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Industry research

The state of restaurants in 2026

A vertical defined by 8-12% margins, 35% labor cost ratios, and operators who only check email at 11pm.

By the numbers · live data from our directory

Companies indexed
5,542
Countries
36+
Decision-makers
240,010
With contacts
5,435
Employee size distribution
1-4
63
5-9
33
10-19
20
20-49
25
50-99
1
1000+
1
Top countries
  • US3,788
  • GB508
  • SE308
  • FR274
  • IN198
  • CA158

The 35% labor problem

Full-service restaurants now run 35% labor cost ratios - the highest sustained level in 30 years. Combined with food costs of 30% and occupancy of ~10%, operators have 8-12% margin before debt service. State minimum-wage hikes, tipped-wage credit eliminations, and AB 1228 ($20/hr fast-food minimum in California) are structural drivers, not cyclical.

How operators are coping

Three responses dominate: (1) prices up cumulatively ~12% 2022-2025 to absorb the cost reset; (2) order automation - QR menus, kiosks at 22% of QSRs; (3) staff hour reductions during slow periods. The technology adoption curve runs through operator FOMO ("Toast just took my best server") more than through operator ROI math.

How to actually reach the buyer

The owner is in service 7am-10pm. Email opens happen at 7am or 11pm. Lunch-hour outreach is dead. LinkedIn does not exist for this segment. Facebook + Instagram + WhatsApp + SMS - those are the channels. POS compatibility (Toast, Square Restaurants, Clover, Resy, TouchBistro, Lightspeed) is the first qualifying question, every time.

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