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v. t. e. A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals. It also describes the nature of the business, background information on the organization, the organization's financial projections, and the strategies it intends to ...
A McDonald's restaurant in New York City. A Café de Coral restaurant in Hong Kong. A fish and chip shop in Broadstairs, Kent, England. A fast-food restaurant, also known as a quick-service restaurant ( QSR) within the industry, is a specific type of restaurant that serves fast-food cuisine and has minimal table service.
Fast casual restaurant. A fast casual restaurant, found primarily in the United States and Canada, is a restaurant that does not offer full table service, but advertises higher quality food than fast-food restaurants, with fewer frozen or processed ingredients. It is an intermediate concept between fast food and casual dining .
The United States restaurant industry was projected at $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [1] [2] An estimated 99% of companies in the industry are family-owned small businesses with fewer than 50 employees. [3]
The word franchise is of Anglo-French derivation—from franc, meaning 'free'—and is used both as a noun and as a (transitive) verb. [ 2] For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth ...
As part of a $80 million expansion plan, there were plans to open 500 restaurants in two years and close 100 outdated restaurants. [61] Remains of a former A&W restaurant in Beijing (April 2024) A&W entered the mainland Chinese market in 1996, the franchisee for the country being Aidewei, and had eight restaurants in Beijing. [62]
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