If you want to grab the franchise opportunity in the food industry under 20 lakh, here we present you top 5 Food Truck franchises.
Food Trucks, also known as Mobile Kitchen, have become immensely popular in India, especially in metro cities. Food Trucks have become quite a rage among the young population with a rise in youth spending, middle-class expenditure, conscious consumerism, mobile lifestyle and requirement of food on the go.
Food truck has evolved as a popular choice for starting a restaurant business, especially for first-time restaurateurs as it has low risks and low investments involved. For example, with the increase in the number of restaurants, it is very likely for a restaurant owner to go on loss or become bankrupt within no time. In this situation, a person is afraid to invest in a restaurant business, therefore, food trucks come to the rescue.
Food Trucks are an excellent option for food enthusiasts to begin a business with minimum investment and risk. In India, there are various food truck franchises that operate in almost every nook and corner of the country.
Here are top 5 Food Truck Franchise Opportunities you can grab under 20 lakh:
Momo Food Truck
The growing culture of eating out has made momo a roadside hit among the foodies. Momo is being loved by people for its taste and price-effectiveness. Local vendors, small kiosks and food trucks are found serving momo at every nook and corner. There are a bunch of eateries offering hundreds of varieties of these mouthwatering delights with most of them taking the franchise route for getting bigger in less time.
Momo franchise is one of the greatest business opportunities in today’s time. Talking specifically about a momo food truck, it can be a very lucrative business option as the biggest concerns of consumers like hygiene and quality of momos can be resolved with a food truck franchise of momos.
A reason why Momo Food Truck could be a big hit is that it requires an easy investment range of Rs 5-10 lakh.
Kathi Roll Food Truck
Kathi roll is a street-food originating from Kolkata. Its inception can be traced to Nizam’s Restaurant of Kolkata in 1932. With the growing trend for eating out, especially among the youth, school- and college-goers, and working professionals, the on-the-go ease of consuming rolls has played a vital role in expanding its reach among consumers.
Kathi roll has gained popularity within the Indian foodservice market. It is gaining momentum in the market due to new emerging flavors. As this business model shows immense potential, a lot of restaurateurs are experimenting with the concept of Kathi roll food truck. Even big brands are coming up with various franchise formats including a food truck model for aspiring franchisees.
A food truck franchise of Kathi roll can be started with an investment of Rs 5-10 lakh for a minimum area of 200 sq ft. A minimum of 12 months can be anticipated as the probable period to expect a return on investment for Kathi roll food truck.
Frozen Yogurt Food Truck
Frozen yogurt is low on fat, sweet and calories. It refers to a mixture of yogurt, milk, and cream which is enjoyed as a snack or dessert by people of all ages. Unlike traditional desserts, frozen yogurt encapsulates the right nutritional value, which can be a good alternative to a complete meal.
In India, frozen yogurt has emerged as a popular alternative to ice-cream and other milk-based desserts owing to the presence of various nutrients coupled with lower calorie content. The demand for frozen yogurt has further been boosted by increasing western influences on consumers.
Cashing on this growing trend for frozen yogurt, it is viable to start frozen yogurt food truck as it will require low investment with low risk.
The investment range of a frozen yogurt food truck starts from Rs 10 lakh and can range up to Rs 20 lakh for an area of 150-400 sq ft.
Mocktails and Mojitos Food Truck
Nowadays, ‘low or no’ alcoholic beverages are becoming the drink of choice for a growing number of people. Instead of beers, wines, and spirits, these health-conscious young consumers are looking for natural, plant-based drinks to enjoy while socializing, with many of them preferring drinks made using 100% fruit juice.
Millennials have been the driving force of mocktails and mojitos food truck. Consumers are the heart & soul of any business. Hence, it is important to take note of the consumer’s needs, desires, behavior patterns. Mocktails and mojitos food truck is more often considered the best way to attract consumers and is proved to be a lucrative business opportunity due to its high footfall.
Mocktails and mojitos food trucks could be started with an easy investment range of Rs 50K-2 lakh. And the brownie point is….. one can earn back this investment in less than 10 months.
Lebanese & Arabian Cuisines Food Truck
People are nowadays willing to spend in trying new food. Some like to taste new foods because they are looking for new experiences and inspiration whereas others eat different food because they get bore of their routine meal. With this changing consumer pattern, many brands have started offering different cuisines, in the form of a food truck too.
So if you want to try something different, opening a Lebanese & Arabian cuisines food truck could be a great opportunity. It would appeal to varied consumers as well as offer a new taste to them.
A Lebanese & Arabian cuisines food truck can be started with an investment of Rs 10 lakh and can go up to Rs 20 lakh depending upon the brand. The area required for the food truck is generally 125-200 sq ft and the probable payback period is 12 months.