Leaders at both independent restaurants and multiunit operations are cautiously optimistic that their sales and traffic will continue to improve, generating the capital they need to fund their objectives in the coming year. Yet they acknowledge that food costs and labor costs — which continue their rapid ascent amid lingering inflation — will put pressure on profitability and could significantly slow growth plans.
NRN Intelligence investigated the challenges facing 300 decision makers, including those particularly vexing to independent operators.
Rising Costs Take a Toll
The State of
Independent Restaurants
An NRN Intelligence Study of 300 Industry Leaders
1%
Significantly Worse
Expected Change in Traffic & Sales, Next Six Months
October 2023
Get Your Free Report
14% Significant Improvement
Nearly two-thirds of restaurant operators expect their sales and traffic to grow in the coming six months.
A third of respondents rate their firm’s client facing technology very positively (top-two box). Next Generation advisors are slightly more positive about their client facing technology are Established advisors.
See Full Report
Learn the Latest From Fellow Operators
As the dedicated professional foodservice business of Unilever operating in 76 countries around the world, UFS leads the industry in providing innovative and high-quality professional food ingredients and value-adding services. Created by 250 professional chefs and covering 50 cuisines, in 200 million dishes a day, UFS features strong brands, such as Knorr Professional, Hellmann’s, The Vegetarian Butcher and Carte d’Or, and talented entrepreneurial people who work closely with chefs and distributive partners every day. UFS is an inspiring global company, providing products and services created by chefs for chefs, aiming to do this in a sustainable way. For more information, please visit http://www.ufs.com/.
Unilever Food Solutions (UFS) is proud to be part of Unilever, one of the world’s leading suppliers of fast-moving consumer goods.
Get Your Free Copy
About Unilever
Visit Unilever
Sponsored by:
Report
Runaway food costs affect menu makers across the entire industry, but those weren’t the only challenges cited by independent operators in the report. Independents and full-service operators noted greater difficulty sourcing the ingredients they needed and developing the culinary skill needed for their back-of-house staff to execute signature dishes or limited-time offers.
New Obstacles to Menu Innovation
Key Findings
Nearly 3 in 5
51%
Slight Improvement
12%
Slightly Worse
21%
No Change
Understand the challenges — and the opportunities — facing independent operators.
operators say food cost inflation continues to hinder menu development.
Understanding
the Independent Restaurant Landscape
65%
Form Goes Here
© 2023 Informa USA, Inc., All Rights Reserved | Privacy Policy | Terms of Service
