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NAICS Code 722511-17 Description (8-Digit)

Restaurants are establishments that prepare and serve food and beverages to customers for consumption on the premises. This industry includes full-service restaurants, cafes, diners, and other eating places. Restaurants can range from small, family-owned businesses to large chains with multiple locations. The success of a restaurant often depends on factors such as the quality of the food, the level of service provided, and the atmosphere of the establishment.

Hierarchy Navigation for NAICS Code 722511-17

Parent Code (less specific)

Tools

Tools commonly used in the Restaurants industry for day-to-day tasks and operations.

  • Point of Sale (POS) systems
  • Reservation management software
  • Inventory management software
  • Kitchen display systems
  • Online ordering platforms
  • Table management software
  • Food costing software
  • Employee scheduling software
  • Customer relationship management (CRM) software
  • Menu design software

Industry Examples of Restaurants

Common products and services typical of NAICS Code 722511-17, illustrating the main business activities and contributions to the market.

  • Fine dining restaurants
  • Fast casual restaurants
  • Buffet restaurants
  • Seafood restaurants
  • Steakhouse restaurants
  • Sushi restaurants
  • Vegetarian restaurants
  • Breakfast restaurants
  • Bar and grill restaurants
  • Food truck restaurants

Certifications, Compliance and Licenses for NAICS Code 722511-17 - Restaurants

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

  • Servsafe Food Handler Certification: This certification is required for all employees who handle food in the restaurant industry. It covers topics such as food safety, sanitation, and hygiene. The certification is provided by the National Restaurant Association and can be obtained through their website:
  • Alcohol Server Certification: This certification is required for all employees who serve alcohol in the restaurant industry. It covers topics such as responsible alcohol service, identifying fake IDs, and handling difficult situations. The certification is provided by various organizations such as the National Restaurant Association and the Alcohol Beverage Control Board in each state.
  • Fire Safety Certification: This certification is required for all restaurants to ensure that they are in compliance with fire safety regulations. It covers topics such as fire prevention, evacuation procedures, and fire extinguisher use. The certification is provided by the National Fire Protection Association and can be obtained through their website:
  • Health Department Permit: This permit is required for all restaurants to operate legally. It ensures that the restaurant is in compliance with health and safety regulations. The permit is provided by the local health department in each state.
  • Business License: This license is required for all restaurants to operate legally. It ensures that the restaurant is in compliance with local business regulations. The license is provided by the local government in each state.

History

A concise historical narrative of NAICS Code 722511-17 covering global milestones and recent developments within the United States.

  • The history of the restaurant industry dates back to ancient civilizations, where inns and taverns served as social gathering places for travelers. In the 18th century, the first modern restaurant was opened in Paris, France, by a man named Boulanger. The concept of a restaurant as we know it today, with a menu and fixed prices, became popular in the 19th century. In the United States, the restaurant industry grew rapidly in the 20th century, with the rise of fast food chains like McDonald's and Burger King. In recent years, the industry has seen a shift towards healthier and more sustainable options, with many restaurants offering plant-based and locally sourced menu items.

Future Outlook for Restaurants

The anticipated future trajectory of the NAICS 722511-17 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The restaurant industry in the USA is expected to grow at a steady pace in the coming years. The industry is projected to reach a market size of $899.3 billion by 2025, growing at a CAGR of 3.7% during the forecast period. The growth is attributed to the increasing demand for convenience food, changing consumer preferences, and the rise in disposable income. The industry is also expected to witness a shift towards healthier food options and sustainable practices. However, the industry is facing challenges such as labor shortages, rising food costs, and increasing competition from online food delivery services. Overall, the industry is expected to continue to grow, but players in the industry will need to adapt to changing consumer preferences and adopt innovative strategies to remain competitive.

Industry Innovations for NAICS Code 722511-17

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

  • Ghost Kitchens: These are delivery-only kitchens that allow restaurants to expand their delivery services without the need for a physical storefront.
  • Contactless Payment Systems: With the COVID-19 pandemic, many restaurants have adopted contactless payment systems to reduce the risk of transmission.
  • Plant-Based Meat Alternatives: Many restaurants are now offering plant-based meat alternatives to cater to the growing demand for vegetarian and vegan options.
  • Online Ordering and Delivery: The rise of online food delivery services has led to many restaurants adopting online ordering and delivery systems to remain competitive.
  • Augmented Reality Menus: Some restaurants are now using augmented reality technology to enhance the dining experience by allowing customers to see 3D images of menu items.

NAICS Code 722511-17 - Restaurants

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