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Burger Franchise & Business Opportunities
Burger Franchise and Restaurant Industry
General Burger Franchise Industry
The burger franchise industry covers a wide range of restaurants and businesses, from chain, independent, fast food, and full service, but ultimately they share the common element of serving burgers as their primary menu item. Some restaurants offer pre-made burger options, while others allow customers to “build” their own burger with personalized ingredients. The burger is one of the most popular dishes in the United States, with 71% of all beef consumed in restaurants eaten in the form of a hamburger, and Americans eating approximately 50 billion burgers a year.
Food Industry Trends
Like most other industries, the food service industry took a considerable hit with the pandemic. However, some food service businesses that relied primarily on technology to serve clients encountered a boost in revenue, especially food delivery apps like DoorDash. Nevertheless, food services is expected to make a comeback as COVID-19 cases subside and more people become comfortable with eating out in restaurants again. Fast food chains prevailed surprisingly well despite the shutdown, reflecting their continued dominance in the food services industry.
Key Food Industry Numbers
Paid-in-Full Rate
0
%
The Paid-in-Full Rate is when the SBA loan is fully paid off by the small business owner including interest, indicating financial strength.
Charged Off Rate
0
%
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the small business owner.
SBA Loan Success Ratio
0
:1
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
Burger Industry Trends
Over the past five years, the burger industry has done relatively well as more consumers seek to eat away from home, this trend propelled by the increase in disposable income and consumer spending. The burger industry is projected to rebound even with pandemic caused revenue losses, and decreasing costs in red meat is expected to benefit industry owners all the more. However, one potential source of hindrance comes from the specialized nature of burger restaurants, and as more restaurants offer a greater variety of food, burger restaurants should diversify their offerings in order to stay competitive. Furthermore, trends in healthy and sustainable living will likely lead consumers to want healthy alternatives to a burger, which successful companies have capitalized on by adding “meatless” burgers and other vegetarian options to their menu.Average Food & Beverage Franchise Industry Percentage Fees
Royalty Fee
0
%
Marketing Fee
0
%
Standard Food & Beverage Franchise Industry Investment
$
0
K
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.
Paid-in-Full Rate
0
%
The Paid-in-Full Rate is when the SBA loan is fully paid off by the franchisee including interest, indicating financial strength.
Charged Off Rate
0
%
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the franchisee.
SBA Loan Success Ratio
0
:1
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
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