When we talk about successful franchise models, the first few names that strike our mind are that of the food & beverage industry. Food and beverage industry uses the franchising concept more than any other industry. You will be amazed to find the number of popular food chains available out there as you look around the market place. There are many popular brands such as KFC, Subway, Starbucks, Pizza Hut and so on.
Let’s discuss a few popular F&B franchise business models. Among all different food franchise businesses, KFC franchise is one of the most popular brands both among young and adults.Kentucky Fried Chicken (KFC) franchise comes under the umbrella of the Yum Brands Empire. Yum Brands is the largest restaurant franchise system in the world. KFC franchises are located in over 80 countries worldwide and have sister franchises like Pizza Hut, Taco Bell, Long John Silvers and A&W.
Kentucky Fried Chicken is one of the world's earliest fast food restaurants and one of the best because of their original recipes and top of the line customer service. Kentucky Fried Chicken has been serving the masses since the 1930's and now has hundreds of branches around the world serving millions of customers. If you are on a look out for a fast food franchise then Kentucky Fried Chicken is one of the best choices. It has a stellar reputation and has a proven track record of success. KFC is fast gaining popularity in India, especially over the last decade.
Subway franchise is another popular food franchise option. Subway, a world famous fresh sandwich franchise is best known for offering healthy meals made fresh. Created in 1965 by a college freshman, the first restaurant opened in Bridgeport, Connecticut and was called Pete's Super Submarines. In 1974 the company changed the name to Subway and the first Subway franchise store opened in Wallingford, Connecticut. From humble beginnings to international fame, there are currently over 31,000 restaurants in 90 different countries.
The variety of food being served in the Subway franchisees has a blend of its own and the brand boasts of uniqueness in its product quality. When it comes to price, their prices are comparable to other leading restaurants in India; however there are very few competing in the health genre, which is now catching up with Urban India.
One of the popular names in the beverage franchise sector is Starbucks franchise. Star Bucks Corporation has 1000s of stores and kiosks all around the United States and Canada. The company is not famous for its franchising stores, but an entrepreneur that determined to sell best coffee can continue to achieve this through getting a Local cafe licensed store. This type of store could be almost in distinguishable from the company-possessed and operated Local cafe store.
On the international level, the company licenses the use of its products, offers joint venture programs, and also hosts a number of company owned stores. Mode of doing business of Starbucks franchise is changing. Starbucks is aware about the client’s growing health consciousness, and has now a wide variety of beverages to offer not containing caffeine.
Starbucks Coffee Company is fairly strict with its licensing program. The company scrutinizes in details the finances of those interested in opening a licensed store, taking into consideration the amount of funds that are available as a down-payment as well as the amount of loan money required.
At present, the food sector offers a great opportunity for aspiring franchisees like you. However, as with any other business venture; it will be a wise step on your part to do your groundwork before taking up any food franchise. Think about your strengths and weakness and then look for a good option that matches with your interest and skills.