With the average American household spending around $3,000 per year on eating out and around 58% of American adults eating at a restaurant at least once a week, it’s no wonder that the fast food and restaurant industry brings in around $800 billion to the US economy every year, accounting for 4% of the national gross domestic product (GDP).
As for revenue, around $250 billion is brought in by the fast food sector alone, considered to be at the top of all franchise restaurants.
The US restaurant industry is so large that in 2020, there were over 660,000 restaurants in the country. However, this figure has quickly jumped to one million.
With this in mind, it’s also worth considering that the restaurant industry employs around 10% of the total population, while almost 50% of adults have worked in the industry at some point in their careers.
And with ample restaurant franchise opportunities available, now is the perfect time to purchase your own food franchise business opportunity.
For those considering restaurant franchises for sale or fast food franchise opportunities, it’s important to keep one’s pulse on the industry. This means taking into account important trends and factors influencing the business model of fast food restaurants or full service restaurants. Here’s what you need to know before you get started:
Restaurant franchise opportunities are highly beneficial for aspiring entrepreneurs in that with practically immediate earning potential, they can recoup their investment in a very short space of time. But there’s more to where that came from when it comes to restaurant franchises for sale. That’s because these franchises offer the following perks as well:
With hundreds if not thousands of fast food and restaurant franchise opportunities available on the market, it’s only natural for you to wonder how much it will cost you to get started. On average, for your initial franchise fee, you are looking at anything from $50,000 to $6,000,000. Even though you can find franchises on the lower end of the spectrum, most popular chains start in the $200,000 to $300,000 range. Even though there are many concepts that can range from small-sized operations such as kiosks or vending machines, others are larger and will require solid equipment, real estate space, and more. In addition to your franchising fees therefore, you also need to have a certain amount of funds expressed as your net worth. As such, your initial investment will vary greatly depending on the model, format, type, products, and services that your chosen franchise brand offers.
To help you choose the ideal location for your restaurant franchise, we’ve divided the United States into four key regions—Northeast, Midwest, South, and West. Each region offers unique market opportunities for franchise expansion and growth.
Welcome to the flavorful world of Chicken Salad Chick, where a simple idea planted in Auburn, AL, in 2008 has blossomed into a thriving franchise that’s capturing the hearts and taste buds of people across the nation.
$744,500
Customers choosing A&W Restaurants can expect more than just a refreshing root beer; they are embracing a piece of American history.
$278,285
Alumni Cookie Dough tantalizes the taste buds with a diverse array of delectable cookie dough creations that cater to every palate.
$110,250
Welcome to the rich legacy of Checker’s & Rally’s, a franchise opportunity deeply rooted in a fascinating history.
$790,796
With a strong presence boasting over 100 locations spanning five states along the vibrant West Coast, the Pizza Factory franchise system is poised for nationwide expansion.
$273,999
In 1994, the delectable journey of Wetzel’s Pretzels began with the vision of two passionate entrepreneurs, Rick Wetzel and Bill Phelps.
$167,899
Embark on a flavorful journey with Taco Bell, a beloved brand that has been delighting taste buds since 1962.
$360,000