Revenues at McDonald’s franchise operators Aarval’s reached €46.93m in 2023, marking a 16pc increase from €40.27m the previous year.
Pre-tax profits for Aarval showed a slight decline, falling from €1.645m to €1.635m due to rising costs.
Revenues rise four-fold rise in four years compared to €11.7m in 2019.
Employee numbers surged from 245 in 2019 to 937 by the end of 2023.
McDonald’s plans for future growth include new restaurant developments in Mullingar, Waterford, and other locations across Ireland.
Aarval initially operated a McDonald’s outlet in Galway’s Shop Street, along with two other outlets in Galway city at Westside Shopping Centre and the Headford Rd, Retail Park.
In December 2020, it acquired four McDonalds restaurants in Limerick at Cruises Street in the city centre; at Jetland shopping centre, Caherdavin; at the Crescent Shopping Centre at Dooradoyle and at the Castletroy Shopping Centre at Castletroy, Limerick.
In May 2021 it acquired McDonalds outlets in Co Clare at Shannon and in Ennis while the Limerick operation was scaled back in August 2023 with the closure of the McDonalds on Cruises Street.
