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What do Ancient Greeks and fans of the &#8220;Fast and Furious&#8221; franchise have in common? Besides the fact that Paul Walker (R.I.P) and Vin Diesel&#8217;s bromance should appeal to all of them, the answer is avoidance of meat. That&#8217;s right; more and more Millennials are making meat a no-no, many going so far as to cut out all animal products to go full vegan. Citing data from 210 Analytics, QSR reported more than 60 percent of the coveted demographic consume meat alternatives. Julieanna Hever, a dietician and author, told QSR that many young people are attracted to vegan cuisine even if they don&#8217;t consider themselves strict vegans. She described these individuals as &#8220;flexitarians,&#8221; people &#8220;who are open, interested, and recognize the benefits of eating vegan foods, even if they aren&#8217;t fully committed to a vegan diet.&#8221; At the same time, Hever said that 1 in 10 Millennials do consider themselves vegan. Fortunately, franchise brands don&#8217;t have to overhaul their entire menus to appeal to vegan Millennials. Hever pointed to chains like <a href="http://chipotle.com/home?utm_source=1851franchise.com&utm_medium=article&utm_campaign=going-meatless-could-give-franchises-a-boost-1546" target="_blank" rel="nofollow" target="_blank">Chipotle</a> and <a href="http://www.whitecastle.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=going-meatless-could-give-franchises-a-boost-1546" target="_blank" rel="nofollow" target="_blank">White Castle</a> as inspiration &#8211; both introduced simple meatless alternatives to popular products. &#8220;Because Millennials are so interested and so socially conscious about health, environmental choices, and animal welfare, if better products are available, they&#8217;ll come back and they&#8217;ll bring their friends,&#8221; Hever said. Read the full story <a href="http://www.qsrmagazine.com/news/vegan-fare-finds-traction-among-millennials?utm_source=1851franchise.com&utm_medium=article&utm_campaign=going-meatless-could-give-franchises-a-boost-1546" target="_blank" rel="nofollow" target="_blank">here</a>.

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Data points to increasing number of vegan Millennials.

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Going Meatless Could Give Franchises a Boost 

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Prince St. Pizza Partners With Dave’s Hot Chicken Franchisee for National Growth

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How much can franchisees make? It’s a question many prospective owners ask before investing in a franchise. While earnings tend to be driven by variables such as industry, location and general management skills, a proper understanding of the key factors driving profitability can help franchise owners develop expectations that are realistic.&nbsp;Multi-unit franchisee&nbsp;<a href="https://www.linkedin.com/in/mangesh-patel-9368569/">Mangesh Patel</a>, who’s readying the launch of six&nbsp;<a href="https://www.beefobradysfranchise.com/">Beef ‘O’ Brady’s</a> restaurant locations in the Macon, Georgia area, shares insights from his franchising experience.<h2>Understanding Franchise Income</h2>Keeping operational costs in check can have a major impact on overall earnings. Taking a proactive approach to expenses such as food and labor, as well as payroll and scheduling, can help align actual franchise income with general expectations for the business.“I just had a meeting with a couple of people, and they said, ‘You talked about a 25% profit margin, but I’m only doing 12%.’ So, I looked at the figures they sent me,” Patel said. “Their&nbsp;<a href="https://1851franchise.com/calculate-restaurant-franchise-profit-2730476">restaurant</a> food cost was running at 37%, which should be around 30%. The national average is about 32%. If I do things correctly, my average food cost needs to be at or below 30%. And payroll should run around 18%. But many people run 25 to 28%.”So,&nbsp;<a href="https://1851franchise.com/unraveling-franchise-earnings-how-much-can-you-really-make-2723935">how much can franchisees make</a>? Here are five areas to consider.<h2>Practical Tips for Prospective Franchisees</h2><ol><li>Control Costs From Day One:&nbsp;It’s important to monitor payroll, food and supply costs closely. Overstaffing and inefficiencies can quickly reduce profits.</li><li>Plan For The Opening Surge:&nbsp;Traffic within the first few months of opening is likely to be higher. It’s important to adjust staffing and inventory accordingly, and pay close attention to how those levels change as time goes on.</li><li>Invest In Training:&nbsp;Properly trained workers can help reduce waste and improve overall service, which has a direct effect on net income.</li><li>Understand Your Market:&nbsp;Each market is unique and revenue potential will vary depending upon location, demographics and competition.</li><li>Track Metrics Regularly:&nbsp;Food cost percentages, labor ratios and weekly sales data act as key indicators operations may need to be adjusted.</li></ol><h2>What Profitability Really Comes Down To</h2>Patel notes that if franchise owners manage labor and costs properly, it’s not impossible to achieve strong cash flow even in the first year, bucking some franchising trends.So,&nbsp;<a href="https://1851franchise.com/how-much-can-you-make-as-a-franchise-owner-2724761">how much can franchisees make</a>? While results tend to vary, careful planning, disciplined operations and a proactive approach to assessing initial costs are essential. But by grasping and guiding the elements that drive franchise profitability, franchise owners can maximize overall business earnings, scaling a business that’s sustainable financially over the long term.Want to learn more about franchise opportunities on 1851 Franchise? Be sure to visit our&nbsp;<a href="https://1851franchise.com/power-rankings">Power Rankings</a> to read more on brands making moves.

How much can franchisees make? This guide explains what drives franchise earnings and how to manage costs, with expert tips from multi-unit owner Mangesh Patel on maximizing your franchise income.

How Much Can Franchisees Make? A Guide for Prospective Franchise Owners

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Franchise Opportunity Deep Dive: A fast-casual restaurant brand serving made-from-scratch sandwiches, salads, soups and pizzas rooted in Southern hospitality.


Going Meatless Could Give Franchises a Boost

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