THE OPPORTUNITY

THE RESTAURANT INDUSTRY IS BOOMING

According to the National Restaurant Association (NRA), driven by an improving economy, restaurant industry sales are expected to hit a record high of $709.2 billion in 2015. Although this will represent the sixth consecutive year of real growth in restaurant sales, the gains remain below what would be expected during a normal post-recession period due to a range of challenges. The restaurant industry will remain the nation’s second-largest private sector employer with a workforce of 14 million.

Sales of full-service or table-service restaurants were forecasted to reach $219.69 billion in 2015. Full-service restaurants are defined as establishments which provide complete and varied breakfast, lunch, and dinner menus with a wide selection of food and beverages.

WHY SHOULD YOU INVEST IN THIS INDUSTRY?

Nearly 40 percent of U.S. consumers dine out in full-service restaurants one to three times a month
In 2014, 22.5 percent of U.S. consumers indicated to dine out one to two times a week.
Around 95 percent of surveyed adults in the United States said good service and quality of food were their top considerations when choosing a full-service restaurant to dine at.
On a segment-by-segment basis, Technomic projects sales at limited-service restaurants, including quick-serve, will increase by 2.2 percent; full-service by 2.5 percent, and bars and taverns by 1 percent in 2016.
2016 is forecasted to be the 7th straight year of growth for the restaurant industry.

A chef working at the All American Steakhouse

THE INDUSTRY CONTINUES TO GROW

This chart details the growth of full-service restaurant sales over the past 6 years.

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