Business has embraced Mobile. But one of the fastest growing business sectors is embracing the more literal use of the word “mobile”: food trucks. Except for anyone who’s been living under a rock for the past few years, San Antonio residents have witnessed the emergence of the city’s burgeoning food truck scene. Like in sister cities Dallas, Fort Worth, Austin, and Houston, San Antonio food trucks have found a loyal following who seek to enjoy the specialized gastronomical offerings of each vendor.
As noted at RoamingHunger.com, (http://roaminghunger.com/sat) an excellent local food truck locator site, San Antonio’s embrace of these road warrior eateries is likely a result of the fact the city is one of the 10 Fastest Growing Cities in the U.S., according to CNN. With all those new mouths to feed, San Antonio has produced a local food scene where residents search for fun and economical meals.
According to a Business News Daily article (http://www.businessnewsdaily.com/1999-great-business-ideas-2012.html) from earlier this year, the food trucks are projected to enjoy revenues of up to $2.7 billion by 2017. The growth is why this specific segment of the food industry was selected as one of the 14 best new business ventures for 2014.
There are other benefits to hitching your wagon to the food truck revolution. Beginning with the initial investment, a new food truck requires far less capital than a traditional brick-and-mortar restaurant. When you pair this fact with the survival rate of food trucks to traditional restaurants, (80 to 90 percent versus 10 to 40 percent, respectively), the way forward is clear: a food truck business in San Antonio’s unsaturated market is a no-brainer.
San Antonio has also put together an infrastructure that favors the growth and success of food trucks moving forward. Boardwalk on Bulverde, a food truck park that is family and pet friendly, offers a food court experience far more enjoyable and unique than one finds at the local mall. The popularity of Boardwalk is an excellent benchmark for the entrepreneur looking to dip his or her toes into the warming waters of the San Antonio food truck market.
Compared to a traditional restaurant, food trucks have a relatively low cost of equipment and overhead, allowing food truck operators to quickly open and start offering curious culinary creations to an increasingly clamoring public. While food trucks are a fun business model, but food truck owners should find a skilled business tax attorney to read over and advise on business plans, state filings, trademarks and copyrights, and tax information. With an experienced business attorney handling legal aspects, food truck owners have the freedom develop new partnerships, contracts, and deals with other business owners in the San Antonio-area food truck industry.
The experienced attorneys at Wilson Brown, PLLC, specialize in business law for the San Antonio area. Call (210) 787-4637 today to speak with a business attorney.