Full –service restaurants (NAICS 722511) industry trends
The full-service restaurants industry comprises establishments providing food services as well as waiter/waitress services to patrons. Waiter/waitress services mean that patrons who order are served while seated and pay after eating. These establishments may provide food services along with other services, including the sale of alcoholic beverages, takeout services or live nontheatrical entertainment.
The Census Bureau’s most recent data indicates that there are approximately 260,455 firms within this industry.
According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 3.40 percent. During this same time, the average gross profit margin was 57.82 percent.
The graph below shows business statistics for the average company in the full-service restaurants industry.