Franchise Journal
APRIL 1, 2023
It has been estimated that more than 32,000 full-service restaurants were established in 2022. As of 2023, there were an estimated 201,865 fast food restaurant businesses in the US, a figure expected to continue to increase with an expected compound annual growth rate (CAGR) of 5.1% through 2027.
Franchise Journal
APRIL 1, 2024
Not only are food franchises almost a third of all franchises, they are also big earners. According to Statista , quick-service restaurants have the highest financial output in 2022, generating about $290 billion, with the retail food, products, and services business line second, making around $134 million.
SA Franchise Brands
APRIL 29, 2025
This substantial figure underscores the industry’s growth and represents 15% of South Africa’s total GDP of R6,660bn in 2022. Market Saturation: In urban areas, certain franchise sectors, such as fast food and retail, are approaching saturation.
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