CHEW ON THIS Hungry for a new opportunity? Dive into the sumptuous world of food franchises.
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By Lisa Welko
rom French pastries to chicken teriyaki to French fries beneath golden arches, food franchises are popular and here to stay. They account for 36 percent of all franchise establishments and 48 percent of the annual financial output of the U.S. franchise industry, according to the 2018 Franchise Direct Food Franchise Report. The industry promises growth, because everyone eats. According to Statista, 20 percent of Americans visit a quick-service restaurant at least once a week and 72 percent visit at lunch. Food franchises can be some of the most challenging franchises to build, but also some of the most rewarding. A well-known food franchise has built-in product demand and recognition, proven success, and marketing power. While fast-food franchises are estimated to make up 25 percent of franchises in the country, they are not the only entrÊe on the menu. You can also consider coffee, smoothie, and juice franchises; full-service franchises; pizza franchises; corporate catering; and vending-machine franchises, to name a few. And all have growth potential, which we’ve outlined here. 54
FranchiseDictionaryMagazine.com
