08 Sep, 2017

Hottest Franchises For 2010

Hottest franchises for 2010 With restaurants seemingly on every corner, you might think the market for a new chicken wing restaurant wouldn't be a good idea. But one of the hottest and fastest growing restaurant concepts in the United States hottest franchises for 2010, Hot Wings or Buffalo wings. The Facts the entire restaurant industry is poised for continued growth in this decade. According to the Restaurant Industry Association's 2011 forecast, the industry will top $577 billion in sales. Today's consumers spend 44 percent of every food dollar on meals, snacks and beverages purchased away from home, up from just 25 percent in the 1950s. By 2015, the Association estimates that figure will reach 53 percent, as the proportion of the food dollar spent away from home continues its upward march. In addition, the U. hottest franchises for 2010 having risen more than 17% in the last decade with chicken wings leading the pack. All of these statistics greatly benefit a new chicken wing restaurant start-up. Getting Started! As a restaurant start-up you can choose to start your restaurant from the ground up or you could choose the franchise route. Total cost of investment is often a deciding factor. If you choose to go the franchise route, the leading franchisors are companies like Buffalo Wild Wings, Wing stop and Wing Zone. These companies offer many advantages. The main benefit of choosing the franchise route is risk minimization. Starting a new business is risky. Most studies show that over 90 percent fail within three years. The primary reason the failure rate is so high is because owners must go through the learning curve of operating their businesses. Franchising reduces that curve substantially. The downside to choosing the franchise route is the high investment requirements. If you want to open a chicken wing franchise, expect to invest anywhere from $310,000 to $1,500,000. Another downside to buying a franchise is that you are obligated to send 4 to 6% of your top line sales to the franchisor as a franchise fee. An attractive alternative to franchising is starting your own hottest franchises for 2010 the ground up. This option gives you complete control of the theme and concept. The average cost of starting the restaurant is also reduced dramatically. That being said, a chicken wings restaurant is a very easy business to start. There are start-up guides that you can purchase that will step you through the process. If you have knowledge of the restaurant business you are one step ahead. But if you don't, no worries, this type of restaurant requires little experience to operate.

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