Specialty Eateries
Competitive Landscape
Demand is driven by demographics, consumer tastes, and personal income. The profitability of individual companies depends on efficient operations and high volume sales. Large companies have advantages in purchasing, finance, and marketing. Small companies can compete effectively by offering high-quality menu items and providing superior customer service. The industry is labor-intensive: annual revenue per employee is about $50,000.
Opportunities
Continued Popularity of Gourmet Coffee - Gourmet coffee accounts for about 40 percent of the coffee consumed in the US, according to the National Coffee Association. With about 55 percent of...
Business Challenges
Intense Competition for Snack Eaters - Fast food and full service restaurants are now significant competitors in the snacking and nonalcoholic beverage market, a key target for specialty eateries. Menu items...