The food service industry, as well as others, took a big hit during the pandemic. You may know a favorite establishment that had to close its doors.
Research shows that 10.2% of U.S. food establishments will permanently close. This is not just one type of restaurant, it includes fast food, casual dining, fine dining and food trucks. In fact, 22.5% of food trucks are permanently off the road. Among chain restaurants, those with 51-100 locations suffered a 16.2% closure rate. Thai and burger restaurants had the lowest closure rate.
The data for this research was from Datassential.
Source: Food Technology, June 2021
