GapMaps, a cloud-based location intelligence platform, has released its annual Fast Food & Quick Service Restaurant report, which provides insights on the number of store openings and closures in Australia for the year ending 30 June.
Tracking 28 brands in 6,734 locations, the report shows 275 stores opened and 118 stores closed across the 12-month period.
“In the reporting period we saw strong overall growth with a net increase of 157 new stores after taking into account openings and closures we’ve observed over the past 12 months,” says Scott Johnson, Senior Analyst, GapMaps.
According to GapMaps, the café sector expanded with a net increase of 95 stores across Australia. Notable expansions were McDonalds McCafe and Gong Cha, adding 30 and 25 stores respectively, with Boost Juice also adding 22 stores.
The Coffee Club saw a reconfiguring of its network, closing 13 stores, the most out of all brands analysed, but also opening 12 other stores across Australia.
Most openings and closures occurred in tier one, metro locations with the highest net store growth in Sydney at 30, and Melbourne and Perth at 17.
Outside McDonalds’ large presence of McCafe stores in metro and regional cities, the Coffee Club’s provisions of 23.4 and 33.9 stores per million residents in Greater Brisbane and Sunshine coast were a notable strength compared to its average provision of 9.8.
“Our reports provide brands with unique insights and key trends into the changing competitor landscape in their respective retail sectors,” says Johnson.
“Our ability to use a range of data points to represent the most up-to-date view of physical network locations is helping brands make better location decisions at a time when new working arrangements, such as hybrid, is having an impact on population habits and movements.”
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