We’re at a funny moment in the economic downturn. There are more and more signs that we’ve come through the worst of the recession, but the economic realities continue to be very harsh on the ground, especially where small businesses are concerned. But we always like to trumpet positive news, which is why we’d take to salute the great state of Texas.
With restaurant markets stalling around the country, the National Restaurant Association (NRA) is projecting Texas’s restaurants will show an impressive 4% percent increase in current dollars for the current year. There are a number of macroeconomic figures that explain the sustained growth --- low foreclosure rates, low unemployment ---but for those considering a franchise investment, a food franchise in Texas is now emerging like a mouthwatering opportunity.
Just have a glance at these facts compiled by QSR magazine: A study released by restaurant reviewer Zagat in 2007 shows that Houston residents, who eat 4.2 meals per week away from home, were found to dine out more than residents in other major markets. Residents of the Metroplex (the Dallas/Fort Worth/Arlington metropolitan area), San Antonio, Austin, and Texas Hill Country also ate out more than the national average of 3.3 meals per week. Customers in the Dallas market also spent more money per capita in restaurants than those other cities in 2006, according to the NRA.
Franchise Direct now allows you to browse franchise opportunities by state. You can explore food franchises in Texas here. It seems like it might be one of the best recession investments you can make.