By the end of 2023, the restaurant industry is primed to disclose a remarkable annual sales figure of $997 billion, prompting an exploration of restaurant industry statistics.
In the 2021 post-pandemic period, the food and beverage sales in the U.S. food service industry saw a remarkable 19.7% growth. It also reached a substantial $789 billion, underlining the industry’s robustness and adaptability.
Thus, today we will delve into the restaurant industry’s statistics, providing insight into the key trends and factors that are shaping its fascinating journey.
The average restaurant serves approximately 100 customers per day. (Source: Liberty Cheesesteaks) In 2022, off-premise dining accounted for over 40% of all restaurant sales.
3. Average Restaurant Sales and Growth Rate
The projected total annual sales for 2023 are estimated to reach $997 billion.
| Segment | 2019 | 2020 | 2021 |
| Full-service segment | $285 billion | $199.5 billion | $220.8 billion |
| Limited service segment | $308.9 billion | $290.4 billion | $313.6 billion |
| Bars and taverns | $22 billion | $7.7 billion | $13.9 billion |
| Other food establishments | $248.4 billion | $161.5 billion | $183.2 billion |
| Total | $864.3 billion | $659 billion | $731.5 billion |
1 Restaurant Industry Statistics: Pandemic Effect
The COVID-19 pandemic dealt a devastating blow to the restaurant industry, resulting in widespread closures and severe job losses for millions of restaurant employees.
- Pandemic Job Loss: A staggering 2.4 million restaurant employees saw their jobs disappear throughout the pandemic.
- Holiday Season Unemployment: In the 2020 holiday season, a concerning 372,000 workers employed in restaurants and bars found themselves unemployed.
- Decline in Restaurant Sales: Restaurant sales experienced a substantial decline of $205.3 billion in 2020, marking a 23.8% decrease compared to the preceding year.
- Permanent Restaurant Closures: In March 2021, approximately 10% of all restaurants in the United States have permanently closed their doors since the onset of the pandemic.
- Total Restaurant Closures: At the outset of the pandemic, a total of 778,807 food establishments were operating in the United States. However, 79,438 of these restaurants have succumbed to permanent closure since then.
RESTAURANT CUSTOMER SERVICE: GREETING TIPS
FAQ
What is the average daily sales of a small restaurant?
How many online orders does a restaurant get per day?
How much does a busy restaurant make a day?
How many people does a typical restaurant seat?
|
Restaurant Type
|
Square Feet to Allocate per Person
|
Number of Seats per 1000 SQFT
|
|
Fine Dining
|
20 SQFT
|
50
|
|
Fast Casual / Counter Service
|
20 SQFT
|
50
|
|
Cafeteria
|
16 SQFT
|
60
|
|
Fast Food
|
14 SQFT
|
70
|
How many customers does a restaurant serve a day?
The average restaurant serves approximately 100 customers per day. (Source: Liberty Cheesesteaks) In 2022, off-premise dining accounted for over 40% of all restaurant sales. (Source: Mad Mobile) Fast-casual restaurants are expected to be the fastest-growing segment of the restaurant industry in 2023. (Source: QSR Magazine)
How many people work in the restaurant industry?
The restaurant industry employs over 15 million people in the United States, making it the second-largest private sector employer. (Source: Wikipedia) The restaurant industry accounts for approximately 10% of the total US workforce. (Source: Medium) The average restaurant serves approximately 100 customers per day. (Source: Liberty Cheesesteaks)
How much money does a restaurant make per month?
Total monthly sales = ( ($2,200 per day x 7 days) + $500 in events per week) x 4 weeks per month = $63,600 These projections may be modest. If you are to purchase a franchise, it may have more success depending on the name and reputation of the restaurant.
How many types of service are there in the restaurant industry?
There are 4 styles of service in the restaurant industry: Restaurants operate on thin margins, so it is vital to know the style of your restaurant when making projections. Each style of restaurant has a number of similarities and a number of differences when it comes to the financial model of the business.