Fast Food Franchises For Sale
Fast food franchises provide favourable conditions for own business; they are absolutely various so that every entrepreneur can find their niche. There are never too many of fast food restaurants as they have been a mainstream since they appeared. People visit the restaurants as they serve tasty quality food for good prices and, which is the most important, very fast.
The best fast food franchises have become very popular worldwide and grown to 20,000 locations. Such franchises are not the cheapest to open but they are easily recognized by the customers who are loyal to them, so don't require high costs for promotion. However, there are good low cost fast food franchises on our list which are not so famous but with an interesting concept like cafes which offer on-the-go snackings, for example. Such franchise ideas do not require high expenses for rent and equipment, though provide great fast food franchise opportunities for a start.
If you feel interested in owning such a business, here are some tips on how to open a fast food franchise; browse carefully our fast food franchises for sale, choose the idea which you like, see if the values the franchisor shares are close to yours , check if you have enough funds to invest into the business and click on request free info to ask for details.
Fast food franchises also known as quick service restaurant chains have very promising opportunities for new entrepreneurs willing to own a business. The demand for fast food has been very high since it appeared. The history of quick service dates back to 1921 when the first location of White Castle American burger chain was opened. However, the boom for fast food franchises started in the 1950s, when a lot of restaurant businesses began to expand. KFC, Pizza Hut, Burger King, Mcdonald`s, Taco Bell are just some of restaurant giants which started their franchising in 1950-60 years. What makes fast food so popular nowadays? The answer is in quick service and delicious food which one can eat on the go. Life of people become more and more dynamic which leaves no time for long meals. Another main reason for visiting fast food restaurants is affordable prices. Such establishments focus mainly on students, youth or middle class families. And finally, huge fast food franchise chains invest a lot of money and effort into advertising and marketing. As people, especially youth are highly impacted by social media, blogs, and American movies, they want to eat what their role models eat. Besides, the best fast food franchises have already grown to dozens of thousands locations which made them easily recognized by the customers who are loyal to them and it works as a promotion too.
Fast food segment is estimated to have $ 250 billion revenue and is considered to be on top of all franchise businesses. That is because the industry is diverse and encompasses a lot of franchise segments. Sandwich, burger, salad, pizza, street food cafe, pizza, coffee, donut, fried chicken franchises are just some of the businesses which make up the segment.
Fast Food Franchises Offer Healthy Eating Options
Whereas some years ago fast food was considered to be junk, today it offers a lot of healthy eating options. The demand for healthy food which has been constantly increasing encourages fast food franchises to change their menu to cater to the needs of all their customers. Among the main trends which quick service restaurants follow nowadays are vegetarian menu, low calorie dishes, gluten free products, and sugar free desserts, microgreens and others. Such famous franchises as Burger King, Del Taco, Domino`s, Subway and Pizza Hut serve meatless and non-dairy dishes. Even KFC and McDonald`s fast food restaurants are adding plant-based options to their menu. Chipotle Mexican franchise chain, Wendy`s and Subway sell low-calorie salads, wraps and other dishes for eaters who want to lose weight. Arby's, Five Guys and Popeye`s have a lot of menu options for people who keep to gluten-free diets. Applebee's franchise restaurants offer sugar free desserts.
Starting Cost & Fees
Fast food franchise industry encompasses a lot of various models, formats, types, products and services. Therefore, the initial investments within the segment range from $10,000 to a few millions. The cheapest fast food franchises are small format businesses like food kiosks, fast food trailers, mobile fast food carts. They don't require a lot of labor force, equipment and rentals. A bit more expensive business model but still quite affordable to start is a business which doesn`t need a separate building but can be located in a mall, airport or fuel station. It can be a food court or a small coffee shop with not numerous staff and affordable rental fees. The most costly fast food franchises are restaurants which require a standalone building, preferable in the center of the city which is quite expensive to buy or rent.
The Changes Within Fast Food Franchise industry
Fast food industry has changed a lot during the pandemic. Whereas before it people used dine-in more than drive-thru or food ordering services, today the situation has changed drastically. Therefore fast food franchises have been working hard to upgrade the drive-thru concept. Among the main innovations are digital menu boards, expansion of drive-thrus into dual lanes when two customers will be able to order at the same time, and artificial intelligence. Many fast food franchises like McDonald`s, Del Taco, Wendy's and Arby's are considering an express model that would stick to drive-thru, delivery and takeout.
Fast Food online ordering increased to 145% for the last few years, according to NPD's daily tracking of consumers' use of restaurants. Mobile phone food ordering brought $38 billion revenue in 2020. The trend shows the importance of fast food franchise digitalization. QSR giants quickly responded to the trend. For instance, McDonald’s made plans for mobile order-and-pay and curbside pickup. Starbucks is launching a voice-ordering app. And Wendy’s is going to install 1,000 ordering kiosks.
Delivery services within the fast food industry have also undergone serious changes. Some franchises implemented in-house delivery, the others use third-party delivery services. Curbside is one of the latest innovations within delivery services. It means that the shipper delivers the order to your address and pushes the package with food onto the sidewalk at the front door of your house.
The high demand for delivery and takeaway services made fast food franchises think of Ghost restaurants. Such restaurants don't offer any seat-in services however they specialize in food preparation and order fulfillment. Actually QRS franchises can benefit a lot with the concept as Ghost restaurants allow their owners to low operational costs as they don`t need to pay for rent, labour force, furniture and decor.
Eco-friendly Fast Food Services
Many fast food franchises are getting used to more environmentally-friendly materials like paper instead of plastic. Starbucks and McDonald’s gave up using plastic straws and replaced them with eco-friendly options. McDonald’s also changed their foam cups for paper ones. Despite the fact that such changes require much effort and money, more and more QSRs are switching to more sustainable materials.
Fast Food Services Automation
Replacing the labour force with robots and machines is another change within the fast food restaurant industry. People are getting used to self-ordering kiosks. McDonald’s, KFC, and Wendy’s allow visitors to make their order by typing it in on the screen of a device instead of saying it to an employee. However, it can take some time before customers get used to a robot preparing their order. Robots can change the overall fast food industry as they will be able to work much faster than people. It is predicted that machines will be able to prepare and serve up to 400 burgers in one hour.
Fast Food Franchise Requirements
There are several requirements for acquiring and running a fast food franchise. The initial investment can be rather high, so prospective franchisees must be prepared to cover all costs. The location of a franchise must be in an area with a lot of foot traffic, so there will be a steady flow of customers. All entrepreneurs must sign Franchise Disclosure Documents (FDDs), which vary in terms of work conditions and duration of agreement. These are the most common requirements; however, each brand may have its own specific variety of terms.