In a competitive food truck industry, small operators face challenges as costs rise. Half of owners are under 50, and no single company has more than 3% market share. While the average purchase cost of new food trucks is $108,500, used trucks cost $46,800. Despite industry growth, food truck numbers declined by 0.2% in 2025.

Cruising Kitchens, a major food truck builder, filed for Chapter 11 bankruptcy due to financial strain. Facing lawsuits and a liquidity crisis, the company aims to reorganize operations. With $3.4 million in assets and $18.2 million in liabilities, the bankruptcy reflects challenges in the food truck industry. Cruising Kitchens, known for big-name clients like Walmart and H-E-B, has filed for Chapter 11 bankruptcy. The company faces lawsuits from Reef Industries and other customers for undelivered food trucks. Former employees report issues like bounced paychecks and lack of supplies. Lenders are seeking to foreclose on two properties.

The filing indicates no funds for unsecured creditors. Cruising Kitchens, a food truck company, filed for Chapter 11 bankruptcy due to overordering inventory from Reef Industries. The company faces lawsuits from multiple parties for undelivered trucks. Former employees report issues with pay and supplies. Lenders seek to foreclose on two properties.

Read more at Yahoo Finance: Huge restaurant industry brand files Chapter 11 as lawsuits mount