How Much Does It Cost to Start a Food Franchise Business
Food restaurant industry is an ever-growing one. The demand for quality food and service is always high. There are more and more restaurant businesses that choose to open franchises. Food franchises require quite serious investment, however, there are options that can be rather affordable.
Food segment is a leader in franchising. Most franchises that have been operated for a long time and already have a large customer base established their positions thanks to constant innovations in menu and formats. Nowadays, companies offer mobile units and delivery features to increase their influence and gain more clientele and profit. Brands that work like a well-oiled machine always seize the opportunities and keep up with the times.
On average, food franchises can cost up from $10,000 to millions of dollars. There are also associated expenses like construction, rent, equipment, and ongoing fees paid to the franchisor. Most initial fees are about $10,000-$60,000, whereas royalty fees are around 2,5-8% of monthly sales. There are many food franchises under 50k that you can find on Topfranchise.com.