Do You Love Food? - Then Peradventure Opening a Eating place is Not Such a Crazy Idea
by:
Howard Schwartz
The eating place industry in the United States employs an calculable
12.2 million people, production
it the nation's largest leader
outside of government agencies.
The eating place industry in the United States employs an calculable
12.2 million people, production
it the nation's largest leader
outside of government agencies. This industry provides activity for much than 9 per centum of those employed in the United States.
Eating-and-drinking places are extremely labor-intensive -- sales per full-time-equivalent worker
were $57,567 in 2003 and notably lower than else industries. Much than four out of 10 adults have worked in the eating place industry at several time during their lives and 27 per centum of adults got their 1st job experience in a restaurant. Every additional $1 million in eating place sales generates an additional 42 jobs for the nation's economy. In 2004 much than 54 billion meals were eaten up in restaurants and school and activity cafeterias.
The typical worker
in a foodservice occupation is:
- Female 55%
- Under 30 years of age 52%
- Single 68%
Between 1970 and 2002, restaurant-industry sales wish post a compound annual growth rate of 7.3 percent. Industry pundits are now tipping that eating place industry sales on a typical day in 2005 wish topple $1.3 billion. This equates to an annual estimate for 2005 of $476 billion in eating place sales. This likewise includes the impact that such sales wish generate in related industries such as agriculture, transportation and manufacturing. They estimate that there wish be much than 900,000 locations serving much than 70 billion meal and snacks. The industry wish continue to expand driven by the desire of American's need for convenience an increase in their disposable income, and the need for fast food to fit today's busy lifestyles.
Learn much just about developing your own eating place business plan:
Just just about the author:
Howard Schwartz is a partner in several business strategy groups, including HJ Ventures International, Inc. Howard has worked with hundreds of entrepreneurs global with a focus on writing business plans for companies interested in raising capital from Venture Funds and Angel Investors. Howard’s business plans have secured several million dollars in funding. For much information: http://www.hjventures.com
