Food Franchising and Profitability
The Franchise Business Review has released a new report on the profitability of the Food Service Industry. The survey, which included 84 brands and more than 4,000 franchisees, shows that the average profitability among franchisees is up 5.8% year-over-year. Of the “top 40” franchisees surveyed, the Franchise Business Review found that their profitability was 15% higher than the rest of the sector.
Michelle Rowan, President of the Franchise Business Review: “Most food franchisors are beginning to understand that satisfied franchisees are more successful and more engaged, which drives improvement at the corporate level.” She continues to say “the brands on our list have maintained extremely high franchisee satisfaction, and, as a result, many have experienced double-digit growth right through the recession.”
Some of the advantages that franchisees mentioned included lower equipment costs, employee availability, and real estate availability.
Related: Click here to search and compare Food Franchises on FranchiseGator.com
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