(866) 480-2611

Seasonal Factors that Affect the Restaurant Industry

Every business has a busy season and a slow season in addition to fluctuations due to the economy. However, the restaurant industry is particularly prone to seasonal variations for a variety of reasons. Here are the top three factors that will affect most restaurants throughout the year.

Tourist Season

Tourist season varies by the location. In a mountain resort, winter will likely be the tourist season, while beaches will be busier in the winter. An influx of tourists brings a huge increase in people who are looking to eat out, as they cannot cook well for themselves in most accommodations. In addition to vacationers, locals are more likely to be out and about enjoying the attractions of the area during tourist season. Conversely, when tourist season is over restaurants will see a sharp drop in patrons.

Holidays

Seasonal holidays can have a huge impact on restaurant sales. More than sixty percent of restaurants see a decrease in traffic on major holidays. Customers are more likely to spend time in their own kitchens or those of loved ones on holidays associated with family such as Thanksgiving and Christmas. However, casual dining and fast food businesses may see an increase in sales in the days before and after holidays, as people are busier and lack time to cook.

Warm Weather

Most restaurants have more patrons in warm weather. People are more likely to be out and about; depending on your locations, music and other events may also attract more diners. Winter, on the other hand, can make driving a challenge, which leads your patrons to stay at home. Many restaurants find they can adequately compensate for this seasonal dip by increasing marketing and also having special deals. In addition, restaurants that offer delivery may actually see more sales in cold weather.
There are a few ways to combat seasonal lows while making the most of seasonal highs. Offering live entertainment and other events during high seasons will likely fill your tables, while increased marketing and special price deals in low seasons can help to keep the flow of customers steady. Marketing has been proven to be an effective antidote to slow season. If your business does not have start up capital for these projects, consider a line of credit or a small business loan from a business specialist such as AFN. In many cases, a small investment can jump start your restaurant regardless of the season.

 

Categories

Accounts Receivable
Bad Credit Business Loan 1
Bad Credit Business Loans
Bank Loan
Borrowing Money
Business Capital
Business Cash Advances
Business Debt
Business Equity
Business Financing Services
Business Leadership
Business Line of Credit
Business Loan
Business Loan Bad Credit
Business Loans
Buying Equipment
Cash Flow
Child Care
Construction
Construction Factoring
Credit Card Factoring
Credit Reports
Credit Utilization
Equipment Finance
Equipment Leasing
Equipment Purchase
Factoring Accounts Receivable
Flexible Factoring Options
Franchise Funding
Franchising
Freight Factoring
General Finance
Green Business
Hardware Stores
Industry Specific Articles
Landscape Contracting
Late Fees
Medical Accounts Receivable
Medical Supply Providers
Merchant Advance
Merchant Cash Advance
Merchant Cash Advance Loans
Merchant Finance
Merchant Loan
Mobile Payment Solutions
New York Business Loan
Press
Real Estate Management
SBA Loan
Small Business
Small Business Credit
Small Business Credit Line
Small Business Development Services
Small Business Finance
Small Business Financial Tips
Small Business Investors
Small Business Line of Credit
Small Business Loan
Small Business Loans
Small Business Marketing
Small Business Sales
Small Business Sales
Starting a Small Business
Startup Financing
Trucking and Transportation
Uncategorized
Unsecured Business Lines of Credit
Unsecured Business Loans
Unsecured Business Loans for Bad Credit
Unsecured Credit Line for Small Businesses
Unsecured Financing
Unsecured Line of Credit
Unsecured Lines of Credit for No Credit Businesses
Unsecured Loans for Bad Credit

Nurturing Business, Cultivating Hope

GET STARTED
Putting Our Clients First Since 2008.
Become A Partner
Partner with us to reach potential merchants using our patented technology on the Advance Funds Network platform.
464 Kings Highway Brooklyn, NY 11223
1633 Rt 35N Unit 4 Oakhurst, NJ 07755
5858 Dryden Place Carlsbad, CA 92008 Suite 238
2967 Dundas St. W. #220D Toronto, ON M6P 1Z2
(866) 480-2611
sales@afnllc.com
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
USA
Canada
Coming
Soon
Coming
Soon
© Advance Funds Network 2023. All rights reserved.
crossmenuchevron-down