The food service industry is vast. A survey by Toast found that 45% of people go out to eat multiple times a week, while another 20% go out to eat once a week. The global food service market expects to reach $4.2 trillion by 2024. So, which businesses have the highest profit potential? Learn more about this industry and…
WHY SHOULD I BUY A FRANCHISE? If you’re passionate about getting into the foodservice business, one of the first questions you will likely consider is whether you should open your own restaurant or join a franchise. There are benefits to each, but the upsides of franchising are immediate, consistent, and long-lasting. Franchises have built-in reputations,…
THE FUTURE OF RESTAURANTS After weathering the challenges of a years-long global pandemic, the restaurant industry is on the mend, incorporating new tools and lessons learned. While the restaurant business may not have returned to “normal” as we once knew it, the foodservice industry is expected to reach $898 billion in sales and grow its…
BOUNCING BACK FROM COVID The global COVID-19 pandemic has been a roller coaster for the food industry and restaurant operators everywhere. Navigating lockdowns, dine-in capacity limitations, and social distancing have led restauranteurs to get creative in finding new ways to serve guests and maintain success. While the pandemic presented exceptional challenges for the restaurant industry,…
BURGER BUSINESS IS BETTER THAN EVER The fact is: Burgers have ALWAYS been good business. As one of the world’s most popular foods, nearly 50 billion burgers are prepared to order each year in the United States alone. What started as a simple patty-on-bun food source at its inception has developed into a booming industry…
Financing Options When Buying a Franchise Business Many questions come to mind when you think about investing in a new business, one of the big ones is, “how will I pay for this?” What people don’t know is there are financing options available to you when you decide to join a franchise business. According to…
Panera Bread Panera Bread is a fast-casual restaurant chain with operations in the U.S. and Canada. It operates more than 2,000 locations in the two countries. Headquartered in St. Louis, Missouri, the company was founded in 1987 by Ken and Linda Rosenthal as The St. Louis Bread Company. It was bought off by Au Bon…
FAST FOOD NOW The variety of dining options available to hungry customers in an ever-changing world doesn’t just have to do with types of cuisines, but the environments and styles in which food is served. From fast-food restaurants to fast-casual to fine dining and any hybrids thereof, both customers and prospective business owners have plenty…
SITE SELECTION AND DEVELOPMENT Finding the right location for your business is essential to setting yourself up for success. One of the many benefits of investing in a franchise is the backing of a team of experts who have conducted extensive demographic research and market analysis to pinpoint the optimal location for your store to…
FRANCHISING 101 People have a lot of misconceptions about what makes a franchisor and franchisee relationship work, but in essence, the franchisor is the person(s) or corporation that owns the trademarks and business model of a particular brand. Bear in mind the differences between a franchise and a chain. Within a chain business, a parent…