The year 2020 was undoubtedly a challenging year for many businesses, including many restaurants. The recent pandemic has pushed many restaurants to lay off workers while others closed down for good.
However, the year 2021 seems more promising with the rollout of vaccines, and investors are warming up to favorable business conditions. Moreover, the government has also relaxed some of the rules that led to the closure of the restaurant business.
Generally, we can see good tidings towards the end of 2021 as far as the restaurant business is concerned.
With that said, continue reading this article to discover why 2021 is a good year for franchising and the different establishments you should consider.
Factors That Make Restaurant Franchising a Good Idea in 2021
Although the struggles brought upon the pandemic aren’t entirely gone, recent developments have made franchising a good idea for entrepreneurs once again.
Here are some of the factors that make restaurant franchising a good idea in 2021.
1. Available Workforce
The first objective of running any business is to make profits through reducing costs and maximizing sales. In this case, reducing costs can be achieved by acquiring affordable yet still high-quality resources to improve productivity.
With so many people suffering layoffs in the restaurant business for the last year, restaurant franchisers now have a broader workforce pool where they can select the best talent and offer reasonable wages.
2. Business Security
If someone is asked to name a restaurant, big names and famous restaurants will be first because famous restaurants have decent franchiser systems. That allows investors to join the team and enjoy the perks of being prominent names in the industry.
In addition, these restaurants offer various options for the customers, such as online ordering, delivery, and unique packaging. On the other hand, investors can also enjoy the numerous benefits of franchising, such as branding and marketing.
With big businesses, the burden of trial and error is not much of a concern. Therefore, it is easier to focus on maximizing sales.
Moreover, an investor doesn’t need to worry about anything since it will effortlessly garner customers, especially with the pandemic’s looming uncertainty.
Last year, the government had to dig deeper into its pockets and offer financial relief to business owners. Because of this, businesses looking for expansion can take advantage of the many available funding options designed for pandemic relief.
Loans are now more accessible than ever and accompanied by enticing low-interest rates that are incredible deals for franchisers.
In addition, there is plenty of online information that franchisers can use to educate themselves on numerous business opportunities and trends. Moreover, this information can assist franchisers in making crucial decisions about brands that are doing well in the market and find out what will work best for them.
Bets Food Franchises to Purchase in 2021
After amassing the above information, franchisers need to know where to invest their money wisely.
With that said, below is a list of the best food franchises to buy in 2021 that can help entrepreneurs maximize profits and other business-related benefits.
1. Huckin’ Shack
Huckin’ Shack brings in vocational experience using a restaurant. The best thing about this business is that it focuses on bringing together all types of people that want to have fun. Here, people can spend quality time and enjoy their favorite seafood dishes.
Plus, with the more outdoor concept customers flock to these restaurants with health protocols, this is a fantastic place to unwind and have an outdoor feeling. Customers flock to
these restaurants with fresh and high-quality food products, while a franchiser can enjoy the profits and beach vibe.
With over 18,000 stores globally, Domino’s can help franchisers expand exponentially. After all, it has become one of the largest pizza restaurant chains in recent years, with attractive offers that make customers love its services.
Moreover, the brand is a highly recognized global brand, thanks to its speedy pizza delivery services. So, franchisers can never go wrong when investing in this brand since they have a proven track record and numerous sales.
In addition, the business model of Domino’s is one of a kind and straightforward. They aim at serving quality food at competitive prices accompanied by efficient services. Its extensive franchise network also allows more investors to partner with them.
People won’t fail to recognize the efforts McDonald’s put into their business. McDonald’s is undoubtedly a household name, and you are sure to find one in every US city. McDonald’s is also recognized as a premier franchising company franchisees operate —90% of its restaurants.
This trend speaks volumes about the ability of the restaurant to manage franchisers effectively. Therefore, it can be a good match for new investors that want to franchise restaurants.
Other than that, Mcdonald’s is famous for its delicious food with affordable price tags. Customers have various options to choose from with their menu. So, if they feel like changing from burgers, they can enjoy the golden arches and other delicious food on the menu.
4. Little Caesars
Little Caesars is not little anymore but has instead expanded internationally, thanks to its numerous fans worldwide. Going by the recent statistics, it’s currently ranked as the third-largest pizza chain in the United States.
Aside from this, the brand has a franchising system that is both flexible and desirable. Moreover, their Veteran program also shows how much the brand cares for the community. Who would not want to partner with such a fantastic brand?
The American-based restaurant is a multinational chain that specializes in ice cream and cakes. In addition, the brand has a franchising system that looks out for investors willing to collaborate with them and promote the joy of eating ice cream to their customers.
Moreover, Baskin-Robbins focuses on maintaining operational excellence and guest satisfaction. The firm wishes to dive into the local communities, thus offering a huge opportunity to investors.
6. Your Pie Pizza
The US-based pizza company is committed to ensuring that customers enjoy great-tasting pizza. Using healthy ingredients in its products, the brand has expanded its customer base for people looking to eat a healthier diet.
Moreover, their customized pizzas are created with customer’s preferred ingredients, endearing to many of their customers. Aside from this, the brand offers a flexible franchise system that allows more investors to join the fastest-growing pizza restaurant.
Founded in 1980, Fuddruckers aims at delivering delicious burgers to their customers. Over time, the restaurant has also expanded its operations to North, South, and Central America.
Since the company won impressive rewards for its unique burgers and topping on the franchise list, more and more investors are looking for chances to partner with them.
Moreover, thanks to the vast customer base of the firm, any incoming franchisers are destined to earn high profits.
8. Noodles & Co.
The US-based restaurant with over 60 franchised units in the region is a fast-growing noodle and fast-food chain.
The open customer’s new growth strategy seeks to attract more franchisers to target a 7% growth in 2021. So, this is a fantastic opportunity for investors looking for franchising companies.
Moreover, the company has expanded its services and is currently offering online ordering accompanied by a digital rewards program to attract more customers.
Will 2021 be your year?
Investing in a restaurant franchise can be an incredible option in 2021 because of the resources and opportunities available. In addition, joining the already top-performing brands can help maximize sales because of the existing demand.
With that said, as the restaurant industry’s demand continually rises, investors can be assured of reaping huge profits. So, investors should look out for such opportunities because they are guaranteed to enjoy massive support from these brands.