The State of Local Restaurants - Colorado

THE STATE OF LOCAL RESTAURANTS

Colorado


 

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 Colorado
Colorado is the 17th-ranked state for restaurant revenues, with seasonality on a weekly and monthly basis right on par with national averages.

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 COLORADO RESTAURANTS

Restaurants in Colorado rank 23rd for the average number of transactions each day, 15th for average ticket size, and 20th for average daily revenues. All told, this makes The Centennial State the 17th-ranked state for restaurants.

Transactions Ticket Size Sales Revenue
43 $35 $1,508
National Rank: 23 National Rank: 15 National Rank: 20

 

 

COLORADO WEEKDAYS COMPARED TO WEEKENDS

Like most states, restaurants in Colorado see more revenue, more transactions, and higher average ticket sizes on the weekend.

 

COLORADO’S AVERAGE WEEK

Here we see a day-by-day look at the average daily sales revenue in Colorado compared to the national averages. Colorado is right in line with the national averages.

 

 

THE AVERAGE YEAR FOR COLORADO RESTAURANTS

On a national level, sales revenues only have a subtle variation from month to month. That holds mostly true for Colorado, with slight bumps during July and the winter months.

 

 

TOP 5 DAYS FOR COLORADO RESTAURANTS

Here are the top revenue-generating days for restaurants in Colorado, which experience an above-average bump for New Year’s celebrations.

#1 #2 #3 #4 #5
MAR 4 DEC 30New Year’s Eve Weekend MAR 11 FEB 18Saturday after Valentine’s Day DEC 29New Year’s Eve Weekend
SATURDAY SATURDAY SATURDAY SATURDAY FRIDAY

 

COLORADO 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 Ticket Size Change in
Avg Ticket
Super Bowl 297 $1,126 -25.29% 34 -20.18% $33.19 -5.44%
Valentines Day 101 $1,823 20.90% 43 1.81% $42.11 19.98%
St. Patrick’s 37 $2,098 39.17% 58 35.89% $36.32 3.47%
Cinco De Mayo 97 $1,851 22.77% 54 26.30% $34.47 -1.80%
Mother’s Day 16 $2,183 44.80% 46 9.26% $46.99 33.88%
Father’s Day 78 $1,944 28.97% 46 7.04% $42.73 21.72%
July 4th 310 $1,086 -28.00% 30 -29.98% $36.47 3.89%
Day before T-giving 166 $1,463 -2.98% 41 -2.52% $35.29 0.55%
Thanksgiving 364 $522 -65.36% 11 -73.61% $46.55 32.61%
Christmas Eve 159 $1,481 -1.80% 29 -32.09% $51.28 46.09%
Christmas 365 $444 -70.55% 10 -76.24% $43.96 25.24%
New Year’s Eve 6 $2,320 53.88% 44 3.86% $52.54 49.69%

 

Methodology
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.

About Womply
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 info@womply.com.

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