Best Food Trucks

Early Stage

Best Food Trucks is the marketplace for mobile vending. We connect local shoppers and venues with a continuous stream of mobile vendors in their area.

Analytics

Raised to Date: Raised: $49,888

Aggregate Commitments $

Platform

Microventures

Start Date

10/20/2017

Close Date

12/22/2017

Min. Goal

$25,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Valuation Cap

$2,500,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

12/31/2017

Days Remaining
Funded
% of Min. Goal

200%

% of Max. Goal

20%

Likelihood of Max
Funded
Avg. Daily Raise

$792

Momentum
Funded
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Location

Marina Del Rey, California

Industry

Food, Beverage, & Restaurants

Tech Sector

From pun-worthy names to drool-worthy foods, food trucks are the new wave of nitsche dining, and their success is sizzling. What’s not so hot though is how hard it can be to find the trucks, or waiting in line when you finally locate it. Sometimes it feels like ordering from a food truck is more of a harried hassle than a delicious delight.

And that’s where Best Food Trucks (BFT) is here to help! BFT is an all-in-one platform for both food truck owners and food truck customers. It helps owners manage lot bookings and regulatory filings, book events, and stay connected to their followers. For customers, it helps locate their favorite trucks in advance, pre-order their meal, and skip the line upon pick-up. It’s a one stop food truck shop.

Food trucks drove onto the foodie scene in 2008, and from Asian-fusion to tapas and tacos, they’ve been cooking strong. In 2015, there were over 4,000 food trucks active in the U.S., with an industry value of $856.7 million. Estimates put 2020’s revenue closer to $996 million. Add in food trucks’ popularity, with the fact that starting a food truck costs a fraction of what starting a restaurant does, and you realize those numbers will just keep growing.

Co-founders Kevin Davis and Matt Geller certainly know their startup and food truck stuff, too. Kevin previously founded Geekatoo, which was acquired for $20 million in 2016, and Matt is the Founding President of the National Food Truck Association. So far, they have 750 trucks utilizing BFT monthly, as well as mobile food vending associations in Philly, Atlanta, Houston, Dallas, and New Jersey committed to pushing the BFT platform to their members. Their revenue plan is based on customer and vendor subscriptions, and they expect to capture roughly $7,000/month in recurring revenue.

The bottom line is that BFT just might be the best future for best food truck dining. They’re working to keep it easy for you to have (and sell) your food truck cake - and eat it too.

“Who Should Be Interested in this Offering”
Have you ever craved that elusive grilled cheese food truck but couldn’t find it? Or, do you own a food truck and have a headache from juggling all the logistics? Well then, my foodie friends, Best Food Trucks is the investment you’ve been hankering after. From making it easy to find and order that special grilled cheese, to simplifying how and where you can sell it, investing in BFT will make your meals continue to burst with flavor....while helping your bank account burst with profit.
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Best Food Trucks on Microventures
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Platform: Microventures
Security Type: SAFE
Valuation: $2,500,000

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