Dinner rush: Growth in consumer spending will heat up industry revenue growth

The Single Location Full-Service Restaurants industry has experienced steady growth over the past five years. 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. The industry's steady growth is expected to continue over the next five years as the economy improves and consumer spending grows...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Single location restaurants experience heavy competition from other food service providers, and directly competes with chain restaurants
  • A high degree of labor is required to meet customers’ expectations
  • Intense competition, particularly price-based competition, will likely continue
  • Industry Report - Industry Key Buyers Chapter

    Overall, concentration is extremely low because the Single Location Full-Service Restaurants industry inherently consists of businesses that are single, owner-operated establishments that are not part of a chain or franchise operation. As a result, no single industry operator comprises more than 5.0% of industry revenue in 2018. Annual average revenue per operator is estimated to be about $1.7 million in 2018, and each establishment employs about 16 full-time or part-time staff. According to the US Census, an estimated 63.2% of full-service restaurants have less than 20 employees and 87.2% and fewer than 50 employees. Furthermore, about 26.9% of all restaurants have less than five employees, emphasizing the small-business nature of the industry...purchase to read more.

    Additional Insights for the Single Location Full-Service Restaurants Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Single Location Full-Service Restaurants Industry are

  • Access to multi-skilled and flexible workforce
  • Ability to quickly adopt new technology
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Consumer Confidence Index in the Single Location Full-Service Restaurants industry impact industry performance..

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    What's in this report

    What is the Single Location Full-Service Restaurants Industry?

    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.

    Industry Products
  • European restaurants
  • American restaurants
  • Mexican restaurants
  • Asian restaurants
  • Pizza restaurants
  • Steakhouses
  • Seafood restaurants
  • Industry Activities
  • Managing owner-operated full-service restaurants
  • Managing family-operated full-service restaurants
  • Managing independent-operated (nonchain or nonfranchised) restaurants
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Consumer Confidence Index
  • Healthy eating index
  • Households earning more than $100,000

  • Current Performance
  • Volatile input prices impact profit
  • Other industry trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Competition heats up
  • A penchant for fine dining
  • Technology trends
  • Table: Single Location Full-Service Restaurants Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Single Location Full-Service Restaurants Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Beer Wholesaling
  • Dairy Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Frozen Food Wholesaling
  • Fruit & Vegetable Wholesaling
  • Wine & Spirits Wholesaling

  • Products & Services
  • Asian restaurants
  • American restaurants
  • European restaurants
  • Mexican restaurants
  • Pizza restaurants
  • Seafood restaurants
  • Other
  • Steakhouses
  • Chart: Single Location Full-Service Restaurants Industry Products and Services Segmentation

  • Demand Determinants
  • Demographic trends
  • Health consciousness
  • Convenience

  • Major Markets
  • Highest quintile of incomes
  • Fourth quintile of incomes
  • Middle quintile of incomes
  • Second quintile of incomes
  • Lowest quintile of incomes
  • Chart: Major Market Segmentation for the Single Location Full-Service Restaurants Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Single Location Full-Service Restaurants

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Single Location Full-Service Restaurants Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Single Location Full-Service Restaurants Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Single Location Full-Service Restaurants Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • Administrative operations that support the primary business of the company.
  • Chain Restaurants
  • Restaurants that share a brand, central management and usually have standardized business methods and practices.
  • Food Service
  • Industry includes restaurants, catering and fast-food establishments, bars and taverns and other establishments that provide food for guests.
  • Full-Service Restaurant
  • A restaurant that provides guests with sit-down meals that include table service by wait staff.
  • Limited-Service Restaurant
  • A restaurant that provides guests with meals that are typically ordered at a counter, served with little or no service, and are paid for before eating.
  • Single-Location Restaurant
  • Usually an owner-operated restaurant with significant and direct input by the owners into the business.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Single Location Full-Service Restaurants Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Single Location Full-Service Restaurants industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Single Location Full-Service Restaurants:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Single Location Full-Service Restaurants market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Single Location Full-Service Restaurants, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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