Despite continuing inflation and a general sense of economic uncertainty amongst the general population, the restaurant industry continues to surge in 2024, much like last year. In fact, industry experts project that sales in restaurants will reach record numbers by the end of the year and that a majority of operators will need to expand or hire new employees in order to keep up with demand.

In this white paper, we’ll break down the state of the restaurant industry nationwide and in the Philadelphia, PA region,  discuss how the industry has bounced back after the COVID-19 pandemic, why there has never been a better time to invest in your restaurant, and why Apex Commercial Capital is the right lending partner for restaurant owners looking for a commercial mortgage or equipment financing in 2024 and beyond.
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Read the white paper as a whole or click below to go directly to our sections.
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Executive Summary

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Part 1: The State of Restaurant Industry in 2024

While consumers remain budget-conscious amidst another year of steady inflation, their loyalty to the restaurant industry is unwavering.
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Part 2: Regional Spotlight

With over 26,000 restaurants state-wide, the food service industry serves as Pennsylvania’s fourth-largest private employer, comprising around 9% of total jobs.
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Part 3: How the Restaurant Industry Has Bounced Back from COVID

When restaurants finally opened their doors back up after the lockdowns, faithful customers began to flock back out to their favorite eateries in droves—and business picked up right where it left off.
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Part 4: Why Apex Commercial Capital Has the Recipe for Your Restaurant’s Success

While traditional lenders see small businesses — especially restaurants — as a risk, we see yours as an investment. We look beyond the numbers and the paperwork to see the big picture.

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