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Franchise arrangements (Tables)
12 Months Ended
Dec. 31, 2023
Franchise Arrangements [Abstract]  
Schedule of revenues from franchised restaurants
Revenues from franchised restaurants for fiscal years 2023, 2022 and 2021 consisted of:

 202320222021
Rent (i)$193,518 $160,795 $115,418 
Initial fees (ii) 417 401 321 
Royalty fees (iii)268 215 295 
Total$194,203 $161,411 $116,034 

(i)Includes rental income of own buildings and subleases. As of December 31, 2023, 2022 and 2021 the subleases rental income amounted to $154,087, $132,327 and $97,756, respectively.
(ii)Presented net of initial fees owed to McDonald’s Corporation for $963, $1,012 and $739 in 2023, 2022 and 2021, respectively.
(iii)Presented net of royalties fees owed to McDonald’s Corporation for $71,667, $62,360 and $46,476 in 2023, 2022 and 2021, respectively.
Schedule of future minimum rental payments for operating leases
As of December 31, 2023, future minimum rent payments due to the Company under existing franchised agreements are:
Owned sitesLeased sitesTotal
2024$6,574 $63,690 $70,264 
20255,061 57,963 63,024 
20265,092 52,920 58,012 
20274,953 47,366 52,319 
20284,178 41,453 45,631 
Thereafter34,976 193,969 228,945 
Total$60,834 $457,361 $518,195