After hitting the web in early July, the 2016 Food Franchise Industry Report made waves in the world of fast food businesses. Not only has the fast food industry experienced significant growth in the past year, but the report also highlights that now is a better time than ever to invest in a food franchise – particularly those like Bruges Waffles and Frites, full-service franchises that specialize in bakery and breakfast items.
Below is a brief recap of the 2016 Food Franchise Industry Report.
When McDonald’s started serving breakfast all day in October 2015, they hoped to see their sales increase and their customer base boom; that’s exactly what they saw. In the first quarter of 2016 alone, the world-famous golden arches recorded an unprecedented 35% profit growth.
As exemplified by McDonald’s stunning turnaround after a two-year sales dip, consumers want more breakfast options despite the time of day. In fact, experts predict that breakfast and morning snack consumption are expected to grow by at least 5% over the next three years. Bruges Waffles & Frites has been serving breakfast since the business started in 2004. With over a dozen fresh-baked breakfast options available throughout the day, the Bruges Franchise is ahead of the all-day morning-cravings curb.
Full-service Franchises Expected To Find Success
Full-service franchise establishments are expected to experience a 6.3% growth in 2016 – in other terms, another 38,244 full-service franchises will join the industry by January 1, 2017. From casual family-style restaurants to upscale eateries, full-service franchises are the largest growing segment of the three core areas that make up 33% of the total franchise industry. As a community-favorite restaurant, Bruges’ offers everything from sweet, authentic Belgian waffles and warm, salty frites, to hardy waffle sandwiches and notorious Belgian cuisine. Diners are encouraged to enjoy their meal from the comfort of Bruges old world ambiance or wait amongst the aromas of melting butter and caramelizing sugar for a mouthwatering meal to-go – making Bruges the ideal full-service franchise.
Striving For Quick(er) Service
Along with full service and retail food franchises, the quick service – or fast food – franchise industry is a core element of total franchise establishments. Quick service restaurants (QSR) make up an estimated 20% of U.S. franchises and are expected to grow 1.5% in 2016. Unlike retail food franchises, QSRs typically offer customers delivery and take-out options that make immediate consumption possible. Some QSR franchises like Bruges Waffles & Frites also provide limited seating where guests can enjoy a warm, on-site meal.
Becoming A Franchisee
Overall, the 2016 Food Franchise Industry Report highlights that there is no better time than now to invest in a food franchise. As a full-service franchise that serves authentic Belgian breakfast foods, tasty sandwiches and more, Bruges is the ideal franchise to invest in. Contact us today to learn why Bruges Waffles & Frites is one of the fastest growing franchise opportunities and become part of our family, today!