Even as Americans become more health conscious, burger franchises remain a significant part of the restaurant industry. The franchise burger business is huge, with more than $122 billion in annual sales in the United States according to market research.
What is a Burger Franchise?
Most fast-food restaurants operate under the franchise model. With a franchise, you don’t own the restaurant itself. The franchise is typically owned by a businessperson. A franchisee, then, takes on all the financial and operational responsibilities of running the restaurant and setting the standards and policies.
Fast-food franchises are among the most lucrative franchise opportunities. McDonald’s and Burger King currently each rake in more than $7 billion in annual sales each. However, the majority of burger restaurants in the United States are franchises rather than franchises of other restaurants. The biggest chains include McDonald’s, Wendy’s, Burger King, Jack in the Box, and Checkers.
Why franchise a burger business?
Burgers are a fixture in the U.S. Burger restaurants appeal to customers of all ages, genders, and income levels.
The benefits to a franchise are many:
- Cost control
- Quality control
- Customer service Guidance on how to franchise your concept.
- Education on what makes a great brand
The motivation is simply to grow. You don’t need a lot of capital. Small business ownership gives you that entrepreneurial spirit. Franchise opportunities are always available. One of the primary benefits of franchising is that you can leverage other people’s capital while retaining control of y9our investment.
At-home entrepreneurs can actually generate some income without having to work!
How do I Start a Burger Restaurant?
There are a number of factors in choosing the burger franchise opportunity that’s best for you. A good place to start in choosing which franchise is right for you is to study a market research report such as one found at IBIS World.
Most often, the franchise model is the way to go. That includes two options:
The first is to buy an existing restaurant. Once the purchase of an existing restaurant is complete, the franchisee then has to purchase a building to serve as a restaurant location.
Another option is to form a corporation and name a local independent owner to manage the brand and build the restaurant. This is commonly called a franchise agreement. Even with all the options, the franchisee still needs a lot of money to operate the restaurant. A typical franchise has more than 500 locations, and prices can range from $1.
The Restaurant Industry is subject to many factors, but successful franchise operations know how to thrive in that environment. Burger franchises provide a well-deserved advantage with successful franchise businesses enjoying economies of scale and resources to market. With a little research, the right capital, and a lot of old-fashioned work ethic, there’s a burger franchise opportunity that’s tailor-made for your entrepreneurial spirit.