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4.17 Consumer Expenditure on Food away from Home by Age Analysis Template

What is the use of a template on Annual Consumer Spending by Age in a Business Plan for a Full Service Restaurant like A Touch of Tuscany?

The Annual Consumer Spending by Age analysis gives the reader of the plan as well as small business owners like Jack Gordon an excellent idea about which demographic segment of the market spends the most amount of disposable income on the industry sector that the business is in. The great advantage of this template and analysis is that it is able to facilitate this analysis over a period of 10 years and the data is available in both tabular and graphical format. The following categories of data have been used in this template to analyze the annual spending by age:

  1. The average annual spending on the Full Service Restaurant industry category by consumers who are less than 25 years old.
  2. The average annual spending on the Full Service Restaurant industry category by consumers who are between 25 and 34 years old.
  3. The average annual spending on the Full Service Restaurant industry category by consumers who are between 35 and 44 years old.
  4. The average annual spending on the Full Service Restaurant industry category by consumers who are between 45 and 54 years old.
  5. The average annual spending on the Full Service Restaurant industry category by consumers who are between 55 and 64 years old.
  6. The average annual spending on the Full Service Restaurant industry category by consumers who are more than 65 years old.

What is the data source for the Annual Consumer Spending by Age analysis for A Touch of Tuscany in Westchester County, New York?

The data source for the Annual Consumer Spending by age analysis for A Touch of Tuscany comes from the Bureau of Labor Statistics site available at www.bls.gov. We highly recommend that all small business plans for the Full Service Restaurant include an annual spending by age analysis. The Bureau of Labor Statistics produces tons of data that can be invaluable to a small business owner like Jack Gordon who are in the process of writing their business plans. Some of the key data provided by the folks at the BLS are listed below.

What is the cost of the data for Annual Spending by Age analysis for Full Service Restaurant in Westchester County, New York?

The data for Annual spending by age is available completely free from the Bureau of Labor Statistics website at www.bls.gov and is paid for by your tax dollars. Most government agencies request however that if you decide to use their data, that you give them a mention by letting your readers know the source of the data.

What calculations go into the production of this template on Annual Spending by Age analysis for A Touch of Tuscany?

There are no manual calculations that you have to endure - just go to the Bureau of Labor Statistics website, download the data, paste it or enter it into the template and the chart will be updated automatically. Just punch in the data and our templates will do the rest. Click on the output tab from where you can copy and paste the finished template into a word document that contains for Full Service Restaurant business plan.

Quick Links:

  1. Go to the Corresponding Questionnaire section for this industry.
  2. Go to the Corresponding Business Plan section for this industry.

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