New Restaurant Stats.

According to Nielsen Research here are some. There has been  DECLINE in number of restaurants 4628 units to be exact.

Total sales figures are DOWN second yar in a row off nearly 10 billion from a year ago.and nationally sales have fallen on a per unit basis by almost $10,000 per  place.

New Orleans since Katrina biggest comeback and $124 million in restaurant growth.

NRA predicts 2011 will be first year real sales growth in last 4 years..

Hi Growth Restaurant ares include Crestview Florida///Myrtle Beach S.C.////Jackson Tenn.///Barnstable Mass./// Ocean City N.J///Las Vegas and Paradise Nevada///Flagstaff Arizona//Panama City -Lynn Haven Fla.

Worst Growth Potential ///Soux City Iowa

Nielsen is a survey and consulting company.and has been around for years and is highly respected by many industries.

KY  Its all in this monthes Restaurant Business Magazine which is sent out free to people in industry. I believe it is the offshoot of the old Institutions Magi.Starts on Page 24 to page 43  Results Rest. Growth Index (RGI)  Survey. Interesting Article. Goes thru every state and locality.Some restaurants Gross did go up. I disagree with them when they say 2011 will be better. Not with price of food going the way it is, I think it will be worse Even in supermarket who's prices I follow I find more and more people who before never even gave it a notice commenting on food prices. Unbelievable I pity the average family with kids and mortgages, makes me glad at times I am my age and not just starting out, old age has some benefits.

Quote:

Originally Posted by KYHeirloomer 

I believe you're right about the impact of food prices, Ed. But, realistically, there was no way they could predict that.

 

I used to work next door (well, a floor apart) from the Institutions people. Only editorial group I ever met that were stranger were the folks from Fast Frozen Foods, which has also gone the way of the dodo bird.

 

 

Believe it or not the one who predicted this would be the year was The NRA in the same study. I take what they say  with a grain of salt. I believe Nielsen is more reliable. As long as the  housing continous the way it is packaged and with unenployment figures as they are, and now with higher raw food cost Ireally can't see drastic improvement for this year. Its catch 22  . Industry can't raise menu price for fear of customer and volume loss, yet with food cost going up daily they have to do something. Most of them have cut everything already and there is no more to cut.. Glad I sold my places years ago.