Fast food
industry has outpaced rest of business sectors in the course of past one
decade. Consumption of fast food throughout the globe is increasing at rapid
rate and leading brand i.e. McDonalds had faced challenges as consumer slowly
shifted to other brands and stop eating at expensive restaurants. The fast food
industry has shown unprecedented growth in terms of profitability and
productivity. Owning and running a fast food business can be profitable and
many entrepreneurs are focusing mainly on low investment models. As a
franchisee entrepreneur,you can take advantage of well-established infrastructure
and brand awareness created by franchisor. Several Indian brand are providing lucrative
franchise opportunities, in fact they are searching for passionate people who
want to kick-start career in competitive food industry. Consumers nowadays are
not only limited to quick foods but they want something unique that give new
taste to tongue. Now the question arises how to satisfy consumers and what they
are actually looking for.
1.
Awesome menu: Eating at fast food
restaurant is a different experience, literary the whole environment is quite
amazing. Every brand has its own culture, particular theme for restaurants,
interior designing, colour combination and staff members dress. Apart from
this, customer want delicious recipes, natural ingredients and they are
becoming concern for food preparation techniques as well.
2.
Quick services: Customer visit fast food
outlets for quick and cheap foods, to add more, if menu item take longer time
than expected time period them customer would have been frustrated. As a food
operator, it is responsibility to serve customers effectively and pay attention
to their concern. By listening to customers, you can develop strong
relationship with them.
3.
Customer service: Fast food industry is
known for its quick food culture and effective dining experience. When
McDonalds enter into India, it needs to change menu as per customer demand and
consistently improve customer service. Today’s customer wants to embrace latest
trends such as online delivery, digital menu and fun environment.
4.
Competitive price: Fast food players
need to lower down rates of products, for instance by implementing self-serve they
are reducing staffing cost. Customer will definitely get benefits in form of low
cost foods. Many new brands have come up with customized menu that means
customer can choose ingredients and ask chef to prepare recipes according to
their expectation.
5.
Consistent innovation: In this
fast-changing business environment it is necessary to make significant changes
in existing menu. Every year, new brands have developed different products in
order to pull customers. Experiment with menu and services to necessary to retain
customers for longer time. As long as consumers don’t get satisfied, fast food
brands must do something.
6.
Fun: Eating food in QSR (quick service
restaurant) is one of the best ways to get socializing with friends and family
members. Indian consumers show great interest in attractive fast food outlets,
you can see number of people on weekends enjoy delicious foods. It is essential
to create better environment where people not only eat food but feel good.
Both national
and international brands are adopting various strategies to streamline fast
food franchise performance. For example, Box-o-burger has opened doors to
compete with global fast food joints that are growing efficiently in local
marketplace. Box-o-burger is eyeing to offer low investment burger franchise
opportunities in tier 2 and 3 cities, in addition, the brand has achieved tremendous
success as well. Instead of emphasizing on traditional and age old culture,
Box-o-burger is committed to bring unique recipes and well-maintained business
models that can generate huge profits and create best customer experience.
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