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Texas’ Restaurant Industry Taking the Lead
HOUSTON (Houston Business Journal) - With roughly $35 billion in sales expected this year, Texas restaurants could lead the industry in growth, according to the National Restaurant Association.
That figure represents a 4 percent increase in sales year-over-year. That’s down from 5.6 percent sales growth in 2008 but almost double the 2.5 percent nationally expected increase.
“Even in these tough economic times, it is clear that the Texas restaurant industry is the best place to do business in the nation,“ said Richie Jackson, executive vice president and chief executive of the Texas Restaurant Association.
In Abilene, we are seeing a lot of activity for new restaurants in all areas. With lease rates on existing spaces at fifty cents to a buck a foot plus nets, any mom and pop and certainly a national can do very well.
Posted on Jun 01, 2009 | (0) Comments | Bookmark on del.icio.us | Digg it!
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Paul Johnson & Associates, Inc.
Abilene, Texas 79605
Tel: 325 698 5661
Fax: 325 692 8508
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