Insider compiled a list of some basic financial requirements for becoming a franchise owner of 12 of the biggest fast-food chains in the US, listed in alphabetical order. The below values are based on \"traditional\" franchise locations, meaning they are stand-alone restaurants as opposed to units in airports, malls, universities, or other buildings.
This chicken franchise for sale is a great opportunity for any entrepreneur looking to make money fast. With over $450,000 invested in a brand new build-out, this business is turn-key and ready for a... More details
Beautiful completely remodeled fast food franchise restaurant with a drive thru. Restaurant has a very diverse menu. A variety of great cooked to order food items for the whole family. Excellent... More details
Primed For Quick Growth!Teriyaki Madness is a fast casual restaurant concept serving up quality, fresh, healthy and flavorful Asian food in a high-vibe atmosphere. Through years of mastering... More details
Despite what the franchise pitch decks might tell you, owning a fast food franchise is not as easy as it may seem. Plus, there is almost certainly a hefty upfront cost that prohibits all but the wealthiest of entrepreneurs from even getting started.
Fast food franchise with New England flare offering take-out, delivery, online ordering and catering. Located in affluent area of SW Florida, surrounded by high density housing developments and... More details
This offering is for new franchises for a fast food restaurant and ice cream shop specializing in award-winning hamburgers, hot dogs, hand-cut fries, onion rings, a wide variety of condiments and... More details
Everyone knows about fast-food and fine dining, but the fast-casual restaurant sector is rapidly growing to bridge the gap between the two. Fast casual restaurants combine the high-quality ingredients and inviting atmosphere of more formal restaurants with the convenience and reasonable price points of fast-food favorites. Increasingly, hungry diners are choosing fast-casual.Fast-casual franchises provide the perfect investment opportunity for prospective restauranteurs, and those looking to expand their portfolios offering both the convenience and reasonable price points of fast food with the elevated service of full-service dining. The environments are more inviting, and the food is of higher quality, usually with more options to customize and know where the ingredients are coming from.The fast-casual restaurant market size was valued at $125.6 billion in 2019 and is expected to reach $209.1 billion by 2027, making it one of the hottest segments in the food industry. The best fast-casual restaurants do not sacrifice quality for convenience, nor customer services for reasonable prices. They are able to combine all the best things that draw customers and make for a winning investment opportunity for entrepreneurs. And like within the fast-food segment, fast-casual burger restaurants are leading the pack.
On the FBR list of the most profitable food franchises to look for in 2022, the brand that stands out the most is East Coast Wings + Grill. The company not only has a broad appeal with customizable offerings, but also has relatively low barriers to entry and offers comprehensive support to its franchisees to maximize profit.
Don't let the entry cost of a top-tier food franchise hinder your dreams of franchise ownership. Fhere are many food franchises available that are just as lucrative and offer the same resources, support and training materials as the major brands.
You are passionate about food and you know you have a lot to offer to the food and beverage industry. In addition, the idea of running your own restaurant or food franchise sounds exciting and just the right step in your career. It, therefore, makes sense to be considering a franchise opportunity in the form of a new restaurant Downtown, an ice cream parlor in a mall, or a fast food franchise on the East Coast.
Although the franchise fee can vary between franchisors, some offering a lower franchise fee than others, it is still one of the key areas used to attract investors and is generally kept at a low cost. When buying a franchise from other franchise owners, this one-off fee will appear as a transfer fee, and similarly, upon renewal of your franchise agreement, you will have to pay a renewal fee. These are all typically fixed but there might be rare cases where the franchise fee can be negotiable.
Running a restaurant franchise is definitely not for the faint-hearted and requires someone dedicated and experienced in managing a fast-paced, exciting, and innovative service. If you are that person and are ready to take on the industry, look no further.
While these may not be the first thing you think about when looking for a fast-food franchise, it is important to keep these things in mind because the perception of the business can make or break its brand.
What is your favorite fast food restaurant There are so many different fast food brands from which to choose these days. But have you ever thought about owning your own fast-food franchise It may seem like a daunting task, but it can be a reality with the proper planning and execution.
The first thing you need to do is research the fast food franchises that interest you. Each fast food franchise has specific requirements, but most will require a certain amount of liquid assets, a minimum investment, and an ongoing royalty fee.
You will also need to find the right location for your restaurant. The site should have high foot traffic or be visible from the road. You will also need to obtain the necessary permits and licenses to open a fast food restaurant in your area.
For one, you will have the support of the franchisor. The franchisor will provide you with business services, including training and resources to help you get your fast food restaurant up and running.
Franchised businesses are a great way to get into the restaurant business with relatively low risk. By choosing a fast food franchise that you are passionate about, you can turn your dream of owning a fast food restaurant into a reality.
Most people think all you have to do is buy a big name food franchise and be set for life. Sadly, most people who have this dream will speak to one single food franchise, never compare to anything else and never know if there were better options.
The average profit for all restaurants coming in at $82,033. Only a minimal number of food franchises create substantial profits, and we see many owners are struggling or have bought themselves a job. (That's why people call Franchise City - we have these numbers on file and help buyers pick the winners)
If you look on the about us page of Franchise City you will see several of us owned food franchises, some of us owned multi units. We also have founders of several food franchises on the team. We have spoken with hundreds of food franchise owners over the years, and most importantly, we have access to all the financials of every franchise in the world in our database.
For some people, in certain areas a food franchise might be the best option. Every situation is different. Your operational skills, your local demographic, market demand and other factors all make a difference. But in the situation of an executive or business professional, who can leverage their skills and build a business, there are many profitable lower-cost alternatives to a food franchise. A food franchise is limited by the walk-in traffic in the local area, while B2B types of franchises allow the owner to proactively build and scale that business via networking or local marketing.
Remodeling. There is nothing worse than a dated looking restaurant. But as a franchise owner, you pay for those updates. We always ask our clients to check the FDD for remodeling requirements. Most food franchises require owners to update the restaurant every few years. That cost is not cheap, usually in the $200,000 or higher range, and the franchise legally obliges you to do so or be fined or even lose your franchise.
Highly competitive. Thousands of food franchises have entered the market over the past few years. You will be competing against other brands and your own brand. There has been a trend over the past few years in many major food franchises where we are seeing declining revenues year over year due to local competition. That brings us to the next problem, which is:
Failure rates. We all know that growth cannot continue forever. Franchises have a lifecycle, where we see strong and solid growth followed by a leveling off, and an eventual decline. The problem is most people, same as stocks, real estate, and investments in general, dive in at the height, just before the decline. Subway, arguably the most successful food franchise, closed 2000 stores over the past few years. Some of the larger brands are likely in a similar situation where you have major market saturation and very few premium territories remain.
Expensive rents. This may change in the coming months as we see stores closing. But as of the past few years, rents have been at a premium across the country. In certain cities we have problems even finding a location, and cities have 2-3% commercial vacancy rates. Many Food franchises require special venting and traffic counts and can be even more expensive to lease. With a food franchise or any brick and mortar store, you also may be on the hook for a multi-year lease which is an obligation for hundreds of thousands of dollars that you may be asked to personally guarantee.
Years to achieve ROI. We have seen non-food franchises with a much lower investment, around $70,000 that show ROI in 120 days on average. When you drop a million or two into the franchise, pay high rents, have 50 or more employees, your time to ROI is much longer.
It's not guaranteed. Many buyers have the misperception that the longer a franchise has been around the more secure your investment. The failure statistics show only a variance of 2% between start-up brands with 5 locations or less, emerging brands with 5-50 locations, and highly established brands. When you consider the upside of an emerging brand such as the ability to own the master franchise, better location availability, and other considerations, it can make sense to align with an emerging brand especially if you go the food route. 59ce067264