Cooking Up Business Opportunities
Franchise Journal
APRIL 1, 2023
As of 2023, there were an estimated 201,865 fast food restaurant businesses in the US, a figure expected to continue to increase with an expected compound annual growth rate (CAGR) of 5.1% Increases in food costs due to inflation and labor shortages also must be navigated. Franchises benefit from flat weekly royalty fees.
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