The restaurant industry is changing in a post-pandemic world. New pandemic-proof business models, new technology, and fun marketing trends are keeping consumers coming back for more. It’s the perfect time to take a bite out of the industry.
Changing landscape
Restaurant franchises are in an ever-changing landscape today. For starters, delivery and pick-up options have skyrocketed in popularity for consumers. A study by Technomic and the National Restaurant Association shows at least 60 percent of consumers’ restaurant dining happens off-premises. Meaning, more people are dining using delivery or pick-up methods. The pandemic sparked rapid consumer changes moving the digital age of ordering food up by about a decade.
Franchises proved successful during the escalated market change. Many restaurant franchises specialize in these on-the-go customers with fast-food or fast-casual options. Quick Service Restaurants (QSR) showed their dominance during the pandemic, with many being franchises, and have held strong in recovery with changing technology. Restaurants aren’t just a food industry anymore. Operators you’re getting into the tech field, too.
Money to be Made
A report by Franchise Business Review found the average food franchise profits more than $80,000 a year, with seven percent of restaurants bringing in more than $250,000 per year.
Consumers are ready to be out, get out, and eat out. Industry leaders are seeing profits return to restaurants. The National Restaurant Association estimates the foodservice industry will pass 2021 sales of $799 billion this year by close to $200 billion more in sales.
Hottest food franchise opportunities
Keep your eyes out for these money-making franchise trends to add cashflow to your portfolio.
- Plant-based menu items and restaurants
FMCG Gurus found that close to half of consumers enjoy dairy alternatives.
- Unique flavors
Technomic found 73% of people would visit a restaurant offering new flavors.
- Big-named backed
Tim Hortons partnered with Justin Bieber on a menu item, and their sales increased by more than 10%. Popeye’s did the same with Megan Thee Stallion.
These franchises are for folks who love to roll up their sleeves and get to work, but the sky is the limit with one of the most scalable business models around. Your franchise fee covers training and ongoing support, a proven business model, and a full team behind you.
Interested in food and restaurant franchises? Check out our listing of food and restaurant franchise opportunities, searchable by cost and location.