The QSR Franchise Industry
QSR – Quick Service Restaurants
When we think of fast food, we usually think of burgers and chicken sandwiches, so it may surprise you to know that Hot Dog on a Stick™ holds its own in this huge industry. Eating out is a big part of American culture, and the restaurant industry earns billions in revenue each year at more than one million restaurants across the country. Starting a franchise is one way to get in on this industry, taking your piece of this very lucrative pie.
The Restaurant Industry
As a whole, the restaurant industry earns $799 billion in a year, making up a huge portion of the national economy. In fact, ten percent of the workforce is employed by restaurants. Between one-fourth and one-third of Americans eat out at least once a week, keeping the industry healthy and thriving.
Quick Service Restaurants
In 2015 alone, QSRs generated $200 billion in revenue in the United States. Projections for the industry suggest that it will grow by 2.5% every year until 2020. The QSR faction of the industry consists of fast food, fast casual, and a handful of other categories. Hot Dog on a Stick™ fits in with other fast food brands; although the industry has historically been dominated by hamburgers and fries, changing consumer tastes and expectations have heavily influenced the industry.
With eighty percent of Americans eating fast food once a month, this industry does not appear to be going anywhere. The demographic that eats fast food the most? Young adults ages 18-29. Nearly sixty percent of people in this group eats at fast food restaurants weekly.
With all this industry growth, there are bound to be some areas that are growing faster than others. Indeed, there are geographies that are uniquely poised for fast food franchise growth.
According to QSR Magazine, the top ten growth areas for fast food are:
- Buffalo, New York
- Seattle, Washington
- Rochester, New York
- Portland, Oregon
- Pittsburgh, Pennsylvania
- Philadelphia, Pennsylvania
- Austin, Texas
- Houston, Texas
- Tucson, Arizona
- Boston, Massachusetts
By no means are these the only areas in which a hot dog franchise can expect to grow or thrive. Hot Dog on a Stick™ has business opportunities all across the country! Check out our available territories to see if your area is on the map! Don’t see your city there? Contact us to find out if your area has what it takes to support a Hot Dog on a Stick™.