Top Bar and Grill Franchise Opportunities of 2022

Franchising is a growing industry, with opportunities in various sectors, including food service, retail, and more.

Read the original at 1851 Franchise
Top Bar and Grill Franchise Opportunities of 2022

TL;DR

The franchising industry is poised for a big year in 2022, with restaurant franchises potentially seeing significant growth due to increased consumer spending. Data from Datassential forecasts $771 billion in restaurant spending in 2022.

For the millions of Americans quitting their jobs in search of a better work-life balance, increased autonomy and greater opportunity, franchises present a compelling option. Some of the benefits of owning a franchise include a built-in customer base, instant brand recognition, no experience necessary to get started and generous franchisor support and training. The franchising industry is poised for a big year in 2022, but there is one sector that is not getting much attention but may have tremendous potential.

Data from Chicago-based market research firm Datassential forecasts that consumers will spend $771 billion in restaurants in 2022 — an increase from the $608 billion spent in 2020 and the $701.4 billion in 2021. This suggests that restaurant franchises could be in store for a big year in 2022.

Many of us grew up near a local bar and grill that was a community staple. Some have exploded into national brands. Others are still small-town haunts that are rapidly expanding. One thing they all have in common is that they represent opportunities for potential franchisees.

  • Startup Costs: $1,455,000 – $1,757,500

  • Startup Costs: $1,300,000 to $3,600,000

  • Startup Costs: $1,280,000–$2,412,000

  • Startup Costs: $1,200,000–$2,500,000

  • Startup Costs: $1,145,000 to $3,017,000

  • Startup Costs: $923,500 to $3,707,333

  • Startup Costs: $806,825 to $1,288,350

  • Startup Costs: $780,925 to $1,318,525

  • Startup Costs: $450,000 to $2,500,000

In this story

This story was originally published in 1851 Franchise on March 17, 2022. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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