Food for Thought: Restaurant Valuation
According to a recent article in The Appraisal Journal, industry sales among the 616,098 restaurants in the U.S. totaled $425.6 billion in 2012. Chain restaurants make up nearly 45% of the industry population in the U.S., and at a growth rate of 2.2% are expected to overtake independent establishments by 2023. Between 2010 and 2012, 22,000 restaurants were sold for a total of almost $11 billion. The article examines the projected growth rate for the restaurant sector, as well as the valuation methods that need to be employed based on whether the establishment is part of a chain, a concept restaurant or local business. You can read the full article by visiting The Appraisal Journal at the link below.