NAICS Code 551112-03 - Restaurant Holding Companies

Marketing Level - NAICS 8-Digit

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Contact Emails: 5,095
Company Websites: 13
Phone Numbers: 17
Business Addresses: 31
Companies with Email: 11
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NAICS CODE 551112-03
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NAICS Code 551112-03 Description (8-Digit)

Restaurant Holding Companies are a type of holding company that specialize in owning and managing multiple restaurants. These companies typically own a range of restaurant brands and may also operate franchises. The primary function of a Restaurant Holding Company is to oversee the operations of their restaurants, including managing finances, marketing, and human resources. They may also be involved in the development of new restaurant concepts and the acquisition of existing restaurant brands.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 551112 page

Tools

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

Industry Examples of Restaurant Holding Companies

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

History

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.