Did you search Meatyballs Mobile business plan looking for information about the popular Chicago-based food truck? While this successful mobile eatery probably isn't going to share its specific business plan with you, you can certainly find a wealth of information about the food truck business model and the way to get into this line of business yourself. Because this business model requires only a moderate amount of overhead and can “go where the customers are,” it is a popular concept with the SBA and banks that provide loans to aspiring entrepreneurs. However that doesn't mean your business plan is a “sure thing” right away – you need to discuss several things in detail:
• The market scope in your target region(s)
• The customer profile you will service
• The sort of food you might offer (do you have a menu already)
• The fees and permits you'll need to pay for
• The ongoing costs of food, payroll for employees and non-salaried staff, etc.
The business plan for a Meatyballs Mobile type food truck should include a complete financial model that shows how you think you will spend your start-up capital. This means showing the allocation by category (insurance, marketing, consultants, etc.) and then demonstrating what sales you can achieve. The full model needs three years of a revenue forecast, the break-even analysis, a profit and loss table, a cash flow, and a balance sheet, in addition to a monthly set of projections for the first year. Proving you can cash flow the loan and break-even quickly is important. Add in a cogent market analysis and a management team summary and you'll have a marketable plan. Need more help? MasterPlans has written dozens of food truck plans and has a roster of 10,000+ past clients. Call 877-453-2011.
