Fast food restaurants (or quick service restaurants - QSRs) have changed the way Americans eat. While once the focus was merely on speed, or food served fast to fit with our busy lifestyles, today the QSR business is shifting again, as consumers demand higher quality ingredients and healthier options. While there is a fast food restaurant for just about any type of cuisine, what unites these businesses is a quest for each to offer speedy and uniform service, consistent quality and clean interiors.
Revenue from fast food restaurants in the U.S. will grow by more than 2% each year through 2020.
SOURCE: Mazzone & Associates; IBISWorld; Capital IQ
Consumer spending in the fast food sector has grown every year since 2009.
In America, 1 in 5 consumers eat fast food several times a week.
Revenue from the fast food industry is expected to be $223.9 billion in 2020.
SOURCE: IBISWorld; Mazzone & Associates; Capital IQ
Mazzone & Associates; IBISWorld; Capital IQ
IBISWorld; Mazzone & Associates; Capital IQ
Fast food restaurants, or quick service restaurants, began in the middle of the 20th century serving hamburgers. Today, what started with burgers has grown to many other types of cuisine that cater to busy consumers. Modern consumers still want their food served fast, but now, in addition to broader menu options, they also want a higher level of nutritional quality. Consumers want healthier options, which has resulted in the rise of fast casual restaurants, featuring better quality ingredients and more nutritious menu items.
There are many advantages to choosing to buy an established fast food restaurant franchise. First, you are starting a business with a name that is known to consumers, offering built-in demand and a proven track record of success. Additionally, a fast food franchise will give you training and support to get your restaurant up and on track. Finally, most fast food franchises offer new owners assistance with financing, which can help you establish your location and eliminate the need to seek outside funding.
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