Despite many people advising against starting a restaurant, the food industry is booming in the United States. In fact, the number of restaurants in the United States has been on a steady increase since 2011. People are simply more interested in quality food than they were in the past. Besides, the common misconception that starting a restaurant is the riskiest business venture in the world has been proven wrong. Here are (number) reasons to get into the trendy food business.
- The health boom is looking for fitting food.
The US is experience a health epidemic during which two-thirds of adults are considered overweight. Out of this haunting reality, a massive surge in health and fitness consciousness has risen. People are joining gyms, focusing on eating healthier foods and changing their entire diets. Startup restaurants are in the leading position to provide this new health craze with the tasty and healthy food that it is demanding.
- New niches are opening up than ever before.
The food industry had remained somewhat unchanged for many recent decades. There were some changes, but newer niches were few and far between. In recent years however, there has been a huge increase in the number of food niches that are available. For example, more people claim to be vegetarian more than ever before. It seems like every day there are new diet fads trending. These new developments are all niche restaurant opportunities that are profitable if marketed correctly. This is a very exciting time to start a business with many possibilities. There is no other time in history when could you have had success with a gluten free meal delivery service.
- Traditional chain restaurants aren’t doing so well.
Many people shy away from starting a restaurant under the assumption that competing with tradition chain restaurants is impossible. The reality is that some of these chain restaurants are not seeing the usual amount of business. The Millennial generation is more attracted to eating at quick-service restaurants or cooking at home than prior generations. This leaves companies such as Applebee’s and Buffalo Wild Wings in trouble. This is where newer, startup restaurants are stealing attention and business from the bigger competitors.
- Consumers are becoming socially conscious.
Millennials are likely to feel a responsibility for the future of the planet and are calling on business to help. Therefore, many startups are focusing efforts on bringing surplus foods to those in need. Traditional restaurants aren’t known for this sort of practice. However, newer restaurants are catching onto the desires of their newer generation of customers and heading their requests.
- Consumers don’t want to wait.
The food industry is changing in more ways than just food. The method through which people get food and the time they are waiting is changing drastically as well. In the past, popular dine-in restaurants would be expected to have a long wait and nobody would complain. However, in our culture of immediate gratification, consumers are demanding a shorter waiting time. Furthermore, these demands have led to the revolution of the delivery game. Pizza is no longer the only food to be delivered. There are no limits with services like UberEats, Foodora, Delivery Dash and more. The food industry isn’t only open to changes in food right now, it is open to new methods of delivery and prep time. As a business owner, these myriad demands on the market represent opportunity. After all, where there is a demand, a supply is waiting to be created.
The food industry is being turned upside down right now. People are not satisfied with the status quo and this is reality is being shown in the options people choose. New restaurants and dining concepts are being created every day. There hasn’t been a more exciting time to get into the food business. Right now, it is trendy. However, this momentum won’t last forever. Take advantage of this exciting time now.
Author Bio: Jeremy is a tech and business writer from Simi Valley, CA. He’s worked for Adobe, Google, and himself. He lives for success stories, and hopes to be one someday.