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Industry Survey: State of Your Restaurant - 2010

In 2009, our State of Your Restaurant Survey revealed that many restaurant operators were feeling the affects of the recession; however, many continued to do well - despite the fact that that the country was facing record unemployment and reduced consumer spending.

In our State of Your Restaurant Survey for 2010, we again asked our members to tell us how they have fared during this still somewhat sluggish economy. 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.

To compare 2010 results to that of our 2009 survey, please visit the State of Your Restaurant Survey - 2009.

Learn how other operators have responded to our current economic environment by viewing their individual responses to these questions:

   

What operational, marketing or management changes have you made in your restaurant during the past year?

What changes are working the best?

Has your current outlook of the economy curtailed any plans for growing or expanding your business?

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

Responses by Service Style

Was your restaurant PROFITABLE during the first half of 2010?

All

Respondents

Full Service

(Fine dining)

Full Service

(Casual/family)

Limited Service

(Fast casual/buffet)

QSR

Counter Service

Bar/Tavern

Takeout/

Catering

# of responses

(754)

(96)

(478)

(71)

(35)

(46) (23)
Yes, our NET INCOME was greater than 10% of sales 18.0% 20.0% 16.2% 31.0% 20.0% 19.6% 4.3%
Yes, our NET INCOME was between 2% to 10% of sales 32.9% 35.8% 33.8% 23.9% 45.7% 19.6% 34.8%
We were marginally profitable or broke-even 25.9% 24.2% 26.9% 22.5% 8.6% 30.4% 39.1%
No, we had a NET LOSS equal to less than 10% of sales 11.7% 8.4% 13.0% 11.3% 14.3% 8.7% 4.3%
No, we had a NET LOSS of more than 10% of sales 9.3% 9.5% 8.0% 11.3% 11.4% 13.0% 17.4%
Other 2.1% 2.1% 2.1% 0% 0% 8.7% 0%
How does your 2010 NET INCOME compare to the same period in 2009?

All

Respondents

Full Service

(Fine dining)

Full Service

(Casual/family)

Limited Service

(Fast casual/buffet)

QSR

Counter Service

Bar/Tavern

Takeout/

Catering

Much better 18.2% 37.2% 14.6% 20.0% 14.3% 17.8% 17.4%
A little better 31.5% 25.5% 33.2% 28.6% 40.0% 28.9% 21.7%
About the same 18.2% 13.8% 19.9% 12.9% 20.0% 15.6% 17.4%
A little worse 19.2% 12.8% 20.7% 21.4% 17.1% 13.3% 21.7%
Much worse 6.9% 3.2% 6.6% 7.1% 5.7% 11.1% 21.7%
Other 6.1% 7.4% 5.1% 10.0% 2.9% 13.3% 0%
How do your 2010 SALES compare to the same period in 2009?

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 20.6% 34.0% 18.3% 21.7% 17.1% 17.8% 26.1%
Sales up 2% to 10% 26.7% 33.0% 26.1% 20.3% 34.3% 28.9% 17.4%
About the same as last year 14.7% 5.3% 17.0% 14.5% 14.3% 11.1% 17.4%
Sales down 2% to 10% 19.3% 13.8% 20.6% 18.8% 20.0% 15.6% 17.4%
Sales down 11% to 20% 8.3% 4.3% 8.4% 8.7% 8.6% 13.3% 13.0%
Sales down more than 20% 3.6% 2.1% 3.6% 4.3% 2.9% 4.4% 8.7%
Other 6.7% 7.4% 6.1% 11.6% 2.9% 8.9% 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) 30.1% 35.4% 30.5% 35.2% 28.6% 21.7% 4.3%
Adequate (able to pay bills when due) 42.2% 45.8% 42.3% 36.6% 45.7% 37.0% 47.8%
Poor (challenges paying bills when due) 20.2% 13.5% 20.1% 18.3% 22.9% 30.4% 26.1%
Dreadful (financial challenges threatening our survival) 6.1% 4.2% 5.9% 9.9% 2.9% 4.3% 17.4%
Other 1.5% 1.0% 1.3% 0.0% 0.0% 6.5% 4.3%

View results by Market Size (population)

View results by Geographic Region

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


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