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Fast food sector heats up

Sarah Stowe

Who doesn’t love a good burger? This is a lively and growing market with plenty of action in the franchise sector…

A Commonwealth Bank survey of its customers’ spending habits in late 2017 showed on average people are spending about $90 per month on fast food and $143 per month on restaurants, up 20 per cent and six per cent since July 2015.

The burger sector is a $6.9bn market and franchised brands are making the most of the eating out trends.

Last year gourmet burger brand, Burger Urge, opened a Sydney office and revealed plans for eastern seaboard expansion, including the roll-out of 37 new restaurants by 2020.

Huxtaburger has set its sights on total of 50 stores within the next five years, constituting a mix of both company-owned and franchised stores, with a goal of $15m revenue.

McDonald’s has also been working to modernise its restaurants by adding mobile ordering and offering delivery through an UberEats app.

US burger chain Carl’s Jr. plans to open 20 stores across Queensland, with the first drive-through set to launch on 18 January.