Overview

Clean plate club: Rising consumer spending will bring industry revenue to a simmer

IBISWorld’s Single Location Full-Service Restaurants Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$187bn
Annual Growth
12-17
3.1%
Annual Growth
17-22
Profit
Employment
3,556,201
Business
262,883

Industry Threats & Opportunities

  • The fine dining segment has done particularly well over the past five years
  • Full-service restaurants have had to contend with changing consumer preferences
  • Intense competition, particularly price-based competition, will likely continue

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    Industry Analysis & Industry Trends

    The Single Location Full-Service Restaurants industry has experienced robust growth over the past five years. Since 2011, the improving economy and rising consumer spending have led to consistent growth in restaurant spending. The industry's steady growth is expected to continue over the next five years as the economy improves and consumer spending grows. Consumer spending is expected to increase, benefiting the industry. Despite the optimistic operating conditions, industry restaurants will need to monitor and adjust to shifting consumer preferences for healthier meals and ethical consumerism.


    ...

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    Industry Report - Industry Key Buyers Chapter

    Overall, concentration is extremely low because the vast number of businesses are single, owner-operated establishments that are not part of a chain or franchise operation. As a result, no industry operator comprises more than 5.0% of industry revenue in 2017. Annual average revenue per operator is estimated to be about $725,180 in 2017, and each establishment employs about 13 full-time or part-time staff. According to the US Census, about 65.0% of full-service restaurants have less than 20 employees. Furthermore, about one third of all restaurants have less than five employees, emphasizing the small-business nature of the industry.

    The low level of concentration in the industry results in fierce competition among operators. The..

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    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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    Look under the hood?

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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
  • Other
  • Mexican restaurants
  • Pizza restaurants
  • Seafood restaurants
  • 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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Single Location Full-Service Restaurants Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Back-Of-Office
  • 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.
  • Why buy this report?

    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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