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 Rhode Island
Rhode Island is the 42nd-ranked state for restaurant revenues. Restaurants in The Ocean State experience a slightly slower summer than the national average, but they make up for it with a stronger fall season.
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 RHODE ISLAND RESTAURANTS
Restaurants in Rhode Island rank 38th for the average number of transactions each day, 42nd for average ticket size, and 41st for average daily revenues.
|Transactions||Ticket Size||Sales Revenue|
|National Rank: 38||National Rank: 42||National Rank: 41|
RHODE ISLAND WEEKDAYS COMPARED TO WEEKENDS
Like most states, restaurants in Rhode Island see more revenue, more transactions, and higher average ticket sizes on the weekend.
RHODE ISLAND’S AVERAGE WEEK
Here we see a day-by-day look at the average daily sales revenue in Rhode Island compared to the national averages. Rhode Island restaurants see slightly less revenue come in on Sunday and Monday, but they make up for that on with stronger Fridays and Saturdays.
THE AVERAGE YEAR FOR RHODE ISLAND RESTAURANTS
On a national level, sales revenues only have a subtle variation from month to month. That mostly holds true for Rhode Island. The exception being during the summer, which is slightly lower than the national average.
TOP 5 DAYS FOR RHODE ISLAND RESTAURANTS
Here are the top revenue-generating days for restaurants in Rhode Island. Like most other states, their best days happen on the weekends around Mother’s Day and Cinco de Mayo.
|MAY 6Cinco de Mayo Weekend||MAY 14Mother’s Day||MAY 13Mother’s Day Weekend||MAR 18St. Patrick’s Day Weekend||SEPT 30|
RHODE ISLAND 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||36||$1,525||51.08%||49||34.98%||$31.14||12.53%|
|Day before T-giving||55||$1,456||44.22%||49||35.71%||$29.57||6.85%|
|New Year’s Eve||107||$1,179||16.79%||28||-22.09%||$41.71||50.73%|
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 firstname.lastname@example.org.