Industry Overview
Franchise North America offers Food franchises in all regions of the United States. We only offer those franchises for sale that meet our high internal standards of excellence, integrity, and quality.
Despite most peoples' impressions, food and food service franchises comprise only 19% of the available franchises in North America. However, given the size of many popular and well know food service concepts, their revenue dollars are certainly not lost on the franchise industry.
Food franchises come in many sizes and varieties. There are fast food, casual dining, fine dining, meal assembly, ice cream, smoothie, coffee, donut, wine, better for you / healthy, bars & pubs, juice, salad, and many more concepts. Each vary in the target demographic, investment level, seasonality, complexity, and trends that make it right or wrong for a particular owner.
Facts about Food franchises*
- Restaurant sales in 2005 represented $511 billion
- There are over 925,000 locations nationwide
- At 12.5 million employees, restaurants represent 2nd only to government as the largest employer
- Industry sales should grow about 5.1% in 2006
- More than 7 out of 10 eating and drinking places are single unit (independent)operations
- Most concepts award radius protection of a certain location; whole territories may be available in Area Developer agreements
- Employee turnover can be a challenge in many food service concepts
* According to the National Restaurant Association
Lifestyle Considerations
- Many food service franchises want owners to have food experience; most lenders want to see prior food service experience
- Owners should have "people-oriented" backgrounds including supervisory experience and outgoing, hospitality-focused personalities
- Work days & hours can be rather demanding; many are 7-days per week with long hours
- Successful franchise owners typically own and operate multiple units of a particular concept