Corporate Finance Advisors
This U.S. industry comprises establishments primarily engaged in providing food services to patrons who order and are served while seated (i.e., waiter/waitress service) and pay after eating. These establishments may provide this type of food service to patrons in combination with selling alcoholic beverages, providing carryout services, or presenting live nontheatrical entertainment.
United States, 2022
| Restaurants and Other Eating Places (NAICS 7225) | |
|---|---|
| Employer establishments | 606,091 |
| Paid employees | 10,868,031 |
| Annual payroll | US$253.51 billion |
| Average payroll per employee | US$23,326 |
Canada, July 2023
| Full-service restaurants and limited-service eating places (NAICS 7225) | |
|---|---|
| Business locations with employees | 66,313 |
| Share with 1–99 employees | 98.5% |
U.S. figures count employer establishments (physical locations); Canadian figures count business locations with employees. The two measures are not directly comparable.
$1 Million - $5 Million Net Sales
Statistics (Restaurants)
Restaurants are valued location by location, so the economics of each unit and its lease are central. How involved the owner is in daily operations also affects what a buyer would pay.
Sources
Minerva's CBVs value restaurants for family law matters, tax and estate planning, and transactions.
