Due to the perpetually fluctuating global markets, on-going domestic healthcare concerns, and a general lack of faith in the country’s financial institutions, it shouldn’t come as a huge surprise to find out that a large number of Americans are beginning to relinquish their low-yield retirement accounts in favor of lucrative franchise restaurant income streams – just take a look at the facts and figures shown below:
- Across the board, franchise restaurants clear an average of $82,000 per year.
- Many contemporary concepts cost less than $100,000 to open.
- The franchise restaurant sector’s output is expected to grow by over 6% in 2017, with more than 13,000 new locations slated to open.
- The franchise restaurant sector will add over $29 billion to the nation’s GDP during the next 12 months.
- A restaurant franchise is essentially a streamlined turnkey operation, which means that the physical layout, menu, marketing initiatives, and branding scheme are all pre-established and included within your franchise fee.
As you might imagine, the franchise restaurant arena is quickly turning into one of the most worthwhile investment vehicles in today’s day and age, but if you’d like to open your very own franchise eatery in the near future, it’s important to take a closer look at the specific trends and consumer tendencies that will reign supreme over the next few years.
An Obscured Movement with Big Profit Potential
We’ve all noticed the recent boom in attention towards all-day breakfast menus, non-GMO dining options, and organically-sourced meats, but have you taken note of America’s fastest-growing culinary passion? If you have no idea what we’re alluding to, feel free to enlighten yourself:
- 75% of adults in the US own a grill, smoker, or both.
- Over 60% of grill owners use their outdoor implements year-round.
- More than a third of today’s grill owners plan on barbecuing with greater regularity during the coming years.
- Almost 50% of people without a grill or smoker plan to purchase one during the next 12 months.
- Texas, for instance, has opened over 370 new barbecue establishments since 2011 – marking a steep rise when compared to the past several decades.
- The BBQ craze has been spreading to every corner of the world, with a documented 35% increase in barbecue-based dishes served in the UK, for example.
Staying Ahead of the Trend
We all wish we could have invested in the ground floor of a McDonald’s location or Apple store 10 years ago, but it’s important to note that modern commerce is fast-paced, uber-competitive, and in a constant state of flux, which is why it makes much more sense to keep a keen eye on the future as opposed to missed opportunities from the past.
In this regard, it’s worth mentioning that we’ve already seen a few barbecue-based reverberations in the franchise restaurant sector – the recent rise of Korean BBQ establishments is a fantastic example – which means that the best is surely yet to come. So, if you stay on the cutting edge and ahead of forthcoming trends, it’s in your best interests to turn your focus to the palpable developments in today’s barbecue arena before it sweeps the nation and leaves you feeling as though you’ve missed out yet again.