Industry Analysis & Industry Trends
Consumer health awareness has transformed the Fast Food Services industry over the past five years. While revenue is forecast to rise by 2.4% annualised over the five years through 2015-16, the industry struggled during 2010-11 and 2011-12 as sales declined. Industry demand has been affected by increased consumer awareness about the nutritional content of fast food and a conscious effort by consumers to choose healthier options. Industry operators have responded with the introduction of a range of healthier, premium choices with less fat, sugar and salt. This change in consumer preferences has also led to an influx of new operators offering higher quality fast-food options. Industry revenue is forecast to grow over 2015-16, rising by 0.8% to total $14.8 billion... purchase to read more
Industry Report - Industry Investment Chapter
The Fast Food Services industry exhibits a low level of capital intensity. IBISWorld estimates that for every dollar spent on capital costs, $8.26 is spent on wages. Labour costs are a significant part of daily operations. Players require employees to undertake a range of tasks including customer service, production and assembly of food, inventory control, clearing tables, and the handling and storage of food in accordance with health and safety regulations. Wage costs are influenced by employee numbers, the minimum wage rate and the company's trading hours.
The majority of capital investment is required during the initial establishment and fit-out of a new store... purchase to read more