It appears that the UK is in the middle of a food revolution. Gone are the days of spending money on cigarettes and alcohol. Brits are enjoying quality time with family and friends choosing to spend their hard-earned cash at restaurants and cafes.
According to the Office for National Statistics, the average household spends £45 a week eating out, the highest it’s been in five years. The increase in spending is partly down to the fact that people are preferring to splurge on having experiences rather than buying tangible items. Eating out is no longer saved for special occasions but has become a standard part of everyday life.
And there are a wealth of restaurants offering a vast variety of different cuisines to suit all taste buds. There are currently more than 56,000 restaurants in the UK. Add to that 100,000 pubs, takeaways and cafés, and it’s no surprise that Brits are taking pleasure in sharing fun and food with friends.
Food glorious food
The UK’s love of food, coupled with our busy lifestyles, mean that fast food outlets such as McDonald’s, Subway and Wimpy are still as popular as ever. This is why franchise opportunities in the Quick Service Restaurant (QSR) sector are so profitable. The quality and consistency of the products and service mean that fans of the fast food brands return again and again.
And it’s not just burgers that consumers want in a hurry. Spend on contemporary fast food is also on the rise. Consumers are seeking specific and quality food from restaurants such as Wok & Go and Wolf. So much so, in fact, that a massive £607 million was spent on contemporary fast food outlets in 2016, an increase of 25% from the previous year.
When it comes to dining in, Italian restaurants such as Bella Italia and pizza outlets like Papa John’s remain the nation’s favourite. However, there has been a clear shift in trends to the North American style of restaurants specialising in burgers and steaks like Loaded Burgers.
Consumers are hungry for more.
It’s not just convenience and value that consumers want from food franchises though. Brits have become more informed about food trends and styles, and more demanding of good service and a first-class experience, so the pressure is on to meet expectations.
This is why buying a food franchise is a great opportunity. As a franchisee, you receive all the training and support you need to get your business off the ground. You don’t need to come up with a concept for your restaurant or create a menu from scratch. Most of the hard work will have been done for you.
With consumers increasingly wanting their food to be perfectly presented ready to share on social media, you can focus on providing them with the best service possible. You just need to follow the tried and tested franchise system with a proven track record of success while being committed to making your business successful and profitable.
https://www.pointfranchise.co.uk/I-231-food-franchise/