Restaurants Bound to Suffer from Financial Crisis, Finds Technomic

What’s the reason you would want to be in the food business right now? Niche businesses with a small clientele won’t be affected by this sort of thing, right?

In a recently-completed survey of consumers, Chicago-based foodservice consultants Technomic, Inc. found that the financial market meltdown is likely to cause a high number (74 percent) of consumers to visit both quick- and full-service restaurants less often.

Technomic also found that over 50 percent of consumers – and over 70 percent of higher-income consumers – plan to spend less when they do visit either type of restaurant.

Restaurants Bound to Suffer from Financial Crisis, Finds Technomic

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