Sub Sandwiches are Successful!
The sandwich (specifically submarine) industry is booming and lucrative:
- Sandwich and sub shop franchises make up 12% of all quick-service restaurants, and demand is growing.
- Annual growth from 2014 to 2019 was 3.4% (burger restaurants saw just 2.6% growth).
- Total revenue in this niche in 2019 was $25 billion.
So Much Room To Grow
*An annual growth rate of 10.4 percent between 2006 and 2014 launches the supermarket fresh prepared foods segment into the food industry’s group of highest performing subdivisions, according to a recent Technomic study cited by an FMI about made-to-order food’s prevalence in grocery stores” – https://www.thenafemshow.org/news-and-insights/trend-watch-whats-new-grab-go/ While 19% of consumers overall select grab-and-go food items, nearly 30% of millennials purchase these items. About half of surveyed consumers report they purchase prepackaged sandwiches, but this jumps to 65% for millennials. – https://www.cspdailynews.com/snacks-candy/grab-go-foods-speak-millennial-generation