The natural tendency to get bored of eating at home is common, and the urge to order food from fast-food joints is irresistible. Well, all of these tendencies are influenced by factors such as cravings, convenience, and instant satisfaction that you get. Food is the one thing that brings people together. With the globalization of the world, the food industry has seen a sharp rise in growth, productivity, and popularity. There are popular and most profitable food franchises across the globe. Be it a coffee house or a steak house, there are different fast-food franchises to consider. Out of all the types of franchises and industries, the quick-service restaurant (QSR) industry is standing still with upward-inclined growth.
Whether you want to start a food joint, explore the menu of a famous outlet, or decide the best fast-food place to order from, you are at the right place. This article will discuss the growing popularity of quick-service and most profitable food franchises.
Before discussing these franchises, let us understand what a quick-service restaurant QSR is.
What are Quick-Service Restaurants?
Quick-service restaurants, widely regarded as fast-food joints, offer affordable meals with a fixed menu. These places are best for people with busy schedules who want to grab a quick bite on their way to work. QSR’s main feature is to provide a swift dining experience with standardized menus, limited seating, and simple takeaway options. You can order food from these restaurants through online platforms at your convenience. Popular food options are burgers, fries, tacos, sandwiches, and burritos.
What are the most profitable food franchises?
QSRs are considered to be one of the major industries that is showing steady growth and efficiency. They have become popular, especially among youngsters, in major towns and cities.
Here are the 6 widely regarded fast-food restaurants:
1. McDonald’s
The McDonald brothers, Richard and Maurice McDonald, started the food joint in the 1940s. Their idea was simple, to start a chain that provides food through simple menus at affordable prices. The brothers started a speedy service system that included a self-service counter and reduced the waiter/waitress system. It was in 1955 when Ray Kroc joined the brothers in business and helped it expand. Today, there are 37,000 outlets across 119 countries. Popular food items include The Big Mac, Egg Muffin, and apple pie. It is one of the leading chains in the world, making it a go-to place to order food from or collaborate and start a new joint.
Founded: 1940
Company’s Initial Investment: No exact figure is available
Start-up Investment: $45,000
Net worth: $216.57 billion
How Much Mcdonald’s Franchise Owners Really Make Per Year?
2. Subway
How cool is the idea of making a sandwich based on your preferred veggies and toppings? The history dates back to 1965 when a 17-year-old college student named Peter Buck needed money for college. Influenced by the Italian kitchen, Peter started Pete’s Super Submarines in Connecticut. The idea of making sandwiches in front of customers was unique and became an attractive point. Subway has more than 30,000 outlets in over 100 countries and is one of the most profitable food franchises. Most popular food items include Italian B.M.T, Chicken Teriyaki, and Tuna subs. Subway has evolved into the least expensive successful food chain in the world, making it a great option for you to start a branch.
Founded: 1965
Initial Investment: $1,000
Start-up Investment: $15,000
Net Worth: $10.2 billion
3. Dunkin Donuts
Dunkin Donuts is popular among the present generation and is often listed as the most profitable food franchise. It was first started as a coffee and doughnut cafe and relaunched in 1950 with the current name. With strong brand recognition and loyalty, it has more than 10,000 outlets across 40 countries. Dunkin’ has grabbed the attention of customers with its motive of providing good quality coffee and doughnuts. If you are a great fan of this combination, then Dunkin Donuts is the best choice to start with.
Founded: 1948
Initial Investment: $1,000
Start-up Investment: $15,000 (colleges and airports), $40,000 (Restaurants)
Net Worth: $8.77 billion
4. Starbucks
No list would be complete without this food chain. Starbucks is one of the most profitable food franchises ever and is the most popular among the millennials and the GenZ generation. It was first started with the motive of selling coffee beans but later transformed into an Italian Cafe. The company popularized the concept of cafe culture. With a pleasant atmosphere and unique menu, Starbucks t has established a significant name in the coffee house industry. There are more than 35,000 outlets worldwide.
Founded: 1994
Initial Investment: No exact figure is available
Start-up Investment: $40,000
Net Worth: $109.03 billion
5. Taco Bell
Taco Bell is one of the most well-known and the most profitable food franchises in the world. It is an American outlet based in California that offers Mexican-based food, especially tacos and burritos. The most attractive customers are the millennials and Genz. It was started by Glen Bell, who shifted from selling hamburgers to introducing Mexican food. This shift was mainly to stand out in the race with McDonald’s. It sure has emerged itself as a successful and unique fast-food joint. Taco Bell’s growth has been steady and it has opened 417 new outlets in 25 countries. Are you a fan of Mexican food and looking for the best tacos? Then Taco Bell is the perfect choice to taste the flavors of Mexico!
Founded: 1962
Initial Investment: No exact figure is available
Start-up Investment: $20,000-$40,000
Net Worth: $38.02 billion
Things to consider while choosing a food franchise
Investing in fast-food joints is a good choice to start a business. There are some popular and most profitable food franchises worldwide. Before starting the business, be clear on what type of joint you would like to open.
Some other things to consider while ordering food or when starting a joint:
- Brand Reputation
- Financial Performance Analysis
- Location
- Franchise Support
- Customer Satisfaction
Conclusion
The quick-service restaurant (QSR) has seen significant growth in recent times. The simple motive of providing food at affordable rates and a limited seating environment is drawing people’s attention. QSRs are the best choice for people with busy schedules. They developed into successful enterprises over the years, offering unique menu options in pleasant atmospheric conditions. Some of the most profitable food franchises are McD, Starbucks, and Taco Bell. Whether you want to grab a quick bite or want to work at a cafe with a pleasant environment, these places are the perfect options to consider. Not only confined to this, these are a great choice to start your business venture.
