THE STATE OF LOCAL RESTAURANTS 2018
We analyzed transactions for every day of the 2017 calendar year at 26,000 small, independent restaurants across America. The result is a comprehensive look at when restaurants earn the most money, when they seat the most guests, and which states make the most dough from patrons who #eatlocal.
What we learned about New York
New York is the 9th-ranked state for restaurants. For the most part, restaurants in New York follow the national trends and averages, the main exceptions being the significantly higher average ticket size and subsequently higher daily sales revenues.
Understanding this report
To understand the average day for restaurants in America, we took a multidimensional look at their performance. We specifically looked at:
- Transactions: How many individual payments restaurants process.
- Ticket Size: How much patrons spend on average per transaction.
- Daily Sales Revenue: How much revenue restaurants make per day.
THE AVERAGE DAY FOR NEW YORK RESTAURANTS
Restaurants in New York tell an interesting story. Despite the below-average number of transactions on a daily basis, restaurants in The Empire State are still the 9th best for restaurant revenue. They make up ground with their above-average ticket size, the highest in the United States.
|Transactions||Ticket Size||Sales Revenue|
|National Rank: 29||National Rank: 1||National Rank: 7|
NEW YORK WEEKDAYS COMPARED TO WEEKENDS
Like most states, restaurants in New York see more revenue come in on the weekend, as well as higher ticket averages and more transactions.
NEW YORK’S AVERAGE WEEK
Here we see a day-by-day look at the average daily sales revenue in New York compared to the national averages. Restaurants in New York see a slightly-below-average Friday, but they make up for it on Sundays.
THE AVERAGE YEAR FOR NEW YORK RESTAURANTS
Annual revenue patterns for restaurants in New York follow the national averages.
TOP 5 DAYS FOR NEW YORK RESTAURANTS
Here’s a look at New York’s top days for restaurants. New York restaurants hold with the national average best day: Mother’s Day. After that, however, there isn’t a clear trend.
|MAY 14Mother’s Day||MAY 20||DEC 16Weekend before Christmas||NOV 4||DEC 2|
NEW YORK RESTAURANTS ON PROMINENT DAYS
Restaurants put a lot of focus and work into big events and holidays, but how do the most prominent days rank compared to the rest of the year and the average day?
|Day||Rank/365||Daily Sales||Change in sales||Number of transactions||Change in Transaction Volume||Avg transaction size||Change in Average Ticket|
|Cinco De Mayo||63||$2,690||28.69%||51||27.42%||$52.38||1.82%|
|Day before T-giving||158||$2,123||1.58%||44||9.82%||$47.97||-6.75%|
|New Year’s Eve||68||$2,670||27.73%||38||-5.54%||$70.13||36.33%|
Womply analyzed daily revenue for 25,893 restaurants in all 50 states and the District of Columbia for all 365 days of the 2017 calendar year. Restaurants were only qualified for the analysis if Womply had a full year of transaction history and the business recorded multiple transactions per day, on average. Category and overall state rankings are based on a composite score of each state’s transactions, average ticket sizes, and overall daily revenue.
Womply is a software-as-a-service (SaaS) provider to small businesses and one of the fastest growing software companies in America. Our mission is to help small businesses thrive in a digital world. Every day we serve more than 100,000 small businesses across 400+ business verticals, in every corner of America. To learn more, visit https://www.womply.com or email email@example.com.