08 Sep, 2017

Top Food Franchises To Own

Top food franchises to own Most top food franchises to own are reporting growth and continue to be extremely successful, despite the economy. Drive around your local business district on a Friday or Saturday evening and you'll notice that parking lots are always nearly full. The fast food industry continues to move full-steam ahead. The industry's annual sales have nearly tripled over the last 15 years, easily surpassing the $200 billion mark in 2006. Although they may need to postpone that trip to Disneyworld or buying that new in-ground pool during tough times, consumers actually are more inclined to splurge on convenience, especially meals, particularly when both mom and dad are working full time jobs. Time starved families have little time to prepare food at home, nor do they feel like it, after working all day and fighting rush hour traffic. Fast casual restaurants continue to be fueled by the consumer's ever increasing need for convenience. More than half of the adult population claim they are simply too busy, and convenience is a critical part of their lives that they are more than willing to pay for. Why a franchise rather than an independent restaurant, you may ask? Respected, well known brand names instantly draw customers in to your business. They know and expect the same outstanding quality food when they visit a Burger King, whether their dining in Portland, Maine or Portland, Oregon. Co-branded franchises are increasingly popular these days. Taco Bell and Pizza Hut have been known to share the same building, giving the franchisee a wider, more diverse customer base, while increasing profitability simultaneously. Of course, there are some drawbacks that go along with owning a restaurant, or top food franchises to own. Labor can be a challenge and turnover rates are higher than in other industries. Although the initial investment is higher than other business models, banks and lending institutions tend to be more apt to approve business loans, particularly because of the higher revenue that is generated compared to other business models. While you may initially question the decision to become a top food franchises to own, keep in mind that consumers, and their love affair with fast food, is here to stay. In fact, in strained economic times, people are inclined to buy that egg muffin or hot dog as a "comfort food" even more. You'll receive solid support and training from the franchisor, not to mention the prestige of owning a popular fast food restaurant franchise. So, which one should I look at, you may ask? An experienced franchise consultant can assist you in finding the ones that meet your financial ability, as well as provide specific details about the key advantages of each.