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The United States restaurant industry was projected at $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [1] [2] An estimated 99% of companies in the industry are family-owned small businesses with fewer than 50 employees. [3]
This is a list of the largest fast-food restaurant chains by their number of locations in the world. Country of origin Name Number of locations Revenue 1 China
Cover per Occupied Room (CPOR) is one statistic which can be used in forecasting. [3]This is the average spent per individual customer, which can be calculated separately for each member of the serving staff.
According to the U.S. Census Bureau's September retail sales report, restaurant sales have declined yet again through the summer months.
The Chinese restaurant table distribution (CRT) is the probability distribution on the number of tables in the Chinese restaurant process. [5] It can be understood as the sum of n {\displaystyle n} independent Bernoulli random variables, each with a different parameter:
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In 1987, Morton's, then with $15 million in sales and nine restaurants throughout the United States, was sold for $12.4 million to the venture capital firm Quantum Restaurant Group, Inc. in partnership with the Baltimore brokerage house Alex. Brown & Sons. Fritsch stayed on as president. [14]