IN ADDITION TO LONGTIME WELL-KNOWN PLAYERS LIKE McDonald's and Pizza Hut, new franchised food concepts are popping up and becoming successful every day--from quick-service restaurants to full-dining experiences. Quick-service food franchise opportunities include fast-food restaurants, ice cream and smoothie parlors, pizza delivery, limited-service eateries, beverage bars, sandwich shops, and on-site baking (i.e., donuts, cookies, and bagels). If you are a foodie looking to buy a franchise, check out these five hot picks:
Buffalo Wild Wings is an American casual dining restaurant and sports bar franchise in the U.S., Canada, Mexico, and the Philippines that specializes in chicken wings and sauces. Buffalo Wild Wings will help qualified investors identify and develop the right location with site selection, design and construction, guidance in securing liquor licenses, grand-opening promotions, and ongoing operational and management tools. The initial franchise fee is $40,000 for a single restaurant, with volume discounts for larger store networks. Total investment ranges from $800,000 to $2.4 million, with a liquid requirement of $750,000 and net worth of $800,000.
Papa John's Pizza is a chain of take-out and delivery restaurants. Depending on the number of units you wish to open, you must have a minimum net worth of $250,000. The initial franchise fee is $25,000 per unit for a standard Papa John's restaurant. An average unit located in a strip center costs approximately $2 50,000, depending on the size of the unit and the geographical area.
Subway is a fast-food restaurant...