Single Location Full-Service Restaurants in the US
The Single Location Full-Service Restaurants industry has experienced steady growth over the five years to 2018. The improving economy and rising consumer spending have led to consistent growth in restaurant spending during the five-year period. The fine dining segment has done particularly well due to an increase in the number of affluent consumers and a growing corporate sector. Conversely, restaurants at the lower end of the market have struggled with low growth, as consumers have traded down to the innovative products served by a growing number of new fast-casual chains. As a result, industry revenue is expected to increase during the current period. Industry revenue is expected to continue growing over the five years to 2023 as the economy improves and consumer spending grows. Despite the optimistic operating conditions, industry restaurants will need to monitor and adjust to shifting consumer preferences.
This industry includes single-location, independent or family-operated restaurants that provide food services to patrons who order and are served while seated (i.e. waiter and waitress service), and pay after eating. These establishments may sell alcohol and other beverages in addition to providing food services to guests.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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