In a country of almost 2.4 billion people, there are more than 500,000 dining establishments, with the number soaring to 1.8 billion in 2021.
In Australia, there were 6,800 eateries in 2019, an increase of 4 per cent over the previous year, according to the Australian Institute of Food and Drink (AIFFD).
A new report by the AIFFD found that in 2019 more than half of the world’s restaurants were franchised, meaning that restaurants had a licence to operate.
It found that around half of Australia’s restaurants had at least one franchisee, with about a third owned by a franchiser.
The number of restaurants with franchised licences jumped from 2,858 in 2019 to 3,927 in 2020.
The report said franchised restaurants provided more jobs than other types of business, contributing to economic growth.
Franchisees earn more, the report found, with a median annual wage of $150,000, compared to $45,000 in the non-franchised sector.
The most popular restaurants in Australia, the AIffD report found: • The most successful restaurants in 2019 were the two Sydney locations in Melbourne and Canberra; • The two Brisbane restaurants in Brisbane, including the iconic ‘Cafe C’ and ‘Boom Burger’, ranked third and fourth, respectively; • Sydney’s iconic ‘Burger’ restaurant in Hobart ranked seventh; • Two Sydney restaurants ranked first and second, respectively, in 2019; • Melbourne’s ‘Dining Out’ restaurant ranked first; • Canberra’s ‘Coffee’ restaurant placed ninth; • Brisbane’s ‘Ribbon’ restaurant landed 10th.
The average gross revenue of a franchised restaurant in Australia was $1.1 million, the highest of any sector.