What is the Most Popular Restaurant Franchise?
There are many answers to the question of which restaurant franchise is most popular. McDonald’s, Dairy Queen, Pizza Hut, and Applebee’s are just a few. Surprised to learn that over the years, hundreds of stores were closed by McDonald’s and Applebee’s as well as Dairy Queen. Which chain has the most loyal customers? If you’re interested in finding out, this article is for you.
McDonald’s
Owning a franchise in the world’s most renowned restaurant is a great investment. For example, franchise fees vary from US$1 million to US$2.2 million, depending on the level of franchisee investment. Its reliance upon technology has resulted in innovative products and strategies that have made it the most sought-after restaurant franchise. Franchisees can also save labor costs and improve their processes.
Fast food is a popular option for calories and McDonald’s is a staple of American diets. McDonald’s was founded in 1940 as the first burger joint. This was the beginning of McDonald’s meteoric rise. Maurice and Dick McDonald founded the company. The company quickly grew in the USA and Canada, and became a global success. McDonald’s has grown to be one of the biggest employers in the globe, with more than 30,000 franchised outlets.
Applebee’s
Applebee’s is currently the nation’s ninth-largest restaurant chain. Applebee’s has been expanding and innovating, even though many of its rivals have opened ethnic-themed restaurants. The chain has improved delivery times, created new dishes, and now offers a Weight Watchers Menu with calorie information. Applebee’s has been around for more than 50 year, but it doesn’t come without its critics.
While many competitors have tried to copy the fast-casual and quick-service restaurants, Applebee’s has remained a staple of American dining. The company is also attempting to attract a younger demographic by adding drive-through windows. Applebee’s is still experimenting with the drive-through window, although it’s a new concept for the chain. The drive-thru isn’t as complex as other drive-thru windows at restaurants. Customers who are unable to make it to an Applebee’s location in person will likely order food online, or through the restaurant’s mobile app.
Dairy Queen
The franchisees of Dairy Queen believe that they have the best chicken burgers in the business, and their chicken strip trays come with a sauce and a side of French fries. The food comes in a box or dish and is often topped by small slices of bread. Open-top cups are used to serve chocolate shakes with whipped cream. Dairy Queen is a chain that offers frozen yogurt in over 35,000 locations around the world.
Although the Dairy Queen brand is well-known in fast food, the company has managed growth beyond its roots. Today, it operates more than 6,800 locations in the U.S. and Canada. It is also active internationally with locations in 27 different countries. Despite its success, there have been some issues with the company over the years. Franchisees have criticised the company’s leadership, but it continues to thrive.
Papa John’s
While the pizza industry has been undergoing a major transformation, the most recent quarter has revealed a healthy rebound for the Papa John’s chain. Sales were up 27% during April, the best month in the company’s history. Local governments had suspended permits for new store openings during this same period. Franchise closures were at the lowest level in 10 years, with nine new units closing in Q2 2020, compared to 33 in Q2 2018.
Papa John’s requires a small investment compared to other restaurant chains. A minimum net worth of $250,000 is required to buy a Papa John’s franchise. You also need $75,000 in liquid capital. Also, you will need to have prior business experience, preferably within the retail or restaurant sector. And the startup costs can range anywhere from $525,000 to $2.8 million.