Tools commonly used in the Restaurant Holding Companies industry for day-to-day tasks and operations.

• Restaurant management software
• Inventory management software
• Point of sale (POS) systems
• Customer relationship management (CRM) software
• Employee scheduling software
• Social media management tools
• Marketing automation software
• Financial management software
• Data analytics tools
• Online ordering platforms

Common products and services typical of NAICS Code 551112-03, illustrating the main business activities and contributions to the market.

• Fast food chains
• Casual dining restaurants
• Fine dining restaurants
• Ethnic cuisine restaurants
• Family-style restaurants
• Sports bars
• Coffee shops
• Bakery cafes
• Food trucks
• Buffet restaurants

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Food Service Sanitation Manager Certification: This certification is required by many states in the US for managers of food service establishments. It ensures that the manager has knowledge of food safety and sanitation practices. The certification is provided by the National Restaurant Association and can be obtained through their ServSafe program.
• Alcohol Server Certification: Many states require servers of alcoholic beverages to be certified in responsible alcohol service. This certification ensures that servers understand the laws and regulations surrounding alcohol service and can identify when a patron has had too much to drink. The certification is provided by various organizations, such as the National Restaurant Association and the Alcohol Training and Education Inc.
• Business License: All businesses in the US are required to have a business license. This license allows the business to operate legally and ensures that it is complying with all local, state, and federal regulations. The requirements for obtaining a business license vary by location.
• Franchise License: Many restaurant holding companies operate as franchises. In order to operate a franchise, the company must obtain a franchise license from the franchisor. This license allows the company to use the franchisor's name, trademarks, and business model. The requirements for obtaining a franchise license vary by franchisor.
• Health Department Permit: All food service establishments in the US are required to obtain a health department permit. This permit ensures that the establishment is complying with all health and safety regulations. The requirements for obtaining a health department permit vary by location.

A concise historical narrative of NAICS Code 551112-03 covering global milestones and recent developments within the United States.

• The Restaurant Holding Companies industry has a long history dating back to the early 20th century. One of the earliest examples of a restaurant holding company is the National Restaurant Company, which was founded in 1921 and owned several restaurant chains. In the 1950s and 1960s, the industry experienced significant growth due to the rise of fast-food chains such as McDonald's and Burger King. In recent years, the industry has seen a trend towards consolidation, with larger companies acquiring smaller ones to expand their portfolios. In the United States, notable examples include Yum! Brands, which owns KFC, Taco Bell, and Pizza Hut, and Darden Restaurants, which owns Olive Garden and LongHorn Steakhouse. In the United States, the Restaurant Holding Companies industry has seen significant growth in recent years. According to data from the U.S. Census Bureau, the industry's revenue increased from $63.5 billion in 2012 to $84.5 billion in 2017, a compound annual growth rate of 5.9%. This growth can be attributed to several factors, including an increase in consumer spending on dining out, the popularity of fast-casual restaurants, and the expansion of restaurant chains into new markets. Despite this growth, the industry faces several challenges, including rising labor costs and increased competition from independent restaurants and meal delivery services.

The anticipated future trajectory of the NAICS 551112-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Restaurant Holding Companies industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for restaurant services. The industry is also expected to benefit from the growing trend of eating out and the increasing popularity of fast-casual dining. The industry is also expected to benefit from the growing trend of healthy eating, which is leading to the development of new and innovative menu items. The industry is also expected to benefit from the increasing use of technology in the restaurant industry, which is leading to the development of new and innovative ways to order and pay for food. Overall, the industry is expected to continue to grow in the coming years, driven by these and other factors.

Recent groundbreaking advancements and milestones in the Restaurant Holding Companies industry, reflecting notable innovations that have reshaped its landscape.

• Ghost Kitchens: Ghost kitchens are commercial kitchens that are used for delivery-only food businesses. They allow restaurant holding companies to expand their delivery services without the need for a physical restaurant location.
• Plant-Based Menu Items: Many restaurant holding companies are adding plant-based menu items to their menus to cater to the growing demand for vegetarian and vegan options.
• Contactless Payment: Many restaurant holding companies are implementing contactless payment options to reduce the risk of spreading COVID-19.
• Delivery Partnerships: Many restaurant holding companies are partnering with third-party delivery services to expand their delivery services.
• Mobile Ordering: Many restaurant holding companies are implementing mobile ordering options to make it easier for customers to order food.
• Virtual Events: Many restaurant holding companies are hosting virtual events, such as cooking classes and wine tastings, to engage with customers during the COVID-19 pandemic.
• Sustainable Packaging: Many restaurant holding companies are using sustainable packaging options to reduce their environmental impact.
• Loyalty Programs: Many restaurant holding companies are implementing loyalty programs to reward customers for their repeat business.
• Online Ordering: Many restaurant holding companies are implementing online ordering options to make it easier for customers to order food.
• Curbside Pickup: Many restaurant holding companies are implementing curbside pickup options to make it easier for customers to pick up their food orders.