|
|
 |
|
Viewing report
|
|
|
|
Catering Services
First Research, Nov 2009, Pages: 10
First Research is the leading industry intelligence company that helps sales teams perform faster and smarter, open doors, and close more deals. First Research performs the 'heavy lifting' by synthesizing hundreds of sources into an easy to digest format that a sales person can consume very quickly to better understand a prospect's business issues.
Executive Summary
Brief Excerpt from Industry Overview Chapter:
The US catering industry includes about 10,000 companies with combined annual revenue of $5 billion. Major companies include Centerplate, Compass Group USA, and Wolfgang Puck Catering. The industry is highly fragmented: the top 50 companies account for less than 15 percent of industry revenue.
Many food service contractors, hotels, and restaurants cater events, but those businesses are covered in separate industry profiles and aren't included in the catering industry.
COMPETITIVE LANDSCAPE
Demand is driven by corporate profits and consumer income. The profitability of individual companies depends on cost controls and effective marketing. Large companies have advantages in offering expanded services such as facilities management, room rental, and entertainment. Small companies can compete effectively by serving small groups and offering personalized service. The industry is labor-intensive: average annual revenue per worker for is about $40,000.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major services include off-premises catering (food prepared away from the premises where it's served) and on-premises catering (meals prepared and served at the same location). Off-premises catering represents 45 percent of the market; on-premises, 40 percent. Other services include alcohol sales and facility rentals.
A typical catering event starts with a consultation with a potential client to assess the type of event, guest count, venue, and special food requests. The client may want the caterer to also coordinate facility rental, flowers, entertainment, and photography. The caterer produces a detailed proposal that includes the menu, beverages, a list ...
Customers who bought this item also bought
Catering Services - Industry Profile
Catering Industry Market Review
Catering Market 2007
Fast Food & Consumer Catering in China 2007: A Market Analysis
Catering Management, 3rd Edition
Catering Market - Market Review 2008
Catering International Services - C.I.S.
Off-Premises Eating in the United States
Outsourcing Drives Global Contract Catering Market
Fast Food and Organised Catering in China: A Market Analysis
UK Catering Market Market Review 2001
UK Catering Market Market Review 2000
|
|
|
|
