Industry Analysis & Industry Trends
The Full-Service Restaurants industry has been recovering strongly over the past five years. Industry performance has been largely influenced by trends in consumer preferences. As disposable income and consumer confidence has recovered, consumers have returned to full-service dining, which has greatly expanded as consumer tastes have become more adventurous. Since the industry returned to its size prior to the 2008 economic crisis, growth has slowed slightly, with revenue increasingly under pressure from the growth of takeaway apps that have drawn customers away from full-service restaurants.
Despite strong growth in the industry, some of the UK's biggest restaurant chains have struggled to expand... purchase to read more
Industry Report - Starting a New Business Chapter
There are no significant barriers to entering this industry, although some operators may struggle to generate the initial capital funds to purchase or lease a suitable site. The industry has many small operators and is highly fragmented. Competition can be fierce, particularly because many restaurants are densely located in small areas like town centres. Increasingly strict regulations for food handling and safety must be recognised and complied with. Meeting these requirements usually requires access to professional staff training programmes.
The level of product differentiation among operators can provide an advantage to some restaurants. Promotions and restaurant branding can reinforce consumer awareness of product differentiation between restaurants... purchase to read more