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Industry Survey: State of Your Restaurant - 2009

In recessionary times, restaurants often feel the pinch well before other businesses as consumers tighten their financial belts. This is especially true for any restaurant not considered a fast food operation. However, it is amazing to see some operators flourish - even when the rest of the country is facing record unemployment and reduced spending.

In our State of Your Restaurant Survey for 2009, we asked members to tell us how they have fared during one of the largest recessions of modern times. The report below shows the collective responses for all respondents. While this information is beneficial, more meaningful comparisons can be made by reviewing the results of those restaurants more closely related to your concept or located within your geographical area. To help you, we have filtered the responses and prepared summary reports for the following areas: Service Style, Market Size and Geographic region.

Learn how other operators have responded to the recession by viewing their individual responses to these questions:

   

What are you doing in your restaurant now that you weren't doing last year in response to a slower economy?

What's the smartest or most effective change you've made in response to a slower economy?

Has the recession curtailed any plans for growing or expanding your business?

Are you optimistic or pessimistic about your prospects for financial success in the restaurant business over the next year?

Responses by Service Style

Was your restaurant PROFITABLE during the first half of 2009?

All

Respondents

Full Service

(Fine dining)

Full Service

(Casual/family)

Limited Service

(Fast casual/buffet)

QSR

Counter Service

Bar/Tavern

Takeout/

Catering

# of responses

(627)

(66)

(398)

(63)

(30)

(37) (26)
Yes, our NET INCOME was greater than 10% of sales 18.3% 15.4% 19.6% 25.4% 3.3% 10.8% 15.4%
Yes, our NET INCOME was between 2% to 10% of sales 31.1% 26.2% 33.4% 15.9% 50.0% 24.3% 34.6%
We were marginally profitable or broke-even 22.2% 18.5% 21.9% 19.0% 26.7% 29.7% 23.1%
No, we had a NET LOSS equal to less than 10% of sales 14.0% 12.3% 14.6% 17.5% 13.3% 13.5% 3.8%
No, we had a NET LOSS of more than 10% of sales 10.8% 23.1% 7.0% 17.5% 6.7% 18.9% 15.4%
Other 3.7% 4.6% 3.5% 4.8% 0% 2.7% 7.7%
How does your 2009 NET INCOME compare to the same period in 2008?

All

Respondents

Full Service

(Fine dining)

Full Service

(Casual/family)

Limited Service

(Fast casual/buffet)

QSR

Counter Service

Bar/Tavern

Takeout/

Catering

Much better 13.5% 13.8% 13.9% 11.9% 20.0% 8.3% 11.5%
A little better 26.6% 27.7% 29.8% 22.0% 23.3% 8.3% 15.4%
About the same 15.3% 6.2% 15.9% 20.3% 10.0% 16.7% 19.2%
A little worse 21.8% 18.5% 22.4% 25.4% 13.3% 25.0% 19.2%
Much worse 14.4% 26.2% 11.6% 6.8% 23.3% 30.6% 15.4%
Other 8.4% 7.7% 6.4% 13.6% 10.0% 11.1% 19.2%
How do your 2009 SALES compare to the same period in 2008?

All

Respondents

Full Service

(Fine dining)

Full Service

(Casual/family)

Limited Service

(Fast casual/buffet)

QSR

Counter Service

Bar/Tavern

Takeout/

Catering

Sales up 10% or more 16.8% 9.4% 18.1% 13.3% 26.7% 10.8% 24.0%
Sales up 2% to 10% 18.1% 10.9% 20.4% 25.0% 13.3% 8.1% 4.0%
About the same as last year 13.2% 14.1% 13.3% 15.0% 6.7% 16.2% 8.0%
Sales down 2% to 10% 20.6% 20.3% 21.2% 16.7% 26.7% 18.9% 16.0%
Sales down 11% to 20% 14.5% 21.9% 14.0% 11.7% 16.7% 10.8% 16.0%
Sales down more than 20% 8.8% 17.2% 6.1% 8.3% 0.0% 24.3% 20.0%
Other 7.8% 6.3% 6.9% 10.0% 10.0% 10.8% 12.0%
How would you describe the overall financial condition of your business at this time?

All

Respondents

Full Service

(Fine dining)

Full Service

(Casual/family)

Limited Service

(Fast casual/buffet)

QSR

Counter Service

Bar/Tavern

Takeout/

Catering

Good to excellent (sufficient cash for owner distributions) 29.6% 25.8% 32.4% 28.6% 23.3% 21.6% 19.2%
Adequate (able to pay bills when due) 40.5% 42.4% 39.2% 33.3% 56.7% 37.8% 53.8%
Poor (challenges paying bills when due) 22.4% 24.2% 21.1% 31.7% 16.7% 21.6% 23.1%
Dreadful (financial challenges threatening our survival) 5.8% 4.5% 5.8% 4.8% 3.3% 13.5% 3.8%
Other 1.8% 3.0% 1.5% 1.6% 0.0% 5.4% 0.0%

View results by Market Size (population)

View results by Geographic Region

Canada North Central Northeast South West
Alberta Illinois Connecticut Arkansas Arizona
British Columbia Indiana Maine Delaware California
Manitoba Iowa Massachusetts District of Columbia Colorado
New Brunswick Kansas New Hampshire Florida Idaho
Newfoundland & Labrador Michigan New Jersey Georgia Nevada
Northwest Territories Minnesota New York Kentucky New Mexico
Nova Scotia Missouri Pennsylvania Louisiana Oregon
Ontario Montana Rhode Island Maryland Utah
Prince Edwards Island Nebraska Vermont Mississippi Washington
Quebec North Dakota   North Carolina Wyoming
Saskatchewan Ohio   Oklahoma  
Yukon South Dakota   South Carolina  
  Wisconsin   Tennessee  
      Texas  
      Virginia  
      West Virginia  



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