Fast food stores opening: latest report

Fast food stores opening
More stores opened than closed in the last three months. Image Bigstock.

Fast food chains are opening more stores, with a net gain of 26 new outlets in the past three months.

That’s according to GapMaps, a cloud-based data intelligence platform, which has released its latest monthly Fast Food & Quick Service Restaurant (QSR) Retail Network Report. This tracked store openings and closures in Australia for the three months ending 1 November.

The report monitors 29 brands in 6,824 locations across Australia and shows 58 new stores and 32 closed.

Subway added 10 outlets, Dominos opened an additional eight, and Zambrero opened six stores. These brands led the growth, while Rosie’s Chicken and Nando’s recorded the most store closures (nine, and five, respectively).

At a state level, Victoria led the way with 18 store openings; however it also recorded the most closures with 12.

Scott Johnson, senior analyst at GapMaps said “Despite 32 store closures during the reporting period, we continue to see strong store growth overall, with 58 new premises added.

“Location decisions continue to be impacted as brands adjust to new patterns of people movements, brought about by continued hybrid work arrangements and population shifts away from CBD and urban areas.”

This latest report is available to download here.