Restaurant and Food Service Market Segment Overview
There are nearly a million restaurants in the U.S.— fine dining establishments, quick service and fast casual locations, pizza parlors, deli/take out places, coffee shops—there is really no end to the variety in terms of format, cuisine, price point, and service levels.
Restaurants are expected to account for some $660 million in annual revenues in 2013.
The vast majority of restaurants are small. Despite the prominence of national brands, most are independently owned and operated.
• 93 percent of eating-and-drinking place businesses have fewer than 50 employees.
• More than seven out of 10 eating-and-drinking place establishments are single-unit operations.
• Most average under $1 million in annual sales: Average unit sales in 2010 were $849,000 at full service restaurants and $753,000 at quick service restaurants.
Read the full Restaurant and Food Service Market Segment Overview.