I can hear an Ice Cream truck coming from blocks away and it’s instantly recognizable.
Why aren’t there Taco Trucks cruising around the neighborhood with an instantly recognizable sound and menu? All the grownups would come running outside waving to the Taco Truck.
The Taco Truck was invented in 1974 so it’s been 50 years now. I’ve known the sound of the Ice Cream Truck since I was like 3 years old, but I barely even know where the Taco Truck is. You’ve got to follow them around on social media…
Business idea, solve the moving hot food issue and find a way to cook and sling tacos on the move. I don’t go out for ice cream trucks but I would for tacos.
Easy, precook and keep heated meat and bread at around 160F in a box with controlled temp and humidity.
Scoop veggie toppings on as needed, wrap and deliver on the spot.
Problem in the USA is if you make more than 11k as a sole proprietor you pay 12% federal taxes and also some state taxes, if you make more than 47k you pay 22%, and you can decrease your total taxable income with the costs of doing business and the depreciation of your vehicle or business building (you pay depreciation recapture if you sell but would have payed tax on the income of the sale regardless so it cancels out) so for example:
A person hypothetically sold an average of 25 tacos every day without break for a year they’d have $56,000
If it costs $3 to make each taco then $28,000
Assume the vehicle and equipment together is $100,000, on a 10 year loan at 6% apr then you’ll pay $13,322.52 for the year, that leaves $14,677.48
We’re gonna say the vehicle depreciation is an amount of $13,000 lost for tax purposes, you’d have to calculate that based on the vehicle specs.
With all that you might owe like $236.95 to the IRS and more to state, so that brings us down to $14,440.53
Congratulations you’ve accomplished poverty without any employees AS LONG AS THE VEHICLE NEVER DRIVES ANYWHERE thanks to accruing a debt that would absolutely shatter you if anything went wrong.
I stopped being excited for the Ice Cream Truck decades ago, but if I heard the Taco Truck coming around I’d be super excited and run outside with a big grin.