Septembers restaurant new openings numbers reveal an accelerated inverse for sit-down vs. counter-service

New openings are at lows not seen since February 2022.

	New openings through September 2022
	Total Raw*	Total Net Issued**
9/29/2022	830	396
9/22/2022	644	363
9/15/2022	700	375
9/8/2022	797	399

*New legal filings of D/B/A\’s, Alcohol, Building Permits, State Incorporation filings **Vetted new openings.

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Sit down restaurants are opening at the rate of 2.5 to 1. At the height of the pandemic new sit-down restaurants were 1.9 to 1.

	Numbers of Sit-Down VS. Counter Service
	Sit down	Counter Service
9/29/2022	285	102
9/22/2022	249	107
9/15/2022	246	117
9/8/2022	280	112
9/1/2022	250	81

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New chain store openings are at an all time low, averaging 16 per week, from an average of 225 per week pre-pandemic.

	Number of Chain Locations VS. Independent Locations
	Chain stores	Independent stores
9/29/2022	17	371
9/22/2022	15	342
9/15/2022	22	346
9/8/2022	12	381