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The Restaurant Franchise Sector:Continuous Growth
The Restaurant Franchise Sector Continues to Grow
Each year, Americans spend over $680 billion eating out or carrying in from a wide array of restaurants – many of which are franchise locations.
Not only has the franchising industry been experiencing growth throughout the past year, but the restaurant sector specifically has been exceeding expectations and thriving.
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By the end of 2014, the number of new franchise jobs is expected to surpass the total private segment employment growth by 0.3 percent – adding close to 200,000 new jobs to the market. Approximately 76,000 of these new jobs are expected to come from the quick service segment.
Quick service restaurants include limited service eating places, cafeterias, fast-food restaurants, carryout establishments etc. Not only are these types of franchise establishments one of the easiest for consumers to recognize, but this restaurant franchise model is also one of the fastest growing sales wise. The quick service restaurant sector experienced a 6.1 percent growth in 2013, according to the International Franchise Association (IFA) Franchise Business Economic
Outlook for 2014.
The pizza segment of the restaurant franchise industry is similarly flourishing. Prospective pizza industry entrepreneurs are turning to the franchise industry model for a variety of different reasons. Established business models, ability to utilize available resources and access to marketing collateral remain among the top rated advantages of investing in a pizza franchise model. Today, pizza franchises account for 60 percent of pizza sales in the U.S. – despite only encompassing 47 percent of the total amount of pizzerias. This shows the promise of adopting a franchise business model when aspiring to go into the pizza business.
The Restaurant Franchise Segment Growth02
The Papa Murphy’s Take ‘N’ Bake ModelMost of the time, food tastes the best when it comes fresh out of the oven, and this is why take ‘n’ bake franchise concepts are finding success. Papa Murphy’s has thrived with the take ‘n’ bake franchise opportunity and offers both convenience and quality food to consumers. Papa Murphy’s franchise offers customers the unique experience of being able to see their pizza being made with the freshest ingredients before their eyes and then taking it to bake in the comfort of their own homes.
Papa Murphy’s business model was built around this comfort and has experienced a large amount of achievement and satisfaction with its consumers. Consumers have voted Papa Murphy’s as the “#1 Pizza Chain” in several national surveys year after year including Consumer Report, Zagat and Nation’s Restaurant News Consumer Picks Survey. With the take ‘n’ bake concept, mothers are able to feel achievement by having the ability to bake the product themselves.
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Papa Murphy’s Take-N-Bake-FranchiseA take ‘n’ bake pizza concept is attractive to many because of its simplistic operations model. Because there is no actual cooking done at the restaurant, Papa Murphy’s franchises eliminate typical restaurant annoyances with no ovens, no delivery, no dining room and no late hours. Papa Murphy’s also recently unveiled its new store model, incorporating extended service lines, glass refrigerators, digital menu boards and lively and modernized décor – making visiting a Papa Murphy’s franchise location a positive experience for the consumer and franchisee.
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Email: [email protected]
Call: 877.777.5062
Request more info at: http://papamurphysfranchise.com/Apply-Now
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