More and more, anyone who has a desire to open a small business of their own have found that opening a restaurant franchise is very profitable. It is predicted that restaurant sales will reach $577 billion in sales by 2010. The restaurant business industry now employs 8% of most workers employed in america. That involves about 11 million people, and makes them the biggest employer next to the government.
Restaurants have already been satisfying the hunger of individuals for a long time, and restaurant franchising is around to increase the growth of the industry. In 1950, Colonel Harlan Sanders introduced his Kentucky Fried Chicken franchise and built a chain of over 600 restaurants by 1960. McDonalds was franchised in 1955, and so were House of Pancakes, Tastee Freeze, Dairy Queen, and Dunkin Donuts.
Baby boomers (people born between 1946 and 1964) are often the people opening new restaurants and junk food establishments. They have sophisticated tastes and the amount of money to make their ideas possible. They demand fresher ingredients, healthier dishes, and vegetarian options. Seniors are credited with setting the pace for what does and doesn?t work when it comes to successful restaurants. If Livraison asiatique dine out they want high quality, no matter where they’re eating.
More and more people are holding regular jobs, leaving little time to get ready meals at home. Quick serve restaurants continue to be fueled by the consumer?s ever increasing dependence on convenience. More than half of most adults say they are busy, and convenience is a critical part of their lives.
While older consumers demand quality, younger customers want convenience. 55% of consumers between the ages of 25 and 34 admit they are usually in a rush and want fast service. This sparks the growing dependence on quick service restaurants. Takeout restaurants are also a growing trend. 78% of all households in america use take out or delivery service at least once a month. These folks consider themselves very value conscious.
Many investors are buying into co-branded franchises. Co-branding identifies franchising two or more different brands in one location (Taco Bell, Pizza Hut, & Kentucky Fried Chicken). All three are housed in one building, instead of building three different restaurants. These restaurants have the effect of more than 29,000 restaurants, and more are popping up on a regular basis. There are also multiple franchising concepts with Dunkin Donuts and Baskin Robbins in exactly the same building.
Some franchisors take their products overseas. Subway has nearly 800 international franchises (not counting Canada). In the event that you add Canada they number around 2,000. The size of the company has helped with their popularity in other countries.
Whether you are selling sandwiches over the sea, or have an upscale dining establishment uptown. The outlook looks strong for food franchising in the next ten years. Provided that consumers continue steadily to eat at restaurants, the franchise opportunity is a gainful one.