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 Tennessee
Tennessee is the 15th-ranked state for restaurants. Tennessee eateries enjoy steady, predictable seasonalities through the week and over the course of the year. When it comes to their top revenue generating days, no joke, April Fool’s Day was the best day for restaurants in Tennessee.
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 TENNESSEE RESTAURANTS
Restaurants in Tennessee rank 7th for the average number of transactions each day, 35th for average ticket size, and 15th for average daily revenues. All told, this makes The Volunteer State the 15th-ranked state for restaurants.
|Transactions||Ticket Size||Sales Revenue|
|National Rank: 7||National Rank: 35||National Rank: 15|
TENNESSEE WEEKDAYS COMPARED TO WEEKENDS
Like most states, restaurants in Tennessee see more revenue, more transactions, and higher average ticket sizes on the weekend.
TENNESSEE’S AVERAGE WEEK
Here we see a day-by-day look at the average daily sales revenue in Tennessee compared to the national averages. Tennessee perfectly follows the national trend.
THE AVERAGE YEAR FOR TENNESSEE RESTAURANTS
On a national level, sales revenues only have a subtle variation from month to month. That holds true for Tennessee.
TOP 5 DAYS FOR TENNESSEE RESTAURANTS
Here are the top revenue-generating days for restaurants in Tennessee. Like most states, Mother’s Day weekend made the list of their top 5 days. But the other days are a bit unique to Tennessee. And, no joke, April Fool’s Day was the #1 day for restaurants in Tennessee.
|APR 1April Fool’s Day||MAY 14Mother’s Day||FEB 25||MAR 4||MAY 13Mother’s Day Weekend|
TENNESSEE 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||15||$2,470||44.52%||81||44.92%||$30.58||0.09%|
|Day before T-giving||141||$1,771||3.61%||54||-2.79%||$32.69||6.98%|
|New Year’s Eve||53||$2,330||36.33%||56||-0.07%||$41.83||36.92%|
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.