"McDonald's Georgia" has published its financial report for 2023, which reflects the company's last year's revenues and implemented projects.
According to the financial report, "McDonald's" income increased by 21% to GEL 243 million in 2023. The company ended last year with a net profit of GEL 30.1 million.
The owner of the McDonald's restaurant franchise in Georgia is the company "T and K Restaurants", which was founded on December 16, 1997. As of 2023, the company owns 27 restaurants and one logistics center in Georgia. The group as a whole employs more than 1400 people.
"McDonald's Georgia" notes that last year they served 11,974,000 customers, therefore, the average cost of one order was GEL 20.24.
The financial report also presents information about the company's expenses. Last year, the company spent GEL 94 million on food materials, GEL 35.5 million on employee salaries, GEL 41.7 million on other operating expenses, GEL 20.2 million - on royalties, and GEL 10.8 million - on depreciation and amortization.
According to the financial report, 90% of the company's assets are owned by businessman Temur Chkhoni, and 10% by General Director of "McDonald's Georgia" Tengiz Kapanadze.
The total volume of the company's assets amount to GEL 199 million.
