Restaurants
The restaurant industry in America is big business – nearly one million restaurants generate $600 billion in sales with almost 13 million employees, or about 10% of the U.S. non-farm employment. It is also an industry that is energy intensive and that welcomes innovation to enhance customer relationships and improve operating margins.
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Restaurants average 250% to 350% higher utility costs than other commercial buildings and five times more energy in the kitchen than in the rest of the building
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Quick-Service Restaurants average cooling requirements are 250% greater than for full service restaurants
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The industry consumes over $30 billion annually in electricity
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Energy costs represent 30% of a typical building's annual budget
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Energy costs have been increasing at a rate of 6% to 8% per year and are rising even more quickly recently
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Buildings that are energy efficient (ENERGY STAR designation) consume about 40% less energy than typical buildings
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Federal tax incentives for energy efficiency – a federal tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% over required ASHRAE Standards. Partial federal tax deductions of up to $.60 per square foot are available for "green" measures affecting each of three building systems: building exterior envelope, lighting and HVAC (heating, ventilation and cooling)
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QSR's spend an average of $6.50 per square foot for energy. The largest categories for typical electricity cost for QSR's (and great targets for energy savings):
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Cooling
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Lighting
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Refrigeration Equipment
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Ventilation
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Cooking
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Miscellaneous
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Exterior Lighting
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Water Heating
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Saving money on energy is great leverage for any business: a $1 savings in energy cost is equivalent to an increase of $12.50 in sales at an average 8% profit margin
U.S. Grid Solutions' sustainable technologies can reduce energy significantly for Quick-Service Restaurants.
U.S. Grid Solutions offers financing solutions that eliminate up-front capital expenditures for our clients, enabling adoption of green technology that improves cash flow.
Contact U.S. Grid Solutions to reduce operating costs now.