Sector Hub · 7 Property Types

Food and Beverage Real Estate Analytics.

Food and Beverage real estate covers restaurants (QSR / fast-casual / casual / polished / fine dining), bars and nightclubs, cafes and coffee shops, ghost kitchens (cloud kitchens / dark kitchens), food halls, catering operations, and breweries / wineries. Performance is measured in Prime Cost (COGS + Labor — target below 60-65% of revenue), Sales per Square Foot, Average Check, Table Turnover, and same-store-sales growth. The sector is operating-business-heavy — most real estate is leased rather than owned, with location quality driving outsized performance variance. Public restaurant operators include McDonald's (MCD), Starbucks (SBUX), Chipotle (CMG), Darden (DRI — Olive Garden), Brinker (EAT — Chili's), Texas Roadhouse (TXRH), Cheesecake Factory (CAKE), Restaurant Brands International (QSR — Tim Hortons / Burger King / Popeyes), Yum Brands (YUM), and Boston Beer (SAM). Real estate exposure routes through net-lease REITs Realty Income (O), National Retail (NNN), Essential Properties (EPRT), and Agree Realty (ADC). Ilora.ai ingests POS extracts, weekly P&Ls, inventory variance, labor reports, and platform commission reconciliation.

Property Types: 7
KPIs Tracked: 14
Canonical KPIs: 8
AI Agents: 347

Property Types

7 property types in FOOD AND BEVERAGE.

Canonical KPIs

8 core KPIs anchor food and beverage analysis.

NOINet Operating Income: Total revenue minus operating expenses (excludes financing and capital costs). The primary measure of property-level profitability.NOI = Revenue − Operating Expenses
COGSCost of Goods Sold: Cost of food and beverage products sold. Typically 28–35% for full-service restaurants.
Prime CostPrime Cost: COGS plus labor cost. Industry benchmark target is below 60–65% of revenue.Prime Cost = COGS + Labor
Avg CheckAverage Check: Total revenue divided by number of checks (transactions). Measures pricing + sales mix.
TurnoverTable Turnover: Number of times a table is occupied during a shift. Capacity utilization measure.

Common Questions

Frequently asked questions about food and beverage real estate.

What property types does food and beverage real estate include?

Restaurants (QSR / fast-casual / casual / polished / fine dining), bars and nightclubs, cafes and coffee shops, ghost kitchens, food halls, catering operations, and breweries / wineries — seven property types serving distinct business models.

What is Prime Cost in restaurants?

Prime Cost = Cost of Goods Sold (food + beverage) + Labor Cost (wages + benefits + payroll taxes). Industry benchmark targets keep Prime Cost below 60-65% of revenue. Above 70% generally indicates structural unprofitability without significant volume growth.

How do ghost kitchens differ from traditional restaurants?

Ghost kitchens are delivery-only food production facilities with no dining room or storefront. They eliminate front-of-house labor + real estate cost, often running 3-8 virtual brands from a single kitchen. Net margins typically run 8-15% in mature operations vs 3-5% in traditional QSR.

How does Ilora.ai analyze F&B operators?

Ilora.ai ingests POS extracts (Toast, Square, Aloha), weekly P&Ls, inventory variance, labor + scheduling reports, vendor invoices, and platform commission data (DoorDash / Uber Eats / Grubhub). Restaurant agent surfaces prime-cost creep, menu-mix margin opportunities, and labor productivity gaps.

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