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    The Dallas Morning News
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    Restraurateurs hunger for more locations

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    Local economic snapshot: Dallas area restaurants

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    Restraurateurs hunger for more locations

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    665 views1 page

    Local Economic Snapshot: Dallas Area Restaurants

    Uploaded by

    The Dallas Morning News
    Restraurateurs hunger for more locations

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    LOCAL ECONOMIC SNAPSHOT | DALLAS-AREA RESTAURANTS

    Restaurateurs hunger for more locations


    By KAREN ROBINSON-JACOBS
    Staff Writer krjacobs@dallasnews.com

    By TOM SETZER
    Staff Artist tsetzer@dallasnews.com

    Even though bankers remain reluctant to open their purse strings for major restaurant projects, especially for start-ups and independents, angel investors and private equity are increasingly eyeing food service. Thats fueling expansion of new restaurant locations at a pace that outstrips the U.S. average. In North Texas, where eating out vies with shopping and sports for the top recreational pastime, the number of restaurants open as of last fall was up more than 14 percent compared with the fall of 2008.

    No food shortage
    Restaurant development in North Texas slowed to nearly a standstill during the economic downturn but recently has been piping hot. Some local real estate experts expect to see a record fourth quarter for 2012.

    Food service and drinking places*


    12,000 10,000 8,000
    Houston-Baytown-Sugar Land Dallas-Fort Worth

    Percentage growth
    10,806 9,366
    8% 6%

    Year-over-year change in restaurant growth for the last quarter of each year:
    10%
    D-FW Houston Austin U.S.

    6,000 4,000
    Austin-Round Rock

    2,000 0

    3,287

    4% 2%

    3.9% 3.5% 2.6% 2.0%


    09 10 11 12

    Q1

    Q2

    Q3

    Q4

    Q1

    Q2

    Q3

    Q4

    Q1

    Q2

    Q3

    Q4

    Q1

    Q2

    Q3

    Q4

    Q1

    Q2

    Q3

    2008

    2009

    2010

    2011

    2012

    * Includes establishments of all sizes that are not government-owned, in the metropolitan statistical areas for Dallas, Austin and Houston

    NOTE: For 2012 the third quarter was used because fourth-quarter figures for that year were not yet available.

    More food in store


    With shopping center construction on the rise, and investor money in hand, some local chains are planning growth of more than 10 percent for the next 12 months. Some examples:
    Planned Current growth store over next count 12 months
    35 49 301 232 232 43 151 40 82 11 570 25 25 100 73 70 12 35 8 15 2 70

    Bringing home the bacon


    Restaurant openings generally don't garner the kinds of headlines as plant openings, and restaurant operators do take heat for labor issues such as health benefits and hourly wages. Still, the nearness of successful eateries can help boost an areas popularity.

    Chain*

    Percentage change
    71.4% 51.0% 33.2% 31.5% 30.2% 27.9% 23.2% 20.0% 18.3% 18.2% 12.3%

    Restaurants by congressional district


    WISE CO. DENTON CO. COLLIN CO.

    Twin Peaks Restaurants Mooyah Burgers & Fries Dickeys Barbecue Pit Red Mango Which Wich Paciugo Corner Bakery Caf Bostons the Gourmet Pizza Bennigans Cru-A Wine Bar Wingstop

    District 24 1,729

    District 26 890
    TARRANT CO.

    District 3 1,037 District 32 1,481


    KAUFMAN CO.

    DALLAS CO.

    District 12 1,097
    PARKER CO.

    District 30 1,053 District 33 955


    ELLIS CO.

    District 5 846

    VAN ZANDT CO.

    HENDERSON CO.

    N 20 miles

    District 6 1,053
    ANDERSON CO.

    *Includes restaurant chains based in Dallas-Fort Worth with at least 10 restaurants open as of May 20 and planned growth of at least 10 percent by June 2014. SOURCES: U.S. Bureau of Labor Statistics; Texas Restaurant Association; Dallas Morning News research

    NAVARRO CO.

    The bottom line


    Without a doubt 2012 will be off the chart, and Q4 will be a record. Well be over 5 percent [for the year]. For 2013, there was a huge explosion of activity as we came out of the chute. Were seeing a lot of out-of-state restaurants expanding into our market. We have clients waiting on that prime, A+ site that doesnt necessarily exist because the current operator is doing well. We tell people you dont have to be at Main and Main. If your food is good and the service is good, [diners] will come. Developers, not known to let an opportunity slip by, are busy adding to the restaurant landscape but it will take a while for some of the bigger projects to hit the market. Since restaurant success is tied to consumer confidence and disposable income, restaurateurs are hoping for an extended economic recovery. Karen Robinson-Jacobs, staff writer, The Dallas Morning News

    Jack Gosnell, executive vice president, partner, United Commercial Realty/Urban 67

    Jeffrey Yarbrough, owner, bigInk PR, Marketing and Real Estate

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