First-time franchise investors often think of fast food as the best initial investment. There’s a reason for this—fast food franchises are some of the most well-known and successful opportunities available. Brands like McDonald’s, Wendy’s and Subway essentially created the modern franchise handbook and have paved the way for success, but these heavy-hitters often require significant capital in order to get going.
If a top tier franchise is out of reach for you, it’s important to know that there are many other food franchises available that are just as lucrative and offer the same resources, support and training materials as the major brands.
“Americans are excited to return to the ways things were before the pandemic. We’re already seeing a big rebound in the food and beverage sector,” said Eric Stites, founder and CEO of Franchise Business Review.
“If your passion is being your own boss, and you’re looking to invest in a business that feeds your passion. I recommend that you consider a food and beverage franchise. Franchises offer a proven business model for success, including the training and support you need, backed by the power of a recognized and respected brand.”
Before you invest in any franchise, Stites notes that it’s critical that you do your research. When you compare brands side by side and carefully consider all franchisee satisfaction ratings, you will be able to find an opportunity that suits your professional goals and personal lifestyle.
Begin your research with Franchise Business Review’s List of Top Food Franchises, and consider these tips for finding the right wings franchise or fast food franchise for you.
Food Franchises: What You Need to Know
Food franchises are often the perfect fit for a first-time franchisee, largely because these brands offer significant ongoing support to business owners. When you invest in a wings franchise or another type of food franchise, you will receive training manuals, marketing materials and support programs that will give you the guidance and structure you need to get your business up and running on the best possible note. In addition, many food franchises will help you select a location that is not in direct competition with another franchise in the area, giving you the ability to attract new customers using a reputable, trusted brand.
Fast food franchises are generally available at all levels, ranging from minimal initial investments and start-up fees to very significant asset requirements. If you are looking to invest in a more affordable brand that still offers a guaranteed success, you might want to consider an East Coast Wings & Grill franchise. This up-and-coming brand is known for its full-service restaurants that feature more than 50 different flavors of chicken wing sauces. Start up fees can range from about $420,000 to $980,000, making it one of the lower-cost fast food franchise opportunities.
Benefits of Investing in Fast Food Franchises
There is a reason why so many people want to begin their adventure in franchising with a fast food restaurant. These are just a few of the benefits of investing in fast food franchises:
- Fast food restaurants are some of the most instantly-recognized brands, which means that consumers immediately trust the products and are willing to frequent your location.
- Food franchises are known for their supportive franchise structures, in which franchisees receive extensive training, marketing materials, technical support and more.
Checkers & Rally’s is a popular fast food franchise for those who are looking to invest beyond the most common and typical fast food franchises. With both a strong national presence and established franchise program, this brand is an easy choice.
Wings Franchise vs. Dessert Franchise: Choosing the Right Food Franchise
Finding the right fast food franchises often boils down to choosing the type of restaurant that you would enjoy yourself. For example, if you are the type of person who enjoys the neighborhood restaurant feel, you might want to consider East Coast Wings & Grill or Chicken Salad Chick franchises. However, if you are more of a dessert person, then you may want to pick a franchise like Bahama Buck’s, which allows you to bring the vacation atmosphere right to your hometown. Choosing a brand that you are passionate about with food that you love will allow you to naturally grow your presence in the local community.
Fast food franchises are a versatile franchise opportunity, because franchise owners often have the ability to set their schedule and create a work-life balance that suits them. With ample training materials, marketing resources and business guides, these franchises are easy to start up and run smoothly from the moment you open the doors. The trick is finding the fast food franchises that complement your personality and allow you to achieve your financial and professional goals.