There are countless successful food truck owners in the US today as evidenced by the presence of innumerable food trucks in almost every street corner of different cities. California is noted to be having the highest number of food trucks.

Statistics reveal that active food trucks in the country number about 24,000 with 30,000 people working in the said industry. Astonishingly, the food truck market value in the USA is estimated to be 1.2 billion dollars in the current year. So, why then are you selling your business?

Well, nobody can blame you for making such a decision because the fact is, not all food truck businesses become successful. Many owner-operators commit common mistakes and worse, they encounter situations that get totally out of their control.

Why Food Trucks Sometimes Fail

According to industry insiders, the major reasons why food trucks sometimes fail are improper inventory management, underestimated food costs, as well as oversimplification. Entrepreneurs fail to consider where their capital will be specifically spent on and why, as they don’t have a comprehensive plan.

They presume that expanding the business by offering another service simultaneously, like food catering, is a good idea, not knowing that time management can be greatly hampered. What’s the use of gaining extra profits if one service is suffering in sales?

Meanwhile, people are free to dream big and those operating food trucks may find that such a business could simply be the easiest and most ideal way to reach their goal in life. Then again, experts note that the kitchen-on-wheels venture has a high rate of failure, approximated at 60 percent in just three years after opening.

Your reason for selling may fall under any of those mentioned above but whatever it is, know that there are places where you can sell your item.

Make use of online resources

If you want to be assured that your stuff gets the best price when you sell it, take advantage of what these major reputable sites have to offer – eBay, Craigslist, Marketplace, Mobile Cuisine, and more. Be ready with the documents they require to have a smooth flow of the selling process.

One advantage of using these resources is, you get to avoid dubious characters and tire kickers – those who seemingly manifest a serious interest in buying but in reality, are not committed to making a buying decision. They are also referred to as non-serious buyers who make the process time-consuming and tedious.

6 Places to List Your Food Truck for Sale

The following are where your truck can get listed:

Business Listing sites

Places like BizBuySell or if not, your local bank can help you if you are planning to sell the entire business. If you are clueless, BizBuySell is the largest business for sale exchange on the Internet.

Major classified advertisement sites

These places are globally known for food truck and trailer sales – Gumtree, Marktplaats, paruvendu.fr, avito.ru, and many others. See if there’s a local equivalent near you.

Facebook groups

Wise business people have found selling and buying to be effective on Facebook and so many of them create groups for faster exchange of communication. However, there are also those who take time in responding to inquiries and video calls which means lessening the chances of engagement and probable sales. If you decide to join any of the business groups on Facebook, always monitor your notifications so that you can respond to them promptly.

Your truck builder and business circles

Pretty sure, your own truck maker has contacts who are interested in buying mobile kitchens. They might be asking for commission but you will no longer have to worry about waiting for months to get your sales. Plus, people engaged in the same business are also good sources of referrals. Take advantage of such an opportunity that is just within your reach.

Specialized sites for slightly used trucks

UsedVending is the leading site for food trucks and trailers for sale but there are also other reputable ones to try out such as Reezocar, truckscout24.com, Karpatia, Roaming Hunger, and so on.

Financial leasing companies

Leasing can be your option if you are selling primarily because of issues in your cash flow. This works by selling your vehicle to the bank or lease company and then they will lease it back to you.

No doubt, opening up a kitchen on the go is cheaper than starting a brick-and-mortar restaurant. However, many small entrepreneurs are inclined to think that their financial freedom is already guaranteed when they venture into the mobile kitchen market. And here’s where failure may start to come in. Hence, when you are no longer able to keep things under control, you might as well get rid of your business, but appropriately.

As you can see, there are lots of places to list your concession food trailers and used food trucks but don’t get overwhelmed. For your peace of mind, visit this link to find out how selling your mobile kitchen can be easy and hassle-free with UsedVending!