Food franchises present an excellent opportunity for anyone who is aspiring to get involved in a food business. There is soaring demand for food across the world, especially takeaways. The Covid-19 pandemic has driven forward this demand even further.
The global food industry is a popular and lucrative market that is ripe for investment. With the value of the worldwide foodservice industry alone having already surpassed 3.5 trillion USD in 2020 and forecasted to increase to 4.2 trillion USD by 2027, there are many opportunities to invest and make an excellent return on your investment.
Of course, food service franchises are not the only kind of available food franchises. There is an entire array of eclectic food franchises to suit every preference and every budget for potential franchisees. So, let’s take a closer look at some of the food franchise investment opportunities that are currently available.
1. Restaurant franchises
One of the best things about restaurant franchises is that there is always custom. Whether you want to invest in a Squisito franchise, a gourmet chain, or provide diners with affordable yet high-quality meals, there are many franchise opportunities available for any potential new business owners. If you want to work in a fast-paced and exciting industry, owning a restaurant franchise could be exactly what you’re looking for.
2. Takeaway franchises
For many people, a takeaway provides the perfect dining experience. They can have it easily delivered to their home or swing by and collect it when it is piping hot and they want to quickly feed their families without the hassle of cooking dinner. In the wake of the pandemic, takeaway foods have become even more popular as people have been unable to enjoy other parts of the hospitality industry.
Despite the easing of restrictions in many countries, the projections for takeaways indicate that the industry is set to continue to grow and flourish in the coming years. Consequently, takeaway franchises make an ideal investment that will allow you to cater to your local community.
3. Cafe franchises
The rise in popularity of cafes has been continual for many decades now. From the diners of the 1950s to the modern coffee shop, demand has not waned from people who want a good quality cup of coffee and a quick snack at breakfast, lunch or dinnertime. This makes them a solid investment for aspiring franchisees.
4. Fast food franchises
Fast food franchises are a global phenomenon that includes establishments such as food trucks or drive-thru outlets. The popularity of street food has risen exponentially as it has become increasingly trendy in recent years. People are demanding quicker eats that can easily harmonise with their busy lives. For example, many people want to grab a bite to eat on their lunch breaks from work if they are in the office and fast food caters to that.
Fast food is often popular with busy families and children too and provides the scope to establish a successful business that can be extremely lucrative in the long term. It makes an excellent and low-risk investment for franchisees. What’s more, you do not need to be a trained chef or have vast experience in the fast-food industry to get involved as a franchisee in this sector. The only requirement is the ambition to be successful!
Why choose to invest in a food franchise?
Food franchises offer a significant number of benefits. Firstly, it can give you a chance to channel your inner creativity. Every single day is varied and interesting and your role in the franchise can be as involved as you choose. You will be able to enjoy the advantages of being your own boss, setting your own hours and even taking some days to work at home while your staff run the business. This gives you the flexibility and versatility to spend more time with your family and establish a healthy balance between your work life and your personal life.
There are many different opportunities in the sector, from gourmet restaurant franchises to food truck outlets to wedding catering businesses. This variety also means that you can tailor your franchise to your personal budget. With many low-cost food franchises as well as more extravagant options, some franchises are suited to everyone who wants to run their own business in the food industry.
What’s more, as a franchisee you will be able to enjoy the flexibility of being your own boss whilst simultaneously having support from your franchisor. This means that you will receive significant training, knowledge and help with marketing and recruitment strategies. At the same time, you will be able to set the working hours that are ideal for your lifestyle. Ultimately, you can be successful in a lucrative career that you love.