Foundation Report Examines Restaurant Sector and Equipment Finance Company Opportunities

September 18, 2023, 07:22 AM

Filed Under: Equipment Leasing & Finance Foundation

Related: Equipment Leasing & Finance Foundation, Restaurant Equipment, Tom Ware

Over half of restaurant operators are planning to increase their equipment and supply budgets in 2023, and 67 percent plan to make kitchen equipment replacements, according to a new study released by the Equipment Leasing & Finance Foundation (Foundation). The report, “Vertical Market Outlook Series: Restaurants,” provides an outlook on the restaurant sector in the U.S., including key trends and developments impacting this sector over the next one to two years. It is the ninth release of the Foundation’s forward-looking Vertical Market Outlook Series designed to help readers recognize and understand opportunities and challenges that may affect their businesses.

The report was commissioned by the Foundation and prepared by global advertising, technology, and data company Big Village, which also produced the previous studies in the Vertical Market Outlook Series. The new study presents data and research from a variety of sources, and examines a range of issues, including:

Restaurant market landscape: definition and composition
Macroeconomic environment: labor, government regulations impacting restaurants, impact of COVID, inflation, supply chain, financing, and failures and bankruptcies
Trends: equipment, role of technology, design, innovative venues, dining trends, sustainability, and generational differences.
Case studies: AI adoption and Taco Bell Defy Concept

“The study does an excellent job of surveying the restaurant landscape, the wide variety of restaurants in operation that could benefit from equipment finance, and the economic and market trends affecting them,” said Tom Ware, Foundation Research Committee Chair. “As with the previous releases in this vertical market series, this study provides indispensable data and analyses for equipment finance professionals to use in their strategic planning.”

Download the full report at https://www.leasefoundation.org/industry-resources/vertical-outlook/.

All Foundation studies are available for free download from the Foundation’s online library at http://store.leasefoundation.org/.