QSR (Quick Service Restaurant) franchise establishments have become an integral part of the US economy. According to statistics, there are over 200,000 QSR franchises in the United States and they are expected to generate $273 billion in revenue by 2021. In 2019, 63% of all restaurants in the US were quick service establishments with McDonald’s being the largest franchise with 13,486 locations as of 2020. Additionally, 25% of American adults consume quick-service restaurants at least once per week while Subway is ranked second-largest QSR franchise with 22 thousand locations as of 2021.
Furthermore, more than 60% offer drive-thru services and spend between $163k-$304k on annual advertising per location; generating a total system wide sales worth over 318 billion dollars from top 500 franchises alone. KFC and Taco Bell rank third and fourth respectively for franchising numbers within America – 4284 & 7072 units respectively – whilst Chick Fil A was found to be highest grossing averaging around 4 million 5 hundred thousand dollars annually per unit.
In 2016 it was estimated that average net profit for each establishment stood at 82K USD whereas Americans spent 324 Billion Dollars on fast food consumption expenditure which is projected to increase up till 567 Billion by 2025 according to Statista’s report published back then. Moreover 42 percent planed investing into customer facing technology such as self service kiosks or mobile payments along side tripling online/mobile ordering since 2014 itself. Finally employment rate stands tall too – Over 4 Million 37 Thousand people employed across USA during 2020 due Bureau Of Labor Statistics data analysis reports released last year..
Qsr Franchise Establishments In The Us Statistics Overview
In 2019, there were approximately 1,039,975 restaurants in the United States, with 63% (656,854) of them being quick service establishments.
This statistic is a crucial piece of information when discussing QSR franchise establishments in the US, as it provides a clear indication of the size of the market. It shows that there is a large number of restaurants in the US, and that the majority of them are quick service establishments. This indicates that there is a great potential for QSR franchises to succeed in the US, as there is a large customer base already in place.
25% of US adults consume quick service restaurants at least once per week.
This statistic is a crucial piece of information when discussing QSR franchise establishments in the US, as it demonstrates the potential customer base for these businesses. It highlights the fact that a quarter of US adults are frequent customers of quick service restaurants, indicating that there is a large market for these establishments. Furthermore, this statistic can be used to inform decisions about where to open new franchises, as well as how to market them.
McDonald’s is the largest quick-service franchise in the US with 13,486 locations as of 2020.
This statistic is a testament to the success of McDonald’s as a quick-service franchise in the US. It highlights the fact that McDonald’s has been able to establish itself as the leading franchise in the US, with a large number of locations across the country. This is an important statistic to consider when discussing QSR franchise establishments in the US, as it provides a benchmark for other franchises to strive for.
Subway is the second-largest QSR franchise in the US with over 22,000 locations as of 2021.
This statistic is a testament to the success of Subway as a QSR franchise in the US. It shows that Subway has been able to establish itself as a major player in the QSR industry, with over 22,000 locations across the country. This statistic is important to consider when discussing the overall landscape of QSR franchises in the US, as it demonstrates the reach and influence of Subway in the market.
Over 60% of QSR franchise establishments in the US offer drive-thru services.
This statistic is significant in the context of a blog post about QSR franchise establishments in the US because it highlights the prevalence of drive-thru services in the industry. It demonstrates that the majority of QSR franchise establishments are catering to customers who prefer the convenience of drive-thru services, and that this is an important factor for potential franchisees to consider when deciding which franchise to invest in.
The average quick-service franchise spends between $163,999 and $304,246 on annual advertising per location.
This statistic is an important indicator of the financial commitment required to successfully market a quick-service franchise. It provides insight into the amount of money that must be allocated to advertising in order to reach potential customers and maintain a competitive edge in the industry. This information is essential for anyone considering investing in a QSR franchise, as it can help them to plan their budget and determine the best way to allocate their resources.
The top 500 QSR franchise establishments in the US generated over $318 billion in system-wide sales in 2019.
This statistic is a testament to the immense success of QSR franchise establishments in the US. It highlights the sheer size of the industry and the amount of money it generates, demonstrating the potential for growth and profitability for those looking to invest in a QSR franchise. It also serves as a reminder of the importance of the QSR industry in the US economy, and the impact it has on the lives of millions of people.
By the end of 2020, KFC and Taco Bell ranked third and fourth in terms of QSR franchising in the US, with 4,284 and 7,072 locations, respectively.
This statistic is a testament to the success of KFC and Taco Bell in the QSR franchising industry in the US. It shows that these two brands have managed to establish a strong presence in the market, with a combined total of 11,356 locations. This is a clear indication that these two brands have been able to capture a significant share of the QSR franchising market in the US. This information is important for anyone looking to invest in the QSR franchising industry, as it provides an insight into the current market dynamics and the potential for success.
In 2016, the average annual net profit per location for QSR franchise establishments was estimated at $82,033.
This statistic is a valuable insight into the potential success of QSR franchise establishments in the US. It provides a clear indication of the average annual net profit that can be expected from such an investment, allowing potential franchisees to make an informed decision about whether or not to pursue this business opportunity. Furthermore, it serves as a benchmark for existing franchisees to measure their own performance against.
In 2020, Chick-fil-A was the highest-grossing QSR franchise in the US, averaging about $4.5 million in revenue per location.
This statistic is a testament to the success of Chick-fil-A in the QSR franchise industry in the US. It highlights the impressive revenue that each location is able to generate, demonstrating the brand’s ability to draw in customers and generate profits. This information is important for anyone looking to invest in a QSR franchise, as it provides an indication of the potential success that can be achieved.
QSR franchises in the US employed over 4.37 million people in 2020.
This statistic is a powerful indicator of the impact QSR franchises have had on the US economy. It shows that these establishments have created a significant number of jobs, providing employment opportunities to millions of people. This is especially important in the current economic climate, where many businesses have been forced to close due to the pandemic. The fact that QSR franchises have been able to remain open and continue to employ people is a testament to their resilience and success.
In 2018, fast food consumption expenditure in the United States was $324 billion, and it is projected to increase to $567 billion by 2025.
This statistic is a clear indication of the potential for growth in the QSR franchise industry in the United States. With fast food consumption expenditure projected to increase by nearly 75% in the next five years, it is clear that there is a large and growing market for QSR franchises. This presents a great opportunity for entrepreneurs looking to invest in the QSR franchise industry, as the potential for success is high.
The average revenue growth rate for the US QSR franchise sector was approximately 1.2% from 2015 to 2020.
This statistic is a crucial indicator of the health of the US QSR franchise sector, providing insight into the sector’s overall performance over the past five years. It is an important piece of information for anyone considering investing in a QSR franchise establishment, as it gives an indication of the potential for growth and profitability. Additionally, it can be used to compare the performance of different QSR franchises, helping potential investors make an informed decision.
The average American spends about $1,200 annually on QSR franchise food.
This statistic is a powerful indicator of the popularity of QSR franchise establishments in the US. It shows that Americans are willing to invest a significant amount of money in these establishments, demonstrating the trust and loyalty they have in the quality of the food and services they provide. This statistic is a testament to the success of QSR franchise establishments in the US and serves as a reminder of their importance in the American economy.
As of 2019, approximately 106.7 million Americans visited QSR franchise establishments at least once per month.
This statistic is a powerful indicator of the popularity of QSR franchise establishments in the US. It shows that a large portion of the population is actively engaging with these establishments on a regular basis, demonstrating the strength of the industry and its appeal to consumers. This data can be used to inform decisions about marketing strategies, product offerings, and other aspects of the business. It also provides insight into the preferences of the American public, which can be used to tailor services and offerings to better meet their needs.
In 2020, 72% of QSR franchise establishments in the US use data analytics for decision-making.
This statistic is a testament to the importance of data analytics in the QSR franchise industry. It shows that the majority of establishments are taking advantage of the insights that data analytics can provide, allowing them to make more informed decisions and stay ahead of the competition. By leveraging data analytics, QSR franchise establishments can gain a better understanding of their customers, optimize their operations, and make more informed decisions that will help them succeed in the long run.
The number of American QSR franchise establishments offering online or mobile ordering has tripled since 2014.
This statistic is a testament to the growing importance of online and mobile ordering for QSR franchise establishments in the US. It shows that more and more businesses are recognizing the need to provide customers with the convenience of ordering food from their phones or computers. This shift in consumer behavior is likely to continue, and QSR franchise establishments must stay ahead of the curve in order to remain competitive.
In 2020, 42% of QSR franchise establishments in the US plan to invest in customer-facing technology such as self-service kiosks and mobile payments.
This statistic is a clear indication that QSR franchise establishments in the US are recognizing the importance of customer-facing technology in the modern age. By investing in self-service kiosks and mobile payments, these establishments are showing their commitment to providing customers with a more convenient and efficient experience. This investment in technology is likely to result in increased customer satisfaction and loyalty, which could lead to increased profits for the franchise.
Conclusion
The US QSR franchise sector is a thriving industry, with over 200,000 establishments generating $273 billion in revenue and employing 4.37 million people in 2020 alone. The top 500 franchises generated over $318 billion in system-wide sales that same year, while the average American spends about $1,200 annually on QSR food. McDonald’s remains the largest quick service restaurant chain with 13,486 locations as of 2020; Subway follows closely behind at 22,000 locations. Additionally, 72% of these restaurants use data analytics for decision making and 42% plan to invest in customer-facing technology such as self-service kiosks and mobile payments by 2021. With an expected growth rate of 1.2%, it’s clear that this sector will continue to be successful well into the future
References
0. – https://www.statista.com
1. – https://www.qsrmagazine.com
2. – https://www..deloitte.com
3. – https://www.hexion.com
4. – https://www.nrn.com
5. – https://www.bls.gov
6. – https://www.ibisworld.com
7. – https://www.franchisedirect.com
8. – https://www.businessinsider.com
9. – https://www.modernrestaurantmanagement.com
10. – https://www.bluemaumau.org
11. – https://www.subway.com
12. – https://www.thesimpledollar.com
