Part
01
of one
Part
01
How many restaurants in US want to do delivery?
Hello! Thanks for your question about how many restaurants in the US want to have delivery service. The most useful sources I found to answer your question are Statista and Techcrunch. The short version is that over a half a million restaurants in the USA are interested in meal delivery. Below you will find a deep dive of my findings.
OVERVIEW OF FOOD AND GROCERY DELIVERY
Food and grocery delivery services were one of the most popular VC segments for 2014 with a fourfold Y-O-Y. Half a billion dollars were invested into the food delivery industry during Q1 2015.
The online penetration rate for grocery and food delivery is only 1%. Meaning there is a boom about to happen in this industry, which is evidenced by new companies launching every month.
Currently, Yelp's subsidiary, Eat24 has "around 30,000 restaurants on its platform as of June 2016." Since Yelp is the most popular restaurant rating platform, I assume that they offer the largest selection of restaurants.
NUMBER OF RESTAURANTS IN THE USA
According to Statista, there are 630,511 restaurants in the USA. While the National Restaurant Association reports, there are over 1 million restaurants. This averages out to approximately 800,000
MARKET SIZE CALCULATIONS
Considering the majority of business owners want "extra traffic and orders," we can assume that over 80% of restaurant want delivery service.
800,000 restaurants * 80% = 640,000 restaurants
Over a half a million restaurants in the USA are interested in meal delivery.
CONCLUSION
To wrap it up, an estimated 640,000 restaurants could be interested in food delivery. The current market is far from saturated. Thanks for using Wonder! Please let us know if we can help with anything else!