Valuation Trading Multiples & Precedent Transactions: Quick Service Restaurant Operators
Valuation benchmarks for Quick Service Restaurant Operators. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - Quick Service Restaurant Operators Market Context & Valuation Drivers
Companies in this trading comparables group are public operators and franchisors of quick service restaurant (QSR) brands, spanning pizza, chicken, coffee, bakery, and sandwich concepts. They generate revenue from company‑owned units, franchise royalties, and delivery channels, with standardized menus and efficient formats. They are grouped together because their unit economics, store growth strategies, and off‑premise mix create comparable valuation benchmarks and performance drivers.
Typical capabilities include multi-brand portfolio management and franchising, site selection and store development, centralized procurement and commissary operations, and standardized food preparation across high-throughput formats. They offer pizzas, fried chicken, coffee beverages, sandwiches, and bakery/breakfast items, complemented by digital ordering, loyalty programs, delivery logistics, and drive-thru service. Many operate master franchise agreements, leverage proprietary apps, and optimize labor scheduling and pricing to sustain throughput, consistency, and margin control.
Core customer segments include mass-market consumers seeking convenient meals, urban commuters and students, and families ordering delivery or drive‑thru. Some brands also serve franchisees as B2B partners. Key valuation benchmarks include same‑store sales growth, average unit volume, store count expansion and system sales, EBITDA margin and royalty mix, plus digital order penetration and delivery contribution—metrics that reflect demand, efficiency, and scalable unit economics across comparable QSR models.
2. Valuation Analysis: Public Trading Comps & Multiples for Quick Service Restaurant Operators companies
2.1 - Public Peer Groups & Median Valuation Multiples for Quick Service Restaurant Operators sector
Comparable group 1: Quick Service Restaurant Operators
Collins Foods
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of quick service restaurant operations, specializing in franchising and managing well-known brands such as KFC and Taco Bell across Australia and parts of Europe, with a focus on fresh ingredients and community impact.
- Key Products:
- KFC Franchising: Offers franchise opportunities for operating KFC restaurants
- Taco Bell Operations: Manages Taco Bell restaurants across various regions
- Quick Service Dining: Provides fast food services with a focus on quick service and fresh ingredients
- Community Engagement: Participates in sustainability and community welfare initiatives
- Supply Chain Management: Sources high-quality ingredients for restaurant operations.
MTY Food Group
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of franchising and corporate operations for casual dining, fast casual, and quick service restaurants, offering a diverse range of cuisine across various brands and locations in Canada and the USA.
- Key Products:
- Franchise Operations: Support and management for franchisees across multiple restaurant brands
- Quick Service Concepts: Offers quick-service restaurant options within numerous cuisine types
- Casual Dining Brands: Includes dine-in restaurant experiences with a variety of menus
- Food Processing: Operates food plants producing diverse product offerings
- Brand Portfolio: Manages a portfolio of over 70 different restaurant brands.