For example, during the first six months of 2013, seven Friday's restaurants, established in the country and run by the local group UNESA, recorded revenues of $9 million. Although some of these facilities reported low sales, the company says it is due to the stabilization of consumers, the time of year and other factors.

As for Panamanian brands, many of them are not franchised but are venturing farther and farther into the local market. Pio Pio, which are under the administration of Grupo Melo had sales of $77 million during the second quarter of 2013, increasing its profits by 5%. The company plans to open 70 restaurants by the end of the year.

Source: Panamaamerica.com.pa

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