Industry Report - Starting a New Business Chapter
The industry is characterised as having low barriers to entry. The industry's low capital intensity and slow technological change reflect its minimal start-up costs, given the low outlay for capital equipment relative to wages. The majority of investment is involved in store fit-outs and kitchen equipment. This can act as an incentive for smaller industry players, which can trial establishing fast-food burger shops particularly in areas with relatively less foot traffic. Nevertheless, new entrants may be deterred by the industry's mature life cycle and high level of competition among fast-food operators and the broader food services sector...purchase to read more.
Additional Insights for the
Fast Food Burger Shops
Industry
IBISWorld has determined the most important Key Success Factors for the Fast Food Burger Shops are:
Ability to franchise operations Effective cost control Ability to alter goods and services produced in favour of market conditions
IBISWorld analysts also discuss how external factors such as Average weekly hours worked and Consumer sentiment index in the Fast Food Burger Shops industry impact industry performance..
shopping_cartPURCHASE OPTIONS