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Owning a Restaurant Franchise or full-service restaurant franchise is a bucket list item from many aspiring entrepreneurs.
Today, a variety of unique and new food businesses are popping up everywhere to entice consumers to try out their new food concept. Is the next big food franchise in your future?
Restaurant franchises feed millions of Americans each year. Is a restaurant franchise the right franchise opportunity for you? Options, beyond traditional sit-down establishments, include quick-service restaurants (QSR), fast casual restaurants, kiosk and food truck business models, and catering businesses.
Quick-service restaurant franchises (also known as QSR or fast food franchises) are often what springs to mind when people think of restaurant franchises. QSRs see lots of customers and have perfected operations that can be seamlessly replicated in franchise locations. QSR franchisees benefit from strong name recognition that goes far beyond burger joints. Sandwiches, coffee, and even pizza can be served in quick-service settings. The ideal quick-service franchisee has operations experience and strong management skills.
Fast casual franchises are best described as a marriage of traditional sit-down restaurants and quick-service restaurants. Customers order and pay for their food, before grabbing it to take to a table. The atmosphere is more upscale than most QSRs while striving to achieve a similar speed of service. Fast casual restaurant franchises are expanding across the franchise industry. According to QSR Magazine, visits to fast casual restaurants increased by 6% annually between 2013 and 2018. And more growth seems to be on the horizon as more fast casual restaurants enter the franchise space.
Restaurants don’t always have to be comprised of a back of house and a dining room. Some restaurant franchise models allow for franchisees to open up shop in a kiosk. Kiosks have lower overhead costs for franchisees and are easily accessible for customers. Kiosks are often specialized restaurants, like smoothies or coffee.
Food trucks are another way restaurant franchisees can operate non-traditional models. Food trucks allow franchisees to bring the food to where their customers already are. Plus, they generally have lower costs than a traditional restaurant. Explore our restaurant franchise options that include the food truck model if you’re looking for a restaurant that allows mobility and flexibility.
Some restaurant franchises only operate as catering services. That means no dining rooms or servers for franchisees to manage. Catering franchises allow franchisees to focus solely on the food. Ideal catering franchisees are comfortable in a kitchen and have excellent time management skills. If that sounds like you, check out our catering restaurant franchises.
Restaurant franchises often include multiple revenue streams that help franchisees diversify. Many restaurants that have dine-in service also might deliver or cater. The name recognition and consistent menu offerings that come with a franchise system help franchisees to capitalize on the multiple revenue streams. Customers already know they like the restaurant when they eat in the dining room, so why wouldn’t they enjoy it delivered or catered? Plus, offering catering services allows franchisees to benefit from day time business, as well as special events. Multiple revenue streams give franchisees more flexibility and freedom.
Restaurant franchises are a great option for entrepreneurs who are passionate about food and are looking to benefit from multiple revenue streams. There are plenty of options for restaurant franchises including quick-service restaurants, fast casual franchises, kiosk and food truck business models and catering franchises. Explore all of our restaurant franchise opportunities to find the one that’s right for you.