Nation’s Restaurant News: More Independent Restaurants Are Closing Their Doors

Independent restaurants are declining in number, with 19,000 fewer locations than in 2012, while chain restaurants continue to rise.

Read the original at 1851 Franchise
Nation’s Restaurant News: More Independent Restaurants Are Closing Their Doors

TL;DR

Independent restaurants are declining in number, with 19,000 fewer locations than in 2012, while chain restaurants continue to rise with 17,000 new locations. The number of independent restaurants has dropped significantly, especially in certain regions such as the Mountain, Mid Atlantic, and West North Central regions.

Restaurant owners operating outside of large chains and franchise systems are having a hard time keeping their doors open for business.

According to a recent article in Nation’s Restaurant News , new data from the market research firm The NPD Group shows that numerous independent restaurants have shuttered over the last four years, despite the turnaround happening in the American economy. There are 19,000 fewer independent restaurants today than there were in 2012. However, on the other hand, the number of chain restaurants continues to rise—they’ve added 17,000 new locations in the same time frame.

“Independents are declining across the board, with some of the steepest declines occurring in the largest markets,” said NPD analyst Bonnie Riggs. She went on to say, “As more chains come on the scene, it’s difficult for independents to keep up with marketing dollars. Also, a lot of independent restaurants didn’t stay relevant in terms of consumer needs.”

Regional location seems to have an impact on whether or not independent restaurants survive—more restaurants are closing their doors in the Mountain, Mid Atlantic and West North Central regions. In the year that ended in March of 2016, independent restaurant counts dropped four percent in each of those regions.

Cassie has over five years of digital and traditional media experience. She joined NLA after working as a television news producer in both Milwaukee and Chicago, and now specializes in aligning strategies across the board for her clients, ultimately building buzz and telling compelling stories through content marketing, social media, digital campaigns and traditional PR. Cassie has a Bachelor of Arts in Broadcast and Electronic Communications from Marquette University.

In her spare time, Cassie enjoys traveling and exploring what new cities have to offer in addition to spending time with her friends and family.

In this story

This story was originally published in 1851 Franchise on August 31, 2016. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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