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This is the third article in a series of articles looking at used food trucks for sale by owner. In the first two articles I discussed why I believe there is an opportunity to buy these trucks if you are serious about getting into the food truck business.
As previously mentioned, I am a customer myself and I make no bones about it. What is the most cost effective way for someone who has a passion for food to get started in the business? What should I be looking for when looking for a food truck for sale by owner?
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Many of us who love food and who have a true love for food and people and are interested in owning our own business are probably going to look for a new opportunity.
If we are lucky, we will find it, but how long do we have to wait before someone else notices our opportunity and tries to take advantage of it? How do we avoid the “sheep” and find the “goats” in the midst of the thousands of potential food truck owners?
There is no doubt that there are thousands of people who are eager to start their own food truck business and who truly have a passion for food and who have great intentions for doing business.
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It is easy to see why there is a demand for the right food truck. Of course, the right food truck can be a lot of work, but it is also a lot of fun!
The first thing you want to consider when looking for a food truck for sale by owner is the location of the food truck. You will want to ensure that it is in a place where there are lots of people who would be interested in buying your truck.
One thing you need to determine as you get ready to sell your food truck is whether you will rent the vehicle or if you will be leasing it from the owner. Both options can have advantages.
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If you are going to lease the vehicle from the owner, you will have a lease option to use it as you see fit. You will pay them rent and possibly a monthly fee for using the vehicle. You will still own the vehicle, but you may not be able to use it until you have gotten it paid off.
For people who lease their own vehicle, they will be able to use it right away and they will not have to worry about paying rent. If you have a little extra money to rent the vehicle out right away, you may be able to get a better deal than if you were to purchase the vehicle. In fact, you may get more savings with a lease option than you could have if you were to purchase the vehicle outright.
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Decide what type of food truck you want to start. Will you build your own custom trailer? Or will you go with a classic food truck with a simple flatbed?
If you decide to build your own trailer or flatbed, there are some things you need to know before you get started on that food truck. You will need to learn how to build a trailer, install a trailer hitch, locate and install a flatbed and then have the tractor ready to go.
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If you decide to hire someone to build a trailer for you, you’ll need to be sure that you know the procedure and have the right tools. It is also important to know how to install a trailer hitch.
You’ll also need to know how to make sure that the trailer is in working order. It’s true that you can get a flatbed for your food truck and make it yourself, but if you want a trailer that is made for your food truck, you will need to hire a professional to do the work for you.
Remember, if you want to start your own food truck business, you will need to choose a location with lots of people who are hungry for good food.