Sell or Buy a Food Truck in Illinois

Food Truck Business Overview

Illinois food trucks serve diverse markets from downtown Chicago lunch crowds to suburban festivals and events. The industry offers lower startup costs than traditional restaurants with flexibility in location and menu.

Food trucks benefit from lower overhead, mobility, and direct customer engagement. Success depends on concept differentiation, location strategy, and social media presence.

Food Truck Valuation

Business Type	Multiple Range	Basis
Basic Food Truck	0.8x - 1.5x	SDE
Established Brand	1.5x - 2.5x	SDE
Multi-Truck Operation	2.0x - 3.0x	SDE
Truck + Brick & Mortar	2.0x - 3.5x	SDE

Key Valuation Factors

Vehicle: Truck condition, age, and equipment
Brand: Social media following and reputation
Permits: Active permits and location agreements
Routes: Established locations and events
Concept: Menu uniqueness and customer loyalty

Selling a Food Truck

Key Selling Considerations

Vehicle documentation: Title, maintenance records
Equipment inventory: Kitchen equipment condition
Permits: All active licenses and permits
Brand assets: Name, logo, social media accounts
Location agreements: Event contracts and spots

Illinois Regulatory Compliance

Illinois Mobile Food Vendor License
Chicago Mobile Food License (if operating in Chicago)
Local health department permits
Food handler certifications
Vehicle registration and inspection
Commissary agreement

Complete Selling Guide →

Buying a Food Truck

Key Buying Considerations

Vehicle inspection: Mechanical and equipment condition
Permit verification: Confirm all licenses are transferable
Revenue verification: Review sales records
Location analysis: Evaluate routes and events
Commissary: Verify commissary agreement

Complete Buying Guide →

Food Truck Types

🌮 Specialty Cuisine

Tacos, BBQ, Asian fusion.

🍔 American Classics

Burgers, hot dogs, sandwiches.

🍦 Dessert Trucks

Ice cream, cupcakes, treats.

☕ Coffee/Beverage

Coffee and specialty drinks.

🥗 Health-Focused

Salads, smoothies, vegan.

🎪 Event Catering

Festival and event focus.