ave you ever pondered on how to start a food truck business in Cameroon? with the idea of getting closer to your customers or clients?
Have you ever pondered how to start a food truck business in Cameroon? with the idea of getting closer to your customers or clients or taking advantage of a market and providing them with the quality that your business possesses. If I guess it right and your answer is "YES", this article is for you.
A Food truck business can be likened to a restaurant business or mobile canteen, widely regarded among the most successful businesses in Cameroon today. But what separates the food truck from a restaurant is its mobility.
When planned and well-executed, the business rarely experiences poor sales due to its enormous and limitless target market.
Let's take a minute to think about this, everyone eats, everyone needs a place to eat, and there is always somebody ready to buy food and eat regardless of the location.
What is a Food Truck Business?
Food truck businesses are scarce in less developed countries, but Nigeria, South Africa, Ghana and Kenya are well known to practice this business.
In the case of Cameroon, it's kind of non-existent. This might be because some people have the idea but do not know how to do it.
Meanwhile, food truck businesses are so popular in the developed world that some cities have been noted for their food truck scene. From its conception, the food truck business wasn't given a chance as it was considered unhealthy. But, today, it has become a trend in the world.
If you are pondering how to start a food truck business of your own and the cost to start a food truck in Cameroon, check out the steps and tips levelled below to help you get the ball rolling. But before we dive into the nitty-gritty of how to start a food truck business in Cameroon, let us look at its origin.
What is the Origin or History of the Food Truck?
In 1872, Walter Scott created the first known Food truck. Scott Walter cut his wagon's windows and later parked in front of a Providence, R.I. newspaper office. He sold coffee, sandwiches, and pie slices to the journalist who worked long hours.
Today, food trucks can be seen around schools, universities, and offices serving students and workers as profitable.
What is the Cost of Starting a Food Truck Business in Cameroon?
One Time Cost
- The Truck
- Local Council Inspection
- Legal and Consulting Fees
- Truck Customization
- Truck Logo and Wrap
- Point-of-Sale (POS)
- Staff Payroll
- Insurance Payments
- Permits and Licenses
How do you start a Food Truck Business in Cameroon?
- Research Your Food Truck Location
- Choose a Food Truck Niche
- Write a Business Plan
- Get Funding
- Get the Proper Licenses and Permits
- Buy a Food Truck
- Purchase Equipment and Supplies
- Choose a POS System
1. Research Your Truck Location
- Average demographic of the population
- Rush hour street times where commuters can become customers
- Existing restaurant concepts/ideas
- Existing food truck businesses and concepts
- Space where food trucks can stop and sell their products
2. Choose a Food Truck Niche
- Descriptive and attention-grabbing
- Unique and memorable
- Intentions should be clearly expressed without being too specific. This is to provide room for growth.
3. Write a Business Plan
- An executive summary: This is an overview of your business plan. It needs to be precise and straight to the point as further intrigues will be discussed in other matters.
- A company description: This section should reveal who you are and what makes you unique from your competitors.
- A market analysis: This section should demonstrate your knowledge of the local food market and your target audience.
- An organization & management plan: In this section, you'll like to preview how your business is organized as a legal entity. Also, there's the need to list out the business owners, their percentage, and the company's management team. This will help show a transparent business organizational system.
- A service or product line description: In this section, you describe your food menu and your plans to win new customers, evaluate the business's evolution, and address recent market trends.
- A marketing & sales strategy: Provide your marketing tactics and advertisement plan that you entail to spread the word about your food truck and include your sales strategy and platforms you plan on using to get above your competition.
- A funding request: In this section, be specific on how much money you need and describe how every franc will be spent to grow the food truck business.
- A financial projection: It is sometimes difficult to project your finances, especially for new businesses that do not have an economic history. Nevertheless, calculate how much money your business will make over two to five years.
- An appendix: This isn't a necessary requirement in a business plan, but it is a great place to add information that you think is important and might have left out of the business plan. This can be conveyed to lenders or investors. This can include anything from logos, blueprints, letters of reference to produce photos etc.
4. Get funding
- Personal investors such as friends and family
- Banks (depending on your credit)
- Credit Unions or Co-operatives
- Village Association Meetings (Njangis)
- Government funding programs
- Micro-finance houses
5. Get Proper Licenses and Permits
6. Buy a Food Truck
- Taking a decision on whether to choose a new or used truck
- Taking a decision on what customizations you will like on the truck
- It is vital to purchase insurance for the truck and business.
7. Purchase Equipment and Supplies
- Gas cookers
- Gas bottles
- Wet Mats
- Sanitizing Chemicals
- Trash Cans
- Brooms and Mops
- Disposable Utensils
- Food Trays
- Serving Utensils
- Work Tables
- Cutting Boards
8. Choose a POS System
Benefits and Challenges of Running a Food Truck Business in Cameroon
- Being a new business in Cameroon, food truck provides the business with a vast market to exploit.
- A food truck gives you the advantage of moving your business from one place to another, covering a vast area and customer base and advertising potential.
- Food truck owners can avoid some taxes due to their trucks compared to standard truck owners.
- To add, food trucks are flexible in adjusting their menus and schedules. Also, they have the advantage of transporting fresh food to events and festivals.
- Being a new concept in Cameroon, putting the equipment together might be challenging, but should you follow our steps on sound footing.
- A food truck might need long hours of maintenance and cleaning.
- Food truck owners can face challenges in getting areas to park their trucks and how long their trucks can be parked in the set location.