This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Food Trucks Are on a Roll, Despite Paperwork

Food trucks are also forming communities, including with competitors, in New York, Washington and Chicago to address local laws and regulations on mobile vending.

Red Hook Lobster formed the NYC Food Truck Association to work with a lobbyist to update some of the outdated New York City parking regulations, Povich says. Paperwork in some cities, including Los Angeles and Washington, is easier to deal with; cities such as New York can be daunting.

New York City's Department of Health and Mental Hygiene oversees food truck vendor permits and licenses. A permit goes to the cart or truck itself, like in a car registration, with one permit per cart or truck. Mobile food vendors may have more than one license, though, says a spokeswoman for the department. They're comparable to a driver's license and means you can work at a permitted cart.

The number of permits is capped under the city's administrative code -- just 3,100 for two-year permits and 1,000 for six-month seasonal permits valid from April 1 through Oct. 31, according to the health department. The city allots another 1,000 permits for so-called green carts, those selling fresh produce. Povich estimates a permit waiting list of roughly 4,000; the city did not provide figures.

Collecting specific data in general has proven a challenge. For instance, if a restaurant launches a truck, sales from that truck would be counted into the restaurant's total sales and thus fall into the so-called quick-service or full-service segment, Stensson writes. Additionally, many mobile vendors don't have employees, so data cannot be collected that way.

Matt Geller, CEO of the Southern California Mobile Food Vendors Association, says Los Angeles is the "epicenter" of the food truck phenomenon because it does not have the same restrictions for mobile food vendors as New York.
2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.23 -1.10%
FB $100.31 -0.68%
GOOG $676.62 -1.10%
TSLA $153.12 6.60%
YHOO $26.43 -2.50%


Chart of I:DJI
DOW 15,577.08 -337.66 -2.12%
S&P 500 1,818.26 -33.60 -1.81%
NASDAQ 4,233.0260 -50.5660 -1.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs