Interesting Facts That Prove That The Fast Food Franchise Industry Is Booming!
Are you looking for a potentially lucrative business venture? Then look no further than the fast food franchise industry! With its endless growth potential and advantageous returns, it’s one of the top choices for entrepreneurs who want to make their mark on the world.
Read on to discover some interesting facts that prove that investing in the fast-food industry is an excellent decision! But first – Let’s try and understand this evolving business sector.
Understanding This Industry
A junk food franchise is a type of franchising where a company licenses the rights to its brand and operating model to third-party operators. These businesses are typically found in high-traffic areas such as shopping malls, airports, and gas stations.
Whether you’re interested in a fast-food pizza franchise or the best donut business in town – You’ll receive ample support from the Franchisor. They provide the owner with training, marketing support, and access to proprietary products and systems.
The key to success for a convenience meal restaurant is finding a good location with high foot traffic. The franchisee must also be able to operate efficiently and provide quality products and services at a reasonable price.
There are healthier options on kids’ menus at 30% of fast food restaurants
Fast-food chains have improved their kids’ menus with healthier options, including fruit and non-fried vegetables, in the past 15 years. In 2015, 30% of restaurants offered healthier options. The trick is to convince the kids to choose apples instead of fries.
One-third of children eat fast food every day
Young people between the ages of 2 and 19 consume 36% of their daily calories in food, just like adults. While younger generations have emphasized healthy eating, most children and adolescents continue to eat this kind of food for the majority of their daily calories. Those percentages dropped from 14.1% in 2003–2004 to 10.6% in 2009–2010 but then shot back up to 14.4% in 2017–2018.
There are 194,395 franchised restaurants in the United States.
Junk food restaurants are everywhere. Approximately 194,395 quick service restaurants operated in the country in 2019, including ice cream parlors, pizza delivery restaurants, sandwich shops, and major companies. The fact that these numbers keep increasing means that there is a demand for this sector, and when there’s a demand for this sector, it means that you’re guaranteed success.
37% of U.S. Adults Consume Convenience Meals Every Day
Nearly 84 million Americans reported eating convenience meals within the past 24 hours, according to data from the Centers for Disease Control.
Customers Continued Ordering Even During COVID-19
The COVID-19 pandemic did not stop customers from going out for fast food. In a survey, 88.5% of restaurant diners said they got their meals from a drive-thru or pickup. However, only eight percent of respondents said they frequently dined at these restaurants’ alternative seating areas.
Plant-Based Food Market Retail Sales Grew 11% from 2018-2019
More restaurants are introducing vegan meal options. Retail sales of plant-based foods in the U.S. grew 11 percent between 2018 and 2019. This resulted in a $4.5 billion value for the plant-based market. This is the industry’s way of creating a space for everyone and opening up its customer base.
Conclusion
From food delivery apps to drive-thru windows, quick-service restaurant franchises are keeping up with the changing needs of their customers. From digital ordering and contactless payment options to updated menus that offer healthier choices, the industry is showing its commitment to providing consumers the convenience they expect while also meeting their nutrition goals. With more Americans now taking advantage of these new technologies and menu items, fast-food establishments can look forward to continuing this steady growth in the coming years. So whether you’re looking for a quick bite on the go or trying something healthy yet tasty, there’s no shortage of options for fast food!
