Five rapid growth Limited-Service Restaurant concepts to watch in 2023
The Limited-Service Restaurant (LSR) segment has seen a surge in growth in recent years, with new brands popping up and established ones expanding.
But which restaurant concepts have the highest growth potential?
Based on Restaurantology’s location growth and contraction data collected between the period of September 2022 through March 2023, we’ve collected our top five High Growth Limited-Service Restaurant (LSR) Concepts.
So we’re all on the same page … High Growth is an official category established using Restaurantology’s Inferred Status calculation. It uses a blend of both historical and trailing insights to asses unit counts and categorize findings.
Simply put: these are rapid-growth brands with no (or negligible) closures to keep an eye on.
See how Restaurantology calculates High Growth in our three-part series on multi-unit restaurant growth.
- Part I: Is restaurant unit growth the best measurement of success
- Part II: How to interpret multi-unit contraction in the restaurant industry
- Part III: How to better predict multi-unit restaurant location growth