The pizza industry been extremely popular from the beginning, and in recent years, it seems their popularity is only rising. In 2020, the industry’s sales were about 46.3 billion, an 1.33% increase from the 2019 total sales of around 45.7 billion. More pizza stores opened this year. In fact, the numbers are up 1.34% from 2019. This growth rate is projected to increase to 9.01% in North America by 2023. In addition, the worldwide pizza market is projected to reach 223 billion by 2023. This projected growth is attributed to the growing urban populations, the worldwide trend of an increase in disposable income, and the rise in online ordering, among other things.
As the years go on, customer demands are changing. In recent years, the health and sustainability movements have been driving the demand for plant-based options in many restaurants. Only about 5% of American adults are currently vegetarians; however, the number of “flexitarians” (people who want both plant based and meat based options) is rapidly increasing. approximately 25% of Americans eat and drink both plant-based and animal proteins daily. Thus, the demand for plant based protein options in pizza restaurants is increasing.
The Paid-in-Full Rate is when the SBA loan is fully paid off by the small business owner including interest, indicating financial strength.
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the small business owner.
For every 8 SBA loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.
-SBA Loan Data from 2010-2019
-Non-Franchise Businesses taken into account: 44,851
Average Food Franchise Industry Percentage Fee
Standard Food Franchise Industry Investment
This metric is the standard industry investment amount for a single unit franchise investment in this industry. Our research and analytics team analyzed over 523 franchise concept investment breakdowns in order to calculate this figure.
The Paid-in-Full Rate is when the SBA loan is fully paid off by the franchisee including interest, indicating financial strength.
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the franchisee.
For every 9 SBA franchise loans fully paid including interest, 1 SBA franchise loan was unable to be paid back, or defaulted.
-SBA Franchise Loan Data from 2010-2019
-Franchise Businesses taken into account: 15,203
Learn more about the Food & Beverage Industry
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