20 Most Profitable Fast-Food Chains
Fast-food chains are now becoming more famous than ever among people of every age. This fondness can be attributed to the fact that almost all fast-food restaurants today harmonize with the audience’s demands. This is why the fast-food industry generates $570 billion annually, and the market is expected to touch the mammoth number of $931 billion by 2027. Amid the COVID-19 crisis, the restaurant industry is moving away from the dine-in facilities and embracing the idea of drive-thrus and takeaways. Due to coronavirus-related lockdowns, the loss in business led to the closure of roughly 17% of restaurants and a 36.6% year-over-year decline of dine-in restaurants in the U.S. This resulted in several restaurants shifting their dine-in facilities to drive-thrus, takeaways, pickups, and even cloud kitchens. For example, drive-thru stores of Dunkin’ Donuts have 23% higher sales volume compared to traditional restaurants. Data also shows that online food delivery business is expected to generate $151,526 million in revenues in 2021. Moreover, sales through delivery are expected to grow from 15% to 23% in 2025.