Food service spending is now where it was just before the recession hit. According to the Consumer Expenditure Midyear Update from Bureau of Labor Statistics (BLS) for July 2012 to July 2013, the average American household spent the exact amount on away-of-home food as it did during 2008. Food service accounts for 5.2% of the expenditures in a year for a household in America on average.
Food franchises are without much argument the foundation of franchising. About 57% of franchise industry employees work in one of three areas: quick service restaurants (fast food), table/full service restaurants, or retail food.
Franchise Direct regularly seeks out the most up-to-date information franchisees need to make wise investment decisions. Our latest efforts are compiled here in this comprehensive analysis of the food franchising industry with three distinct parts.
- Industry Segment Overviews
- Big Industry Trends
- Franchise Investment Information
These parts include a greater exploration of specific food franchise industries, significant industry trends to consider before you choose a franchise, and investment data, including sample franchise costs. Explore the provided information and choose the food franchise sector that’s aligned with your business ambitions.