|Many of the people who choose to franchise in the food industry already have experience working in and operating restaurants. But owning your own piece of the food industry is different than working in someone else’s restaurant or retailer. It’s important to understand the food franchise industry before you make your franchising decision.
Food-related brands are one of the biggest sectors in the franchise industry. These include quick-service restaurant franchises, casual dining franchises, fast casual, and retail food franchises. Of course, these categories all have very different franchise models, so you will have to evaluate each franchise on an individual basis. Because food franchises are so popular, you should be prepared for a rigorous, mutual franchise evaluation process.
The number of food and restaurant franchises, especially those featured on America’s Best Franchises, are continuing to grow—quickly. Now is the time to find the food franchise that fits you and your desired lifestyle.
One reason many people are motivated to start their own businesses is the opportunity to create jobs in their own community. Investing in your own restaurant franchise is your chance to make that difference. More than four million people are employed by restaurant franchises, and that number has been steadily increasing for nearly a decade. You can bring some of that job growth to your community.
Most of the employees employed by restaurant franchises work for QSR franchises. We encourage you to explore America’s Best Franchises QSR franchises and the related fast casual franchises.
274,656 Food Franchises Operated in 2017
In 2017 there were more than a quarter million food franchises in the United States. Those franchises are comprised of 190,649 QSR franchises, 52,599 retail food franchises and 31,408 casual dining restaurant franchises.
Do You Have What It Takes?
While there are many food franchise opportunities America’s Best Franchises can help you explore, it is important to make sure you have what you need to succeed as a food franchisee.
It’s important that you consider your capital as you consider food franchises. Because the industry is popular and there may be substantial overhead costs, the initial investment can often be higher than other franchise sectors. Secure your capital and funding sources to ensure that food franchise brands are eager to award you a franchise.
The restaurant industry is constantly adapting to changing trends and patterns. Throughout 2020 that meant restaurant franchisees were changing quickly to incorporate delivery and curbside pickup into their daily operations. When you franchise in the food industry, you have to be able to roll with the punches and change operations as needed.
If you choose to be an owner-operator of your food franchise, you will have to lead a team of managers and other associates. If you choose to be a semi-absentee or absentee owner, you will still have to establish a team of managers you trust to run your business. Leadership experience from other positions can prepare you to be an effective boss when it’s time for you to own your own restaurant franchise.
If you are ready to make your mark in the food industry, start your journey by exploring the food franchises that America’s Best Franchises has to offer.