Report: Consumers prefer independent restaurants over chains
Independent restaurants are killing it.
That’s according to a recent report by foodservice consulting firm Pentallect Inc., in conjunction with research partner Critical Mix.
Both traffic and revenue growth among independent restaurants is outperforming chains, the report said, indicating a shift from historical patterns when chains were driving growth across the industry.
Pentallect estimated 2016 sales of $210 billion for independent restaurants and small chains, while larger chains saw sales of $312 billion.
However, from 2017 through 2020, independent restaurants are expected to see annual revenue growth of 4 percent to 5 percent. That’s almost double the 2-percent to 3-percent