From Food Truck to Restaurant: How to Know You’re Ready (and How to Prepare)

There comes a time in every successful food truck owner’s life when they are confronted by the question of whether or not to expand to a restaurant. 

If you’re ready to join the ranks of food truck owners who have expanded to a brick-and-mortar restaurant, make sure you’re able to answer these two questions:

1. Are you cash flow positive? 

2. Have you built a strong core team? 

Question 1: Are You Cash Flow Positive?When it comes to running a food business, cash really is king. Ask any food and beverage establishment and they’ll say that achieving positive cash flow is the holy grail. 

Cash flow refers to the net amount of cash moving in and out of your food truck at any given time. Notice we say “at any given time.” It’s crucial to stay on top of your cash inflows and outflows at all times to avoid getting caught off-guard.

Ways to Stay Cash Flow positive 

There are two rules of thumb when it comes to staying cash flow position: 

Don’t get…