In 2024, dining-out businesses are prime targets for acquirers as pandemic recovery fuels consumer spending. Private equity owners, stuck during a deal slump, are set to capitalize on eager sellers.

With a 16% YoY rise in spending on dining out to $1.3 trillion in 2022 and eight consecutive months of restaurant sales growth through October 2023, the industry is bouncing back.

Despite challenges like ingredient costs and labor shortages, relief is evident as costs stabilize. The stage is set for a deal resurgence, already evident with a 12-fold increase in transactions by September 2023. Restaurant owners can anticipate a satisfying 2024.

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