US Restaurant Industry over view
Facts 2007
? Sales: $537 billion
? Locations: 935,000 ? serving more than 70 billion meal and snack occasions
? Employees: 12.8 million ? the industry is the largest employer besides government
Industry Sales
Restaurant industry sales
(Billions of current dollars)
Type of Establishment 2007 Estimated Sales (Billions)
Commercial $491
Eating places $363
Drinking places $16
Managed services $36
Lodging-place restaurants $27
Retail, vending,
recreation,
mobile $49
Other $46
Nation's Economy
? Restaurant-industry sales are forecast to advance 5% in 2007 and equal 4% of the U.S. gross domestic product.
? The overall economic impact of the restaurant industry is expected to exceed $1.3 trillion in 2007, including sales in related industries such as agriculture, transportation and manufacturing.
? Every dollar spent by consumers in restaurants generates an additional $2.34 spent in other industries allied with the restaurant industry.
? Every additional $1 million in restaurant sales generates an additional 37 jobs for the nation's economy.
? Average unit sales in 2004 were $795,000 at fullservice restaurants and $671,000 at limited-service restaurants.
? The average household expenditure for food away from home in 2005 was $2,634, or $1,054 per person.
? More than seven out of 10 eating-and-drinking places are single-unit (independent) operations.
Number One Employer
o The restaurant industry employs an estimated 12.8 million people, making it the nation's largest employer outside of government.
o Eating-and-drinking places are extremely labor-intensive -- sales per fu ...