Why you should choose a complete point of sale system for your food truck.

Food trucks reached a whopping 23,873 active businesses in 2020.

• It’s quickly becoming one of the hottest ways to start a food service business, reaching over $2 billion in revenue each year.

• The food truck industry is even outgrowing the commercial restaurant industry at 5.4% vs. 4.3%.

• But as a food truck, it’s important to establish flexible solutions to run your business. This can include choosing the right point of sale system for your needs.

How do food trucks benefit from a POS system?

It’s easier to accept payments.

• Food trucks are fast-paced catering businesses, meaning it’s important to serve customers as quickly as possible.

• When using a POS system, you can quickly make transactions with contactless payment methods, which helps you take more orders at once.

• Payment flexibility also draws in a wider audience. Whether it’s mobile payments, card payments, or even cash, offering more options means you’re more likely to make a sale.

• Relying on just a traditional cash register can put you at the mercy of mechanical faults. If your cash register fails, accepting payments can be extremely difficult and time-consuming.

• Many POS systems can also help you accept different currencies. This allows you to appeal to tourists if your food truck is in a popular destination.

It provides more payment security.

• A POS system also allows for secure payments. Many modern POS systems have intelligent features that prevent fraud while also using secure encryption to hide critical customer information.

• 56% of retailers in the U.S. have switched to secure POS systems to combat fraud.

It can help enable data-powered processes.

• POS systems can help you keep track of your sales. This allows you to monitor trends and take advantage of powerful analytics to help you make future business decisions.

• POS systems can also make managing your finances a lot easier thanks to automatic transaction records.

• You can keep track of employee scheduling data, which may be important if you need to hire extra workers for your food truck.

• Inventory management is also easier when you switch to using a POS solution. You’ll know exactly how low you’re running on a certain item.

• You can even use their information to send coupons and offers directly to their email or phone, and you can tell them about new products or locations.

Sources

https://www.payanywhere.com/

https://2ndkitchen.com/restaurants/food-truck-statistics/

https://www.techradar.com/news/best-pos-system-for-food-trucks

https://pos.toasttab.com/blog/on-the-line/restaurant-management-statistics

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