Lounge 264 - Nightclub -Sample Restaurant Business Plan

12 © BPLANEXPERTS.COM Market Analysis Summary Bars, Nightclubs and Drinking Establishments in USA The domestic economy’s decline and increasing unemployment forced people to become more selective regarding their spending pattern. People cut down on spending across the board, and as a result the spending on luxuries like trips to bars or clubs. However, consumer spending has gone up in 2010. 1 The drinking places segment includes bars, taverns and other drinking venues and produces 3.2% of total restaurant industry revenue as per NRA figures. 2 The key industry statistics are: 3 Key Industry Figures 2010 Units Industry Revenue 21,292 $Mil Revenue Growth 1.1 % Industry Gross Product 5,514.10 $Mil Number of Establishments 67,290 Units Number of Enterprises 67,177 Units Employment 363,174 Units 1 http://www.ibisworld.com/industry/default.aspx?indid=1685 2 http://198.64.128.117/publications/documents/hospitality/RestaurantIndustryForecastReport ‐ Oct2010.pdf 3 http://www.ibisworld.com/industry/default.aspx?indid=1685