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Trends and Facts About Food Franchises
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Investments for a food franchise can range from the thousands of dollars (for vending machines or other small ventures) to the hundreds of thousands of dollars and beyond (for full service restaurants).
When most people think of food franchising they think of McDonald’s largely because of the consistency and uniformity – two of the main features of franchise systems. Though food franchising is most often associated with fast food, the industry also includes barbeque, coffee, pizza, ice cream, candy, smoothies, pretzels and more.
Five fast facts about the food franchise industry:
- Food related franchises make up more than one-third of the total number franchise establishments in the U.S. and account for over half of the total number of franchise employees.
- According to Statista, sales in U.S. restaurants and bars should reach over $490 billion for 2015.
- In 2015, the top states for restaurant sales growth are Arizona, Florida, North Dakota, Texas and Colorado (source: National Restaurant Association).
- Food franchises don’t only need to be concerned about competition from each other. Convenience stores have been steadily increasing their food service footprint as well.
- Subway is the largest food franchise in world (not counting convenience stores) in terms of units with 44,295 (as of September 30, 2015).