If you’re interested in opening a franchise to reap the potential benefits of business ownership, you may want to consider a restaurant franchise. The restaurant industry has seen growth and new opportunities over the last few years. In fact, the International Franchise Association’s (IFA) 2024 Economic Outlook Report released in February 2024, predicts personal services and quick-service restaurants (QSRs) will...
Fast Casual dining options are the most common type of restaurant in the U.S., according to Statista data from 2022, and many of those casual dining options are likely sandwich or burger franchises. In fact, nearly 36% of the global fast food market is made up of sandwich or burger shops, according to recent research published in Fortune Business Insights....
Many multi-unit operators are continually evaluating new brands to add to their portfolio, and sandwich franchises are a popular business investment option. In the same way no sandwich is built the same, sandwich franchise opportunities aren’t either. When deciding which franchise to invest, the options can seem overwhelming, but as you’ve conducted your due diligence research, you‘ve probably seen two...
From WXIX-TV Dynamic Pricing in the Restaurant Industry Read the Article
From WXIX-TV Dynamic Pricing in the Restaurant Industry Watch the Story
From AdAge What Wendy's and Kellogg Pricing Messaging Missteps Reveal about Consumer Disconnect Read the Article
There are more than 749,000 restaurants, as of 2023 according to Zippia data published that year, in the United States. The National Restaurant Association’s 2024 Industry Report indicates there are more than 1 million establishments that serve food, when including hotels, bars and other eating establishments. With that many restaurants, and many being sandwich restaurants, it’s important to keep up...
From Forbes The New Era of Hybrid Dining Experiences: Five Ways to Stay Ahead Read the Article
Any business opportunity comes with both fixed and variable costs, and restaurants are no different. When considering opening a new restaurant or optimizing an existing one, understanding and managing restaurant costs is crucial. According to research conducted by the National Restaurant Association published in a blog in August 2022, food and labor costs may consume approximately 33% of a restaurant’s...
From Miami Student Miami Alum Brings Sandwich Chain to Oxford Read the Article
