American foodies have an insatiable appetite for eating out — that’s good news for the economy and innovative restaurant franchisors with a unique concept. The Great Greek Mediterranean Grill is the ideal foodservice investment, helping franchisees to cash in on one of the fastest growing industries worldwide. The Great Greek has attracted enthusiastic store owners eager to build an impressive portfolio, with the help of a smart business model and a proven operational system backed by great tasting food made with the freshest ingredients.
- In 2017, restaurant industry sales totaled nearly $800 billion compared to $42 billion in 1970.
- There are 14.7 million restaurant workers in the U.S. By 2026, experts estimate 16 million Americans will be working in the restaurant industry.
- According to the National Restaurant Association, restaurants are a boost to the local economy. Every dollar a customer spends at a restaurant generates two additional dollars in sales for other industries and local sales tax revenues.
Consumer Demand for Convenience
There are more than 647,000 restaurants in the U.S., that’s a clear sign there’s a consumer demand for alternatives to grocery shopping and preparing meals in the home. A recent consumer survey conducted by the National Center for Health Statistics shows Americans are choosing to eat out for the convenience rather than to save money. While growth in grocery stores and restaurants has remained steady in past years, The Great Greek sees its restaurant franchise as a niche venture with a reliable return on investment in the current economy. The economic outlook for restaurants is promising. The industry contributes four percent to the U.S. Gross Domestic Product (GDP), a significant indicator of the overall health of the U.S. economy. The Great Greek is proud to support entrepreneurs, food service workers, and the economy.
As the economy grows, the restaurant franchise industry responds. Whether a robust or lean economic climate, Nick Anthony Della Penna and Trent Jones, The Great Greek’s co-founders, recognized their success was scalable and deserved to be shared in the U.S. and beyond. Della Penna says customers visiting their Nevada-based restaurant would often ask if there were other locations. That got the ball rolling on franchising and a partnership with the United Franchise Group.
“It felt like a shame to limit The Great Greek to a single location,” explained Della Penna. “The idea of growing the brand and making a deeper contribution to the national and local economy appealed to us; it just seemed like the right thing to do.”
Looking to open the next Great Greek location? Contact our Franchise Development team to start exploring your franchising future.