According to BizBuySell’s Quarterly Insight report, restaurant acquisitions jumped 20% in 2022, with restaurants showing stronger financials and selling at higher prices, suggesting pent-up demand for ownership. The average restaurant revenue for a business that is less than 12 months old is $111,860.701.
However, this figure can vary greatly depending on factors such as location, size, and type of restaurant. For example, a quick-service restaurant may have lower average revenue than a fine dining establishment.
If you’re looking for profitable business ideas, check out our article on the most profitable small businesses.