10 Ten Interesting Facts about the Restaurant Industry


It’s easy to find interesting facts about the Restaurant Industry. The National Restaurant Association publishes a Restaurant Owner Demographics Data Brief every year. After reading the March 2022 Data Brief, the Restaurant Broker at EATS Broker picked ten interesting facts.

  1. Hawaii (64%), Texas (59%), California (58%), Georgia (55%), Maryland (54%), and the District of Columbia (54%) have the highest proportion of restaurants that are owned by minorities.
  2. 63% of adults have worked in the restaurant industry, making it the nation’s training ground
  3. 41% of restaurant firms are owned by minorities – compared to 30% of businesses in the overall private sector.
  4. 9 in 10 restaurants have fewer than 50 employees
  5. 7 in 10 restaurants are single-unit operations
  6. 19% of restaurant firms are Asian-owned, 14% are Hispanic-owned, and 9% are Black- or African-American-owned.
  7. 9 in 10 restaurant managers started in entry-level positions
  8. 2023 Employment Forecast: 500,000 new jobs for total food service employment of 15.5 million
  9. 2023 Sales Forecast: $997 billion
  10. Restaurants employ more minority managers than any other industry.

Dallas Restaurant Broker Dominique Maddox says, “The U.S. restaurant industry has an enormous impact on how it affects people’s lives. I worked as a Sous Chef at the Alaska Club in Anchorage, Alaska, and as a waiter at Boniface Bingo. I’m forever thankful for my experience working in the Restaurant industry”.

Are you hungry for more exciting facts about the Restaurant Industry? According to Zippia.com:

-45.5% of restaurant owners are women, and 54.5% of restaurant owners are men

-46% of Restaurant Owners are over 40, and 28% are between the ages of 30-40

-49% of Restaurant owners earn a bachelor’s degree

-The average Restaurant Owner is 39

-The most common foreign language among restaurant owners is Spanish at 44.9%. The second-most popular foreign language spoken is French at 10.2%, and Thai is the third most popular at 7.9%.

To learn more about EATS Broker consulting services or receive a complimentary restaurant valuation, contact Dallas Restaurant Broker Dominique Maddox at 404-993-4448 or email at [email protected]. Visit our website at www.EATSbroker.com