Quick Service Restaurants: Fast and Fresh Franchising

Quick service restaurants (QSR), known generally as fast food, have undergone a lot of changes lately. That’s because they’re constantly updating their products and programs in response to consumer preferences and tastes. For example, as more brands and customers realize it’s possible to serve nutritious food with speed, the image of a tray full of fried fare is becoming a side choice, rather than an entire menu.

In Canada, the quick service industry is expected to grow to $56.9 billion by 2027, with Restaurants Canada predicting that sales at quick service restaurants will increase 14 per cent through 2023, and food service sales expected to grow to a record $86.3 billion, accounting for post-COVID demand.

Furthermore, new quick service formats promise franchisees plenty of options in this sector. Ghost or cloud kitchens, for example, allow multiple brands to operate under one roof with one employee, allowing consumers a range of choices while keeping rental and labour costs low for franchisees. Concepts like these are expected to hold a 50 per cent share of worldwide drive-thru and takeout foodservice markets worldwide by 2030, according to Statista.

Read on to learn more about the new developments in quick service and why prospective franchisees should consider investing in the QSR industry!