Americans love to eat out.
Surveyors of Zagat’s 2016 State of American Dining frequent restaurants on average of 4.5 times per week, and with over a million restaurants nationwide to choose from there’s no shortage of options for eager diners. Meeting the demand of hungry customers means big business for the restaurant industry. The National Restaurant Association projects the restaurant industry will generate nearly $800 billion in sales in 2017, an increase of over $200 billion from 2010.
Lendistry offers existing restaurants affordable loans to purchase kitchen and dining equipment, renovate and expand an existing location, or open an additional location. Lendistry delivers quick loans so restaurants can start making improvements right away to meet the needs of current customers and start attracting new business.
Since the advent of Yelp!, OpenTable, and other online review sources, the pressure is on restaurants to deliver not just great food but great service to earn positive feedback. Lendistry clients have access to business consulting services through our nonprofit partner, The Center. The Center helps restaurant owners develop strong leadership, clear goals, and organized management to win loyal customers and glowing reviews for long-term success. We’ll leave the cooking to you.
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Did you know?
According to Zagat, America’s oldest, continuously operating restaurant is Boston’s Union Oyster House, which opened in 1826.
Americans eat approximately 100 acres of pizza a day, or about 350 slices per second. (Pizza.com)
10% of the US workforce is employed in the restaurant industry (National Restaurant Association).
The origins of the classic American diner was a horse drawn cart in the mid 1800s.