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New openings are at lows not seen since February 2022. New openings  through September 2022Total Raw*Total Net Issued**9/29/20228303969/22/20226443639/15/20227003759/8/2022797399 *New legal filings of D/B/A\’s, Alcohol, Building Permits, State Incorporation filings **Vetted new openings. ___________________________________________ Sit down restaurants are opening at the rate of 2.5 to 1. At the height of the...

It\’s been 120 weeks since COVID shutdowns began. New opening counts are averaging between 350-450 per week for more than a year. Prior to the pandemic, there were an average of 850 new openings per week. New sit down restaurants are more than double the amount of counter service restaurants....

Counter service new restaurant starts never exceeded the number new of sit-down locations. Even during the height of the pandemic. Chart: The number of new sit-down restaurants in the U.S versus counter service from the beginning of the pandemic until now, Sit-Down vs. Counter ServiceSit downCounter Service7/28/20222521187/21/20223061337/7/20223151436/30/20222611586/23/20222541406/16/20222971516/9/20222331396/2/20222431755/26/20222901615/19/20222471295/12/20222581115/5/20222391304/28/20222681224/21/20222781374/14/20222031614/7/20222601883/31/20222551493/25/20222171213/17/20222401633/10/20222721653/3/20222511522/24/20222811512/17/20222171262/10/20222321252/3/20222201401/27/20222301511/20/20221791381/13/20222031051/6/202222416012/30/202123814312/16/202122515812/9/202125615512/2/202127617311/18/202125313011/11/202126719311/4/202123115610/28/202127515410/22/202122414410/15/202125617410/7/20212431049/30/20212521249/23/20212511289/16/20212651619/9/20212261699/2/20212261198/26/20212961838/19/2021226608/12/20212831448/5/20212951777/29/20213151917/22/20213022067/15/20213031487/1/20212581726/24/20212942086/17/20212721826/10/20212821446/3/20212562015/27/20212681895/20/20212731575/13/20212681625/6/20212881994/29/20212501814/22/20212351634/15/20212641934/8/20212961714/1/20212131693/25/20212401693/18/2021243813/11/20212562033/4/20212331872/25/20212421822/18/20212121752/11/20213383152/4/20211481211/28/20211671401/21/20211531181/14/20212732001/7/202119417312/31/202020316012/17/202022414812/10/202021518112/3/202023819611/19/202024016911/12/202028520511/5/202027622010/29/202021818910/22/202025326010/15/202026223410/8/202025324810/1/20202102159/24/20202522469/17/20202211789/10/20202071779/3/20201881828/27/20202442268/20/20202161868/13/20202322278/6/20202311977/30/20202662187/23/20201781577/16/20202282167/9/20203092296/25/20201901316/18/20202131596/11/20201221246/4/20201741515/28/20201551375/21/20201591075/14/20201701545/7/20201701334/30/20201581304/23/20201851484/16/20202532334/9/2020108714/2/20201811343/26/202027025

Per legal filings, 115 new chain stores opened in the month of June, an all time low. Now averaging approximately a 90% decrease since the pandemic began. Pre-pandemic monthly averages were more than 1200 new chain store openings per month. On the other hand, Independents have steadied their growth trajectory...