Trends and Facts About Restaurant Franchises
The restaurant industry is a tough industry to break into, but it is made easier with the help of a franchise. A franchise opportunity will provide you with the support, guidance, and know-how not typically afforded to those who go it alone. Entrepreneurs interested in opening a restaurant franchise can take a look at the facts and trends below to learn more about the bustling restaurant franchise industry.
The restaurant industry is separated into three main categories:
- Quick Service Restaurants (QSRs): QSR franchises are more commonly known as fast food restaurants. They are the most common type of restaurant in Canada. You can identify a QSR franchise by the functionality of the concept: menus are typically limited, customers order at the counter, interior design is simple, and there is often a drive-thru component.
- Full Service Restaurants (FSRs): FSR franchises are the smallest segment by number of locations in Canada. These restaurants cover a wide range price range, from casual family restaurants to fine dining, and are characterised by providing table service to their customers.
- Fast Casual Restaurants: Fast Casual restaurant franchises are a little like QSRs and a little like FSRs. They aim to offer higher quality food at lower prices while still maintaining a casual atmosphere and quick service. Fast Casual restaurants do not typically have standard table service, but they may bring food out to their customers’ tables.
Healthy food is a huge trend in the restaurant industry. Canadian consumers look for restaurants that have fresh foods, no hormones or antibiotics, and local beef and produce. Restaurant franchises have been responding to consumer desires by getting rid of artificial preservatives and unhealthy ingredients.