The State Of The Restaurant Industry

What are the odds of building a successful restaurant franchise from the ground up and lasting three years? While India has always been a food-loving country with each region having its own special cuisine, Indians have never been very big on eating out. But all that is changing now. The restaurant industry in India has been growing at a rapid pace over the last decade or so and the growth story is set to continue for the next foreseeable future.

The governments makes sure that food businesses meet the guidelines and codes in order for the food to be healthy for the paying customer. Complying may be expensive and time-consuming but by it could also result to the businessman obtaining good scores regarding the sanitary issues that must be prioritized in the food business. This clean record can also entice other customers to check out the businessman’s franchise.

Founded in 1954, Taco Bell is one of the oldest and most popular Mexican-inspired fast-food restaurants in the world—and with over 7,000 restaurants located across the country, there’s a good chance you can pursue a franchise opportunity with the chain in your area.

In Ancient Greece and Ancient Rome , thermopolia (singular thermopolium) were small restaurant-bars that offered food and drinks to customers A typical thermopolium had L-shaped counters in which large storage vessels were sunk, which would contain either hot or cold food. Their popularity was linked to the lack of kitchens in many dwellings and the ease with which people could purchase prepared foods. Furthermore, eating out was considered an important aspect of socializing.

To understand how the restaurant industry is unique in a globalized world, it’s helpful to imagine your neighborhood spot as comprised of two components: a manufacturing facility-the kitchen, and a sales and marketing space-the dining room. The last 60-70 years have seen the geographic uncoupling of manufacturing and sales. For most industries it became economically indefensible to build and sell things in the same location. We’ve grown accustomed to the formula ‘Make things on cheap land with cheap labor and then sell them where people actually live’. It’s this rule, and the technological advancements that have made it possible, that has driven many jobs overseas.

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