Cooking up a Storm: Growth in the Catering Industry
Recent research shows the catering sector as the fastest growing industry in 2020, with revenue for the catering services market sitting at £1 billion. Unsurprisingly, the explosion of internet culture in recent years has brought Trip Advisor reviews and Just Eat menus aplenty, accountable for endless food establishments throughout the UK reaching unprecedented levels of prosperity.
Author: Ms Katy Jones
A plethora of cuisines are now available to us at the touch of a button, narrowing the definition of ‘fast food’ to simply mean fast rather than unhealthy. Business owners owe thanks to Deliveroo and Uber Eats for making eating-in the new eating-out, allowing diners to enjoy restaurant-quality dishes from the comfort of their sofa. Provided it is supported by a reliable, strong and secure digital network, online ordering through food courier platforms is largely fool-proof and hugely attractive to the average Joe Bloggs looking for an easy meal option on a Friday night, or any other night of the week for that matter.
Numerous companies have also now tapped into the private event market, introducing an outside catering arm to their business which supplies the best features of their in-house offering, be it a professional bartending service or homemade dishes impossible to replicate.
The catering industry is also one of the most labour-intensive sectors around, relying more on manpower than cash to operate, those employed making up 5.5% of the nation’s 32 million strong workforce. The sector also has the highest labour productivity in the UK, facilitating this growth.
With online ordering channels, external catering and a sizeable workforce, it’s no wonder that business owners in the industry are set to experience continued success.
If you want to start cooking with gas, check out the catering and hospitality businesses we have for sale nationwide.