How Food Trucks BOOM Through COVID 19

COVID 19 Restaurants Closing

How Food Trucks BOOM Through COVID -19

- Restaurants are shutting down due to crowds

The CDC announced on March 16 that they are actively discouraging gatherings of 10 or more people to limit exposure to COVID-19. This means that many restaurants are going to shut down if they have not already. This kind of restriction can severely limit your income and could even bankrupt your business. A food truck or concession trailer could be the answer to keep your business on track in these trying times.
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- Mobility can be an advantage in times where people stay put

Since fewer and fewer people are braving the streets today due to the fear of being exposed to the virus, food truck operators have a distinct advantage over restaurants in that they can go where the people are. For example, pulling up to a 50-unit apartment complex is something any food truck operator can do to get sales. This can usually be done in every town across the country with no problem. Are you currently prepared to go where the customer is?

- Expanding your food business to include a food truck is cheaper now

With the recent reduction of interest rates on March 15 from 1%-1.25% to 0%-0.25% (a WHOLE POINT), this may be the perfect time to expand your business. It might sound counterintuitive, but the efforts the Federal Reserve is making to stabilize the economy during this time actually make borrowing money cheaper. This could be a great reason to start expanding now rather than waiting for the rates to go back up. It takes courage, but many of the most successful business owners and operators have made the most money during times of crisis.