{"id":6812,"date":"2022-05-18T08:00:29","date_gmt":"2022-05-18T07:00:29","guid":{"rendered":"https:\/\/www.acuitysolutions.co.uk\/?p=6812"},"modified":"2022-05-18T09:48:26","modified_gmt":"2022-05-18T08:48:26","slug":"restaurant-franchise-accounting-software","status":"publish","type":"post","link":"https:\/\/www.acuitysolutions.co.uk\/restaurant-franchise-accounting-software\/","title":{"rendered":"Driving efficiency and growth: Restaurant Franchise Accounting Software"},"content":{"rendered":"

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Why is restaurant franchise accounting software important? Let’s take a look at the current state of the restaurant franchise market…<\/h2>\n

Statistics released between 2018-2019 show that 10,000 new restaurants are opened each year<\/a> despite a 6% increase in labour costs<\/a> for 71% of operators and a 1-2% increase in food costs<\/a>.<\/p>\n

Quick service restaurants (QSRs) – or fast food restaurants – make up the fastest growing segment of the restaurant industry, with around 12% of the British public buying fast food once a week<\/a>.<\/p>\n

To meet and capitalise on this demand, 60% of franchises now offer value meals<\/a> \u2013 such as McDonald\u2019s Saver Menu or Burger King\u2019s King Saver menu \u2013 making the companies\u2019 offerings accessible to an even broader market.<\/p>\n

However, 22% of these had a negative impact on margins in 2018, despite increased revenue and overall growth in the QSR market.<\/p>\n

Nevertheless, the market is resilient; this has become evident over the last few years, with the QSR market value<\/a> dropping from over \u00a321 billion in 2020 to \u00a318.9 billion in 2021 as a result of closures during the pandemic, and good recovery seen in 2022 bringing the market value back up to \u00a320.6 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Why is restaurant franchise accounting software important? Let’s take a look at the current state of the restaurant franchise market… Statistics released between 2018-2019 show that 10,000 new restaurants are opened each year despite a 6% increase in labour costs for 71% of operators and a 1-2% increase in food costs. Quick service restaurants (QSRs) […]<\/p>\n","protected":false},"author":2,"featured_media":6873,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,7,20],"tags":[],"_links":{"self":[{"href":"https:\/\/www.acuitysolutions.co.uk\/wp-json\/wp\/v2\/posts\/6812"}],"collection":[{"href":"https:\/\/www.acuitysolutions.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.acuitysolutions.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.acuitysolutions.co.uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.acuitysolutions.co.uk\/wp-json\/wp\/v2\/comments?post=6812"}],"version-history":[{"count":10,"href":"https:\/\/www.acuitysolutions.co.uk\/wp-json\/wp\/v2\/posts\/6812\/revisions"}],"predecessor-version":[{"id":6872,"href":"https:\/\/www.acuitysolutions.co.uk\/wp-json\/wp\/v2\/posts\/6812\/revisions\/6872"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.acuitysolutions.co.uk\/wp-json\/wp\/v2\/media\/6873"}],"wp:attachment":[{"href":"https:\/\/www.acuitysolutions.co.uk\/wp-json\/wp\/v2\/media?parent=6812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.acuitysolutions.co.uk\/wp-json\/wp\/v2\/categories?post=6812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.acuitysolutions.co.uk\/wp-json\/wp\/v2\/tags?post=6812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}