Food Truck Business Plan Writing Services to Secure Financing
LAUNCH YOUR DREAM FOOD TRUCK BUSINESS
Food truck businesses have high revenue potential. Despite COVID, the industry in Canada saw almost 6% expansion over the past 5 year period. Food trucks offer consumers speed, convenience and variety through exciting new food concepts.
As a food truck owner-operator, you access opportunities with multiple locations, can create unique food pairings and can receive healthy income. A primary benefit over traditional brick-and-mortar restaurants is lower overhead expenses compared to brick-and-mortar restaurants.
Funding is typically the critical step to making your business a reality, to purchase your needed truck, equipment and other start-up costs. Our speciality is helping business owners get funded with bank or investor financing. But more importantly, we help you get your dream food truck business off the ground and into the world.
ABOUT US
At Newton Group Marketing, we are a leading business plan writing agency since 2011. We specialize in preparing professional business plans and pitch decks for a wide range of industries. Over the past 12 years we have prepared a large number of food truck business plans, and overall food and beverage sector. Our team brings decades of knowledge and expertise in meeting bank and lending requirements to maximize the chances of getting your business funded. Each month we help numerous entrepreneurs like yourself land large funding targets to launch or grow their business. Inquire with us today and see how we can assist in your entrepreneurial project.
12 years preparing F&B sector bank-ready business plans with 95%+ track record of success.
Expertise in lending requirements for banks, BDC and investors.
Helped clients land over $50 million in financing
Specialized knowledge in the restaurant sector, including food trucks.
FUNDING IS DIFFICULT BUT IT DOESN'T HAVE TO BE
Whether you going to the bank or an investor, funding is a difficult step for all entrepreneurs. Every new business is a risk (including a start-up food truck) and the financing you are eligible for depend on several factors. Of course your personal financial situation and experience factor in, but the strength of your business concept plays the biggest role. All of which is communicated through a professionally-written business plan.
A strong business plan is a top factor to getting funded
Unfortunately, an amazing food truck concept isn’t enough
Even if you have an amazing business concept or a world-class menu, a weak business plan will fail to get you funding. Financial institutions must follow strict funding guidelines to justify each business loan, and failure to provide a strong case or with missing information means you will likely be rejected. Food trucks need funding to purchase the truck itself, as well as to outfit with all the equipment, inventory, supplies and more to get it off the ground. It’s important to get the funding application right.
We Know Food Truck Business Plans Can Be Daunting & Time-Consuming
As a food truck entrepreneur, you need to focus on so many areas of your start-up: creating a quality menu, sourcing suppliers, getting licensed and more. Most food truck operators lack the time to write business plan and struggle to complete all required areas.
Most of our clients share the same common challenges:
Lack Time
Unsure What is Needed
Never Written a Business Plan Before
Feeling Stuck
WE TAKE THE STRUGGLE OUT OF YOUR FOOD TRUCK BUSINESS PLAN
Engage our services to make your business plan writing process fast, easy and efficient. As experienced writers, we work closely with you to:
*STEP 1: We outline all the information required for the plan.
*STEP 2: Collect all the information and provide feedback on key areas.
*STEP 3: We conduct 100% of the market research, competitive analysis and financial projections work.
*STEP 4: Receive the polished document ready for bank or investor submission.
*STEP 5: Receive full support after submission to cover any necessary revisions requested by the lender.
We pride ourselves on providing exceptional customer service, where we are in your corner during at every step of your lending process.
Clear the Funding Step & Launch Your Dream Food Truck Business
At the end of the day, the business plan's ultimate objective is to open your exciting food truck business and start earning. To get all the necessary financing to cover start-up costs and launch your food truck business. This is where we shine.
BENEFITS YOU RECEIVE WORKING WITH US
GET UNSTUCK - Many food truck clients are stuck in certain areas when they come to us. It could be around pricing or marketing strategy or operations. By working with us, we present you with multiple options in these sticking point areas, and assist you through insight and options to make the best decision forward.
APPLY FOR FUNDING WITH FULL SECURITY - Our professional business plans repeatedly receive high praise from banks. A razor sharp, industry-grade business plan in hand means you can open the conversation with your bank or investor with powerful introduction.
GAIN CONFIDENCE AROUND YOUR FOOD TRUCK CONCEPT - Most often, our clients walk away from the business plan writing process with an added level of security around their truck concept. They understand the earning potential (rooted in industry SME benchmarks), and can present the commercial potential of their project with utmost confidence.
FAST RESULTS - We operate around quick and efficient execution, which allows us to offer unmatched quality at fast turnaround. Have your business plan ready for presentation within a short couple of weeks.
WHAT THE BUSINESS PLAN INCLUDES
✓ Menu & Concept Description - We go beyond just your food truck menu, but rather give your compelling story that the lender can get excited about and see the commercial potential for your idea.
✓ Target Market Analysis - Detailed target market analysis showing you know who all your customer segments are and quantify.
✓ Competitive analysis - Competitor analysis to demonstrate there is a market gap for your menu and niche.
✓ Financial Projections - Detailed financial projections that show projected earnings and profitability given your overhead costs. Includes a pro forma cash flow statement, balance sheet and breakeven analysis.
✓ Risk Assessment - Outlining the risks associated with your business and your mitigation plan that addresses each one.
✓ Sales & Marketing Plan - Professional online and offline marketing and promotional strategy that aligns with your sales targets and branding, and demonstrates how you will drive ongoing sales and customer loyalty.
✓ Description of Operations - Including a full personnel plan for the staffing needs of your food truck, operational processes, suppliers, geographic range of your food truck, details about your equipment needs and more.
✓ Management Description - Showcasing you and your team's background in terms of experience. Highlight any skills or experience to create trust that you are the right entrepreneurs to drive this project successfully.
✓ And more.
View Sample Business Plan for Food Trucks
Customer Testimonials: What Our Clients Are Saying
FOOD TRUCKS: AN EXCELLENT INDUSTRY TO ENTER
Long gone are the days where street food means a sacrifice in food quality or healthy options. Rather, the food truck industry has seen an explosion in health-conscious options, new unique and wildly popular brands and usher in a new public interest in the gastronomic world.
Food trucks also offer tremendous potential to generate revenue. A single food truck generates an average of $150,000-160,000 Canadian dollars per year. With the advantage of lower overhead costs compared to typical restaurants, this also translates into higher profit potential.
REQUEST A FREE CONSULTATION
Schedule a free consultation with a business plan expert today. During this call, you can receive feedback about your food truck project, ask any questions you have and learn more about the requirements around receiving a food truck business loan. Follow the link below or call us at: 647-367-6449