What are the Benefits of Owning a QSR Franchise?
Not sure what kind of franchise to buy in Australia? What about investing in a quick service restaurant chain? Quick-service restaurant chains are fast food brands with a global track record of staying at the top in terms of profit and brand value. In 2023, the top six of the leading global franchises are quick service restaurants:
#1 KFC
#2 McDonalds
#3 Taco Bell
#4 Dunkin'
#5 Pizza Hut
#6 Burger King
The fast food industry in Australia has a valuation of $21 billion. And it makes sense considering the food consumption habits of the people. Let's take a look!
As you can see there is a significant demand for quick service restaurants or fast food across Australia. Also, these are more affordable than traditional restaurants and eateries. Let's further explore why it is more beneficial.
How Owning a Fast Food Franchise Benefits You
If you are thinking of owning a franchise that specialises in quick services restaurants and the fast food business, you need to understand the benefits it has in store for you.
- The fast food industry in Australia has experienced significant growth in recent years. The drivers are consumers' busy lifestyles, changing dietary preferences, and the need to have more affordable options for dining. Buying into a quick service restaurant chain allows you to tap into the perks of such a thriving industry and earn substantial revenue.
- Majority of these brands have a loyal customer base and solid brand recognition. You will not have to start from scratch on establishing a customer base. You can simply leverage the existing brand reputation and benefit from marketing campaigns designed and delivered by the franchisor. It allows you to attract more customers and make bigger sales every month.
- Quick restaurant chains make the best franchise businesses for sale because they are constantly expanding. This presents an opportunity for you to open additional outlets in the future if the business model suits you and provides good return on investment. That way you can gradually increase your profitability.
- There is minimal risk of failure or closure unless you perform poorly at running the business or mismanage the staff. Fast food chains performed steadily even during the pandemic, with food delivery services allowing customers to get their favourite fast food easily. So, this business has long-term prospects compared to other franchises for sale in Sydney and across Australia.
Top Quick Service Restaurant and Fast Food Chains in Australia
Now, let's take a look at the top fast-food and quick service restaurants in Australia
1. Guzman y Gomez
2. Subway
3. McDonald's
4. Dominos Pizza
5. KFC
6. Hungry Jack's
7. Pizza Hut
8. Zambrero
9. Oporto
10. Mad Mex
These stores are achieving significant revenue in 2023, but the rankings keep changing from time to time.
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