How We Can Help
Our services can capture your sales and volumes on a per customer basis to identify ways you can better serve their needs, strengthen your relationships and increase your revenues. After studying your food and drink revenue drivers we can run campaigns to offer incentives for clients to come during non-peak hours, loyalty programs to incentive more purchases and offer combo food packages. We can also identify potential new clients that have similar demographics and psycho graphics as your existing clients and exactly how far they are from your location.
Industry Overview
Over the five years to 2019, the Fast Food Restaurants industry has grappled with consumer preferences shifting from unhealthy foods, as well as a saturated food service landscape that has kept prices low. However, compared with other operators in the hospitality sector, fast food restaurants have still performed well over the five years to 2019 due to their low prices and convenience they offer. The addition and popularity of fast-casual restaurants have also boded well for this industry as a whole. While heavy competition from other segments of the food services sector has forced fast-food operators to emphasize low prices in a battle to attract consumers, steady consumer spending has curtailed revenue losses during the period.
Full-Service Restaurants:
NAICS Code 722511: This U.S. industry comprises establishments primarily engaged in providing food services to patrons who order and are served while seated (i.e., waiter/waitress service) and pay after eating.
Limited-Service Restaurants:
NAICS Code 722513: This U.S. industry comprises establishments primarily engaged in providing food services (except snack and nonalcoholic beverage bars) where patrons generally order or select items and pay before eating.