Industry Analysis & Industry Trends
The Full-Service Restaurants industry has endured a difficult time over the past five years. The economic downturn caused many consumers to cut back their discretionary spending on activities such as dining out. Some traded down to cheaper takeaway options or chose to cook at home instead. Changes to government regulation and policies concerning wage costs, alcohol tax and food safety have prevented growth. Industry profitability is estimated to have dropped because of declining patronage, falling prices and rising labour and food costs. Several struggling operators have been forced to exit the industry but some have found opportunities to expand their operations... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry encompasses a large number of single-establishment, owner-operated restaurants, so it is highly fragmented. Owners typically compete on price, menu offerings and cuisine. The top four players are expected to account for 9.7% of industry revenue in 2014-15. This equates to a low level of industry concentration, and this is not expected to change over the next five years.
Owner-operators put a significant proportion of their own time and effort into running a restaurant. A large number of qualified chefs in the industry want to have their own business so they can create and experiment with their own dishes. The hours are arduous and many meal-preparation tasks can be tedious and repetitive... purchase to read more