fountain soda is far more provitable 6:28 that's a nice theoretical, but a fountain soda machine and cups cap put out thousands and thousands if not tens of thousands of product out in the same footprint as a cooler with cans. 7:40 you can't pay yourself. the pay for yourself is profit. as far as irs concerns, a meager salary of $200 and taking profits is better because in the meanwhile your corporation can pay your personal expenses as a corporate perk untaxed before profit as a business expense.
Amounts paid by a corporation to or on behalf of a corporate employee for personal expenses of the employee or his family, including the operation and maintenance of property for the personal use and benefit of the employee or his family, generally constitute gross income to the employee whether or not they are deductible by the corporate employer. If such payments constitute compensation, they are deductible by the corporate employer in an amount not in excess of a reasonable allowance for compensation when added to all other compensation paid to the particular employee. If such payments constitute a distribution by the corporate employer within the meaning of section 301 of the Internal Revenue Code they are not deductible.
Good morning. I have a strange request! I'm an elementary teacher and am starting my financial literacy unit in Math. I've given my students a project in which they have to start a food truck business. They have to budget, market, etc. What I was wondering is if you would be interested/ willing to do a quick Zoom call with my class so they could get some information from you and perhaps ask some questions? Your videos are informative, but a real face will be more memorable and authentic for them.
Hello thanks for asking yes, I would love to help my apologies I could not get back sooner if you have this or anything else I could be of assistance let me know !
You need a truck. The best way is to get with your local health department and decide what permit you need. For starting up with limited venues it may be best to go with a temporary food license If you are going full time see what is required for a full time food vendors license. Also check with the fire department to see what is needed for you fire inspection. Then build your truck/trailer to suit.
you can actually do this yourself and keep a log potentially to show health department of your schedualed pest control its a small space you could handle this your own cheaper
@@zacharyshort384 or using shore power which might be included in the location rent, or even free from the location to keep you there. why would anybody give free power? because it's more of a possibility that your customers (that would have no other reason to stop there) might go into that business' location and spend money. it's a numbers game plus they are probably getting free food from you out of the deal.
So do you run a food truck ? or want to?
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a lot of great info, iam starting to look into it. well a food trailer anyway.
Just started the permit process on a food trailer. We will hopefully be opening in Blackfoot ID in March. Thanks for the tips.
Awesome...let me know if you have questions..we have some great videos about marketing. Promoting etc multiple streams of income
fountain soda is far more provitable 6:28 that's a nice theoretical, but a fountain soda machine and cups cap put out thousands and thousands if not tens of thousands of product out in the same footprint as a cooler with cans. 7:40 you can't pay yourself. the pay for yourself is profit. as far as irs concerns, a meager salary of $200 and taking profits is better because in the meanwhile your corporation can pay your personal expenses as a corporate perk untaxed before profit as a business expense.
Amounts paid by a corporation to or on behalf of a corporate employee for personal expenses of the employee or his family, including the operation and maintenance of property for the personal use and benefit of the employee or his family, generally constitute gross income to the employee whether or not they are deductible by the corporate employer. If such payments constitute compensation, they are deductible by the corporate employer in an amount not in excess of a reasonable allowance for compensation when added to all other compensation paid to the particular employee. If such payments constitute a distribution by the corporate employer within the meaning of section 301 of the Internal Revenue Code they are not deductible.
Good morning. I have a strange request! I'm an elementary teacher and am starting my financial literacy unit in Math. I've given my students a project in which they have to start a food truck business. They have to budget, market, etc. What I was wondering is if you would be interested/ willing to do a quick Zoom call with my class so they could get some information from you and perhaps ask some questions? Your videos are informative, but a real face will be more memorable and authentic for them.
Hello thanks for asking yes, I would love to help my apologies I could not get back sooner if you have this or anything else I could be of assistance let me know !
If I get all the paperwork done how long do I have to get the truck itself. Or do I have to get that first..
You need a truck. The best way is to get with your local health department and decide what permit you need. For starting up with limited venues it may be best to go with a temporary food license If you are going full time see what is required for a full time food vendors license. Also check with the fire department to see what is needed for you fire inspection. Then build your truck/trailer to suit.
please what is the cost in miami fl pest control for a food truck
you can actually do this yourself and keep a log potentially to show health department of your schedualed pest control its a small space you could handle this your own cheaper
so they don't burn up gas sitting there???
I would think the engine is off and they are powering it with a separate generator.
@@zacharyshort384 or using shore power which might be included in the location rent, or even free from the location to keep you there. why would anybody give free power? because it's more of a possibility that your customers (that would have no other reason to stop there) might go into that business' location and spend money. it's a numbers game plus they are probably getting free food from you out of the deal.
not giving clear idea how much it will cost
it's not going to cost me a dime to operate my food truck, the customers pay for it all. ;)
You are already destined to fail with that attitude.