Food Truck Business Plan
Excel food truck business plan template will help you in starting a food truck business and answer core questions on how to start a food truck.
Food Truck Business Model Highlights
Five-year food truck business plan to calculate the costs of starting a food truck business: check profitability, plan yearly revenues and forecast multiple expenses, inventory and investment. Features a consolidated income statement along with the balance sheet and cash flow statement. Adds to its simplicity with the help of tables, charts, reports, and financial summaries. Brings in the innovative Key Performance Indicators benchmark sheet. Equipped with detailed video instruction and helpful How to sections. Used by owners, advisors, founders, and investors. Available for editing and use in Excel or Google Sheets. Compatible with Mac and Windows.
Overview
Food Truck Business Plan helps to make financial analysis, to calculate food truck cost as well as yearly revenues and expenses, to plan margins and sales mix salaries and wages, midweek and holidays profitability and create safety stock. This food truck business model allows you to use several business scenarios and choose the best for you.
Key features
- Designed for flexibility in starting a food truck business.
- Revenues and variable expenses, easily exposed to sales seasonality.
- Functional dashboard as well as built-in break-even, financial summary and food truck business valuation reports.
- Switch output currency, margins and safety stock features with immediate operations results included.
- Creates top revenue and expenses summaries, financial charts and key reports open for editing, saving in PDF, printing and use in presentations.
- It’s especially good for startups with limited original assets.
Used by
Made for investors, founders, managers — CEO, CFO, COO, VP of Finance — or financial consultants and advisors that want to calculate exact revenue and expenses forecasts for food truck business and evaluate a food truck cost with the Excel template.
Easy to use
Explicit and thorough tables and charts tested by experienced businessmen and designed for various periods and food truck business sizes.
Edit anything
Unlocked for editing. Detailed formatting and color scheme instructions are given. Used in Microsoft Excel or Google Sheets. Add and calculate your own figures.
Personal support
All-day available personal support: online and on the phone services along with an instruction video for comfortable use. Built by professional financial modelers and businessmen.
“Finmodelslab team created a class A financial plan with all the bells and whistles that helped our business planning tremendously. AAA+++!”
– Lior Weinstein, digital businesses consultant
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Why do you need a financial model template for a food truck business?
- Food truck business plan helps you to calculate a food truck cost and check how much money can make a business.
- Food truck business model helps you understand to start a food truck and plan margins and sales mix, revenues, expenses, salaries, and wages.
- Food truck business plan template will help you to build an effective strategy and estimate a future profit.
With the help of the food truck business plan template, you’ll be ready to:
- Allows you to estimate future income and how long is the investment payback period expected to be.
- You will be able to build several alternative scenarios for your food truck business startup by adjusting assumptions to your expectations and choose the best.
- You will be ready to present your food truck business idea to investors or lenders with a realistic food truck business plan.
Food Truck Business Plan:
Features And Metrics
from the revenue model to financials
In particular, it focuses on such critically important aspects as the following:
FOOD TRUCK BUSINESS MODEL FINANCIAL & BENCHMARK RATIOS
At the Dashboard and KPI tabs, you may find food truck business financial & operational metrics both in long-term and short-term perspective, demonstrating data one-to-five year periods.
Food Truck Business Reports
Reports are demonstrating information with help tables and charts of the business. Thus, the food truck business plan shows more details about the financial state of your starting a food truck business
FOOD TRUCK BUSINESS PLAN DASHBOARD GRAPHS
This tab is a snapshot of your food truck business core metrics at a particular point in time. On the dashboard, you can see your main financials, revenue breakdown, cash flow data, profitability forecasts, and cumulative cash flow. These graphs allow you to make a clear analysis and build business forecasts.
FOOD TRUCK BUSINESS PLAN BENCHMARK RATIOS
This metric demonstrates the main food truck business KPIs. So, you’ll be informed about gross margin, profit margin, net profit, %, wages as a % of revenue and operational productivity and per-worker productivity.
FOOD TRUCK BUSINESS FINANCIAL METRICS
This metric demonstrates overall food truck financial performance. So, you’ll be informed about metrics like EBITDA, CASH BALANCE, etc for the first 24 months and the 5 years by month. You can make financial analyses and forecast your future business steps.
FOOD TRUCK BUSINESS PLAN FINANCIAL SUMMARY
The Summary sheet is a summary of the key financial reports of your business model. The tab calculates the income statement with the year ending money, gross margin percentage, EBITDA, EBIT (the net expenses), net profit before and after-tax.
FOOD TRUCK BUSINESS TOP REVENUES
Top Revenue Depth gives you an opportunity to dive deeper into the information concerning every year of your food truck business plan and enables you to choose a period to look at, e.g. 2019–2023, and shows the exact revenue numbers for each section.
FOOD TRUCK COST TOP EXPENSES
This tab of the food truck template regards your spending and divides into 4 groups: total salary and wages, placeholder 2, placeholder 3 and tax expenses. Everything else can be found in Other section.
FOOD TRUCK BUSINESS BREAK-EVEN ANALYSIS
The breakeven analysis helps to track when your company is supposed to move to a new level when its overall revenues become bigger than expenses.
FOOD TRUCK BUSINESS DCF VALUATION
Here you can evaluate the distribution of current cash flow to Investors — Discounted Cash Flow method (DCF).
Food Truck Business Model inputs and assumptions
To make a model alive you should use yellow cells to input assumptions.
FOOD TRUCK BUSINESS MODEL DASHBOARD AND REVENUE INPUTS
Forecast your overall revenue for the next few years. As you can see, this tab involves core inputs and food truck business financial metrics for you to create several scenarios, check them, and develop the best strategy. Would-be income of your food truck business, sales margin and a ratio between food and beverages, overall revenue forecast and sales ups and downs — all of that can be planned in the Dashboard and Seasonality tabs. Here you can type your own characteristics.
FOOD TRUCK BUSINESS MODEL SEASONALITY ASSUMPTIONS
Input the percentage of deviation from monthly Average Sales Per Day. Different seasons will change the course of your profits. The seasonality tab is to make sure every deviation is planned and to forecast the most profitable seasons.
FOOD TRUCK BUSINESS PLAN WAGES INPUTS
The wages tab allows calculating food truck expenses for the salaries of your personnel if you enter the information about the Number of Employees, Annual Salary Raise, Monthly Bonus and Tax Rate.
FOOD TRUCK BUSINESS MODEL FIXED EXPENSES INPUTS
Make more accurate forecasts for successful starting a food truck business. This tab helps to evaluate your planned fixed expenses for a food truck business. Calculate the costs that don’t vary depending on the number of customers or sales — this sum to be charged every day/week/month/quarter/six months, etc.
FOOD TRUCK BUSINESS PLAN VARIABLE EXPENSES INPUTS
This tab helps to calculate the expenses, which can change depending on your use of products or services. Build clear forecasts and make correct business decisions for a food truck startup.
FOOD TRUCK BUSINESS MODEL CAPEX ASSUMPTIONS & ASSETS
Capital costs or investments are the food truck business development expenditures, that are to be amortized. You can name categories, choose payment delay and input the number of expenses.
FOOD TRUCK COST DEBT & CAPITAL ASSUMPTIONS
Are you thinking about taking a loan or attracting some capital investment for your food truck business? Our customized debt and grant settings and equity capital are all to your service!
FOOD TRUCK BUSINESS MODEL INVENTORY ASSUMPTIONS
This tab regulates food and beverage inventory to meet customer demand. Safety stock shows the inventory safety level you should keep. Managing inventory can help the company control and forecast its earnings and be more profitable.
