Month: August 2020

Charlotte, NC-based CLEAN JUICE (founded 2014) will open a new location later this year. Expansion announcements provide early insight into emerging restaurant concepts and regional demand trends.

There is mounting growth in new restaurant chain stores and new restaurant independents. New opening activity is hovering at 500 new starts per week. We have rebounded to 70% of normal growth since the rolling shutdowns began. New starts are derived from legal and license filings and most would have...

Port St. Lucie, FL-based 3 NATIVES (founded 2013) is opening a new location. Foodservice expansion activity remains active as operators continue developing new locations.

Week ending 7/30/2020. More than 500 (net) new openings last week. There were no holidays in the way or remnant issues that could tilt the numbers. New restaurant openings are typically preceded by DBA filings, LLC formations, liquor license filings, and local permit applications. Monitoring these early signals allows sales...

Restaurant closures data across the United States has shown significant volatility since the COVID shutdowns began. Historically, restaurant closures averaged approximately 4,233 locations per month. However, during the early months of the pandemic, closure activity slowed dramatically as operators temporarily paused permanent closure decisions amid uncertainty. Beginning in June, restaurant...