SWEET STA­TIS­TICS

Inside Franchise Business - - Industry Spotlight -

A cool $576.5 mil­lion in rev­enue was brought in by the frozen treats in­dus­try this year, gen­er­at­ing prof­its of $95.7 mil­lion, ac­cord­ing to Ibis World’s Au­gust 2017 re­port Ice Cream Stores in Aus­tralia.

Across the 920 busi­nesses in the sec­tor, wages ac­counted for $129.4 mil­lion.

An­nual growth has been 2.4 per cent an­nu­alised over the past five years, and is un­likely to change much, with a slight drop to 2.3 per cent pre­dicted through to 2023.

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