What it takes to be a part of one of the most profitable sectors in the UK – industry expands by 20%.
THE FOOD VAN INDUSTRY HAS GROWN BY 20% YEAR ON YEAR, with an estimated 2.5 billion people globally enjoying street food on a daily basis.
According to estimates, 50% of British consumers purchase street food at least once a week, and 64% are willing to pay more than the typical lunchtime expenditure for good street food. Van Ninja, a vehicle leasing company, provided some insight into this lucrative sector, as well as what it takes to get started as a street food vendor.
Over 7,000 street food units currently serve clients at markets, festivals, and other similar events across the UK.
While the food sector is unlikely to disappear anytime soon, opening a formal, traditional restaurant can be costly.
According to Van Ninja, the typical cost of starting a restaurant is £50,000, but the cost of starting a modest catering trailer or market stall is less than a tenth of that (around £5,000).
While some say that these little trailers can only hold so much goods and lack the necessary equipment, a completely converted, brand new van adapted to the owner’s exact needs will still be less expensive than a restaurant.
There are advantages and disadvantages to street vending, as there are to any business, and Van Ninja briefly discussed these in relation to street vending.
Start-up costs are relatively inexpensive. There are no office hours and the rent is quite low.
There are strict restrictions on where one can trade. There is no assurance of job. Profits may be low at first.
With all of this in mind, where does one begin if they still want to work in the food truck industry?
Van Ninja stated that they will need to first purchase a food van as well as all of the necessary equipment for the products they intend to sell.
Then, in order to receive an Environmental Health offering, businesses must register as a food business with HMRC and their local council.
When launching a business, it’s also a good idea to have employer and public liability insurance.
Then comes marketing, building a digital brand, stock purchases, and, of course, cooking.
Food Hygiene Score PAT test certificate for electrical appliances (for any electrical equipment) Obtain a personal food hygiene certificate from a Gas Safe engineer before using any gas equipment.
Van Ninja also drew inspiration for diverse vendors from Chef’s Pencil’s study, which revealed that the most popular street food cuisines in the United Kingdom include Chinese, Italian, Thai, Indian, Mexican, Japanese, Greek, and Turkish. “Brinkwire News in Condensed Form.”