New restaurant openings and new restaurant filing activity display:
As part of our normal course of work on a daily basis we evaluate the restaurant landscape and offer granular location and owner data for clients. We are now publishing real (no duplication) counts of new opening restaurants in the U.S. each week during the COVID-19 crisis.
Some state and municipal filing outlets are currently vacillating from offline to online creating unusual streams of filing tranches. This is displayed in last week’s bump in counts.
Pre COVID-19, net new openings counts ranged between 550-850 new openings per week in the U.S. Most operators file for their new businesses well in advance and optimism (plus change) never ends.
The disparity between Raw and Net is a result of filing duplication, errors and invalid legal filings that do not pertain to real activity. Our staff discerns each filing accordingly.