Opening a restaurant is a risky endeavor that includes many factors that play into the success of a restaurant. None more important than location.
A recently released report by Bid-on-Equipment analyzed 236 cities across the U.S including the 150 most populous cities to determine the 50 best cities to open a restaurant. Knoxville is ranked #37.
The following factors were considered in the rankings:
• Annual restaurant sales per capita
• Competition and market saturation (restaurants per capita)
• Workforce (the number of restaurant industry workers per capita)
• Medium income in each city
Data for restaurant sales, restaurants per capita and workforce was collected from the U.S. Census Bureau. Median income data was collected from the American Community survey.