The 4 Best Burger Franchises
The 4 Best Burger Franchises
We eat a lot of hamburgers, which are a traditional American dish. In reality, Americans consume 50 billion hamburgers a year, which equates to an average of 3 hamburgers a week. Anyone wanting to start their own business might want to consider starting a burger joint, because there is so much business potential in it. However, since most Americans prefer a «regular» burger to something distinctive and different, it cánido be challenging to differentiate your burger joint from the competition. Therefore, instead of opening a lugar de comidas from scratch, many people choose to open a franchise.
There are several advantages to opening a lugar de comidas franchise, including economies of scale in purchasing supplies, a well-established business strategy that has already proven successful, and a brand name that is already known to customers. Most people believe that franchising involves running a business «for» but not «by» oneself. However, there are a wide variety of burger franchises to choose from, so make sure you weigh all the alternatives before settling on one. In light of this, we’ve identified some of the best burger joint franchises in a number of categories, including highest revenue, fastest growth, least expensive compañia emprendedora costs, and franchisee satisfaction. This guide should help you escoge which franchise is right for you.
[Nota: todos los datos a continuación son solo para ubicaciones de franquicias en los EE. UU., No se incluyen ubicaciones internacionales.]
Top Revenue Burger Franchise: McDonald’s
The first company on our list probably won’t surprise you: McDonald’s is the top-earning burger lugar de comidas and easily one of the best franchises to own. Each McDonald’s earns on average $2.8M a year in revenue. This despite having more than 13,000 locations across the country. According to the company, they sell 7.5 burgers every second!
McDonald’s is often considered the original hamburger franchise, and they are certainly a pioneer in the franchise market. The company was also one of the first (and probably the best) to establish a specific business model for its franchisees, including everything from how long to cook fries to what prices to charge on the menu. With McDonald’s, you’re not exactly going to get a lot of creative freedom in running your lugar de comidas. But what you’ll get is a business model that makes billions of dollars each year, and that almost every American perro recognize from its logotipo alone. This franchise is best for people who are looking for predictability for their business.
Important information
| 2018 # of Locations | 13,914 | Av. Sales/Location | $2.8M |
| 2018 # New locations | -122 | Total setup costs | $1M – $2.2M |
| Required Liquid Assets | $500,000 | franchise fee | $45,000 |
| net worth required | N/A | ongoing fees | Average 10.7% of sales |
Fastest Growing Burger Franchise: The Habit Burger Grill
When looking for franchise companies to join, an important aspecto is how much growth the business is experiencing. After all, most people would rather join a rising company than a failing one. One challenge with some of the more well-known burger franchises is that they have already opened thousands of locations and therefore have fewer opportunities for new ones. So if you’re looking for a fast growing burger franchise, you should check out a smaller chain called Habit Burger. Habit Burger is a California-based chain that is strongly associated with the California lifestyle and casual tastes.
Habit Burger is much less well known than competitors like McDonald’s, and only has 272 locations in the United States, 197 of which are in California alone. Thus, the company remains more of a local chain for California than a nationally recognized brand. But while they may be small now, they are growing very fast. In 2018 they added 37 locations -a growth of almost 18%- and in 2019 they added another 29 locations for a growth of almost 12%. And it’s not just growing in multiple locations: In 2018, the company increased its sales by 23%. With all this growth, Habit Burger is a great opportunity for anyone looking to join an up and coming chain.
[Nota: A principios de 2020, Habit Burger fue adquirida por Yum Brands, Inc. Por lo tanto, cualquiera que busque esta franquicia debe verificar que las reglas de franquicia no hayan cambiado.]
Important information
| 2018 # of Locations | 243 | Av. Sales/Location | $1.7M |
| 2018 # New locations | 37 | Total setup costs | $1.2M – $1.4M |
| Required Liquid Assets | $90,000 – $120,000 | franchise fee | $35,000 |
| net worth required | N/A | ongoing fees | 7% of sales |
Burger Franchise With Highest Franchisee Satisfaction: Wendy’s
When it comes to burger joints, there aren’t many more classic than a Wendy’s. Founded in 1969, not only is it one of the oldest burger chains, but it also works hard to maintain the «old time» culture it started with: they always emphasize that they «cut no corners» in making food from quality. They take this literally with their famous square burgers, and the company never freezes the meat to make sure it tastes as fresh as possible. But this chain is not stuck in the past by any means, they also have a crazy game of twitter.
This classic burger chain is not only habitual with customers, but it’s also the top-ranked burger franchise in Franchise Business Review’s Franchise Satisfaction Survey. While their high top is due to several factors, but a big part is the support they provide to their franchisees. For example, franchisees who work with Wendy’s join a supply chain cooperative that helps them get lower prices on supplies and equipment. There is also a Franchisee Advisory Council that represents the franchisee’s interests to Wendy’s leadership. The company is also committed to the community by supporting the Dave Thomas Foundation for Adoption® and to the environment by pledging to disminuye its energy use by 20% by 2025.
Wendy’s is a great option for people looking to open a burger franchise and who want to make sure they enjoy working there.
Important information
| 2018 # of Locations | 6,711 | Av. Sales/Location | $1.6M |
| 2018 # New locations | 77 | Total setup costs | $2M–$2.5M |
| Required Liquid Assets | $2 million | franchise fee | $40,000 |
| net worth required | $5 million | ongoing fees | 8% of sales |
Lowest Startup Cost Burger Franchise: Five Guys
The last burger chain on our list is also committed to fresh, not frozen meat: Five Guys Burgers and Fries. Five Guys serves handmade burgers cooked in only peanut oil. Founded in 1986 by brothers in Arlington, VA, the company began franchising in 2003 and has grown tremendously since then. There are now more than 1,300 Five Guys locations across the country, and it is quickly becoming a well-recognized burger chain for Americans. The company also says it is working on opening 1,500 more locations, though no timeline for that number is given. The company even sells ‘gear’ — T-shirts, bags, and even Christmas decorations — for people who want to tell the world they like the chain.
But Five Guys is not only big and growing, it’s also one of the lowest cost burger franchises to start. Estimated total compañia emprendedora costs range from $306,00 to $716,000, so on average they cánido be expected to be approximately $511,000. While that’s not cheap, it’s much less than the cost of most other burger chains, like McDonald’s, which runs anywhere from $1 million to $2.2 million. Franchisees must also have $250,000 in liquid assets and at least $500,000 net worth to apply to own a Five Guys location. With these initial costs, Five Guys is probably a good choice for people who have already You’ve had a fair amount of financial success in your life and you’re now looking to invest in a bigger business opportunity.
Important information
| 2018 # of Locations | 1,358 | Av. Sales/Location | $1.3M |
| 2018 # New locations | 37 | Total setup costs | $306,000 – $716,000 |
| Required Liquid Assets | $250,000 | franchise fee | $25,000 |
| net worth required | $500,000 | ongoing fees | ~6% – 8% of sales |
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