Food and Drink Franchises in the United States: Industry Report

INDUSTRY REPORT

If you ask people to name a franchise, there is a high possibility that they will reply with a food and drink franchise — and it’s no surprise. Food and drink franchises account for approximately 36% of the total franchises in the United States and yield 48% of the annual revenue of the U.S. franchise industry. Food and drink franchises also account for 65% of direct franchise employment opportunities. The majority of the United States’ food and drink sales take place in commercial restaurants. According to Statista.com, full-service restaurant sales amounted to revenue of $254 billion, and limited-service sales amounted to revenue of $222 billion in 2016. In 2018, the worth of the quick service restaurant (QSR) sector, also known as the limited service or fast food restaurant industry, rose up to $256 billion. After that, the retail, recreation, vending, and mobile vendors were the second-largest contributors to the food and drink industry, with sales of $70.82 billion. The smallest amount of revenue comes from bars and taverns.