{"asOf":"2026-09-26","meta":{"asOf":"2026-09-26","national":{"restaurants":618476,"peStorefronts":71468,"broadStorefronts":75706,"share":0.115555,"broadShare":0.122407,"allStorefronts":80012,"allShare":0.12937,"sensitivity":{"excludingFuelStopCounters":{"share":0.112185},"researchedBrandsOnly":{"share":0.103563}}},"nyc":{"share":0.044368,"shareInspectedOnly":0.048072,"allShare":0.060806},"vintages":{"restaurants":{"year":2023},"ownership":{"method":"company releases, SEC filings, sponsor portfolio pages and trade press; Grata used as leads only"}},"definitions":{"strict":"A brand counts as PE-controlled when a private-equity or investment firm's funds control its franchisor (majority ownership or majority voting control), including a listed company whose sponsor keeps majority voting control.","broad":"Strict plus brands controlled by an investment holding company (JAB Holding Company: Panera Bread, Pret A Manger, Caribou Coffee, Einstein Bros. Bagels, Bruegger's; RSE Ventures: Magnolia Bakery; Serruya Private Equity: Bonchon; Eldridge Industries: The Little Beet; LOV Group: Laduree; Mohari Hospitality: TAO, Beauty & Essex, LAVO; Act III Holdings (Ron Shaich): Tatte Bakery & Cafe; WJ Partners: Eggs Up Grill; Gala Capital Partners: Mooyah; West Coast Capital (Lorne Goldberg): Pei Wei; Pearl Street Equity: TCBY; Nimes Capital: Togo's).","notCounted":"Public companies without a controlling sponsor (RBI brands, Papa John's, Krispy Kreme with JAB at 43%), privately held non-PE owners, and PE minority or ~50% stakes (Maman). Also left out: 19 control claims our research marks disputed or low-confidence (Le Pain Quotidien, Regal Cinemas, Uno Pizzeria & Grill, Cosi, Fuku, Saxbys, Perkins Restaurant & Bakery, Pretzelmaker, Voodoo Doughnut, &pizza, Fatburger, Fazoli's, Great American Cookies, Huddle House, Lee's Famous Recipe Chicken, Marble Slab Creamery, Round Table Pizza, Salad and Go, Twin Peaks). Pink Taco is left out too: the chain has closed. 6 permits that match a brand's name are not counted because our research found the restaurant closed or long gone from the brand's own location list.","numerator":"Current brand locations from each brand's own store locator, collected by All The Places (run 2026-09-19). A storefront listed under two co-branded brands (e.g. a Dunkin'/Baskin-Robbins, or a Dunkin' with a Pizza Hut counter) counts once in peTotal and once per brand in pe.","denominator":"U.S. Census Bureau employer establishments in NAICS 7225 (Restaurants and Other Eating Places) for 2023: locations with paid employees at any time in the year. Bars, caterers and food trucks are not included.","share":"peTotal / restaurants: an estimate of the share of restaurants that carry a PE-controlled brand. Capped at 1 (flag 'capped') when the store count exceeds the Census count.","nycShare":"In NYC neighborhoods both numerator and denominator come from the same source: active DOHMH food-service permits, and the permits whose business name matches a PE-controlled brand.","all":"Any stake: every brand counted in Strict, plus brands an investment holding company controls (the Broad addition), plus brands in which a private-equity or growth-equity firm holds a stake without control, a minority or about half. Claims our research marks disputed or low-confidence never count. A restaurant carrying two counted brands counts once.","allCoverage":"With stakes included, the U.S. share is a floor: most chains a firm holds a minority stake in have no national store list we can count. Of the 36 minority-stake brands counted, 6 have one (Smoothie King, Culver's, Crumbl, Scooter's Coffee, Just Salad and Blank Street). Van Leeuwen Ice Cream, Earthbar, 7th Street Burger, Joe Coffee Company, Maman, Dig, Gregorys Coffee, Chip City, Haagen-Dazs, Convene, Tacombi, Los Tacos No. 1, Luke's Lobster, Oakberry, Five Iron Golf, Pura Vida Miami, Sant Ambroeus, Time Out Market, Milk Bar, Emmy Squared, Fooda, Petite Maman, Salt & Straw, Bagatelle, Farzi Cafe, Honeygrow, Margaritaville and Mikkeller count in New York only. So do these holding-company brands: Magnolia Bakery, The Little Beet, Laduree, TAO, Tatte Bakery & Cafe, Beauty & Essex and LAVO. 7 Brew Coffee, Slim Chickens and Pei Wei have neither a national store list we can count nor a New York permit, so they count nowhere yet. (7 Brew's store list in the run used has no addresses for 551 of its 561 stands.) Brands a firm controls that lack a national count are named in the known gaps.","brandNotShop":"Ownership describes the company that controls the brand (the franchisor). A franchised location is owned and run by its franchisee, usually a local operator, and is not PE-owned because its brand is. A company-operated location belongs to the PE-controlled company itself; some of these brands run many or most of their own stores (about half of Buffalo Wild Wings' U.S. restaurants are company-owned). The data do not separate franchised from company-operated locations, so every count here is of locations carrying a PE-controlled brand."},"caveats":["The numerator is current brand locations from store locators (All The Places, September 2026); the denominator is Census employer establishments in NAICS 7225 for 2023. They differ in date and in definition, so the ratio is an estimate of the share of restaurants carrying a PE-controlled brand, not an exact count.","The map describes who controls the brand, not who owns each shop. Franchised stores are owned and run by franchisees; company-operated stores belong to the PE-controlled company. The store data do not say which is which.","Some stores inside gas stations, travel centers, supermarkets, stadiums or airports may be counted by Census under the host business's industry, not NAICS 7225. Stores on military bases that are run by the military exchange services are federal operations, which County Business Patterns does not cover (Chattahoochee County, GA, home of Fort Benning, is the clearest case). Where such stores are common the share runs high, and in small counties it can exceed 100% (capped and flagged).","Census withholds county counts under 3 establishments; those counties have no share. 2023 is the latest CBP year.","Connecticut: Census now reports its nine planning regions, which have no shapes in the county file used here. Each of the eight old Connecticut counties shows its own store counts but the statewide share (shareScope = 'state'). The planning regions are included in counties.json with their own shares, flagged no_shape_in_counties_10m.","Alaska: the pre-2019 Valdez-Cordova unit (02261) uses the Census counts of its two successors, Chugach (02063) and Copper River (02066), which add up to it exactly.","Store locators can be incomplete. Known gaps: Jamba (0 stores in the ATP run used; about 688 in the previous week's run), Auntie Anne's (1,050 listings in the run used vs 1,391 a week earlier), Schlotzsky's (172 listings, against roughly 300 or more U.S. restaurants in public reports), and Levain, Chopt, Dos Toros, Naya, Luckin Coffee, Cibo Express (OTG), Lenwich, Eataly, Magnolia Bakery, PopUp Bagels, The Little Beet, Ole & Steen, Beard Papa's, Laduree, Rosa Mexicano, Wagamama, Wasabi, Cecconi's, TAO, Tatte Bakery & Cafe, Beauty & Essex, Duck Donuts, Hawksmoor, Kilwins, LAVO, Planta, World Bean (no ATP spider; NYC counts only). Barnes & Noble Cafe and German Doner Kebab also count in New York only: the ATP spider for each does not list its U.S. restaurants. Bubbakoo's Burritos and California Pizza Kitchen have an ATP spider whose stores are not yet in our county counts, so they count in New York only for now. Cafe Rio, Chicken Salad Chick, Pei Wei and Shipley Do-Nuts have neither store-locator data in the run used nor a New York permit, so they are counted nowhere yet.","Five brands publish no coordinates (Jersey Mike's, Jimmy John's, Auntie Anne's, Cinnabon, Moe's). Their addresses were geocoded by the Census Geocoder; 932 were placed by ZIP code only and 340 could not be placed. Unplaced stores are in state and national totals but on no county, except 4 with no state, which are in no total.","Ownership for 19 records (Tropical Smoothie Cafe, Playa Bowls, Insomnia Cookies, Checkers & Rally's, Levain, Chopt, Dos Toros, Naya, Maman, Qdoba, Bojangles, Church's, Bob Evans, Red Lobster, P.F. Chang's, TGI Fridays, Hooters, Golden Chick, Captain D's) comes from the verification pass only, with primary sources but without the full research step. meta.national.sensitivity gives the share without them.","Checkers & Rally's, Red Lobster, Cibo Express (OTG), Chuck E. Cheese, Planta, World Bean, Rubio's Coastal Grill and Ruby Tuesday are controlled by former lenders and credit funds after restructurings, which some readers may not call private equity.","NYC: DOHMH permit names are matched to brands by pattern. A few brand stores licensed by New York State instead (for example a Nothing Bundt Cakes bakery and some gas-station Tim Hortons) are not in DOHMH. 3,808 permits have not been inspected yet; shareInspectedOnly leaves them out.","County shapes are simplified (1:10m). Falls Church, VA (51610) is a zero-area sliver and will not show on the map."],"sources":[{"name":"All The Places","url":"https://alltheplaces-data.openaddresses.io/runs/2026-09-19-13-32-18","license":"CC0 1.0 (public domain dedication)"},{"name":"U.S. Census Bureau, County Business Patterns 2023","url":"https://www2.census.gov/programs-surveys/cbp/datasets/2023/cbp23co.zip","license":"Public domain (U.S. government work)"},{"name":"NYC DOHMH Restaurant Inspection Results","url":"https://data.cityofnewyork.us/Health/DOHMH-New-York-City-Restaurant-Inspection-Results/43nn-pn8j","license":"NYC Open Data terms of use"},{"name":"NYC 2010 Neighborhood Tabulation Areas","url":"https://www.arcgis.com/home/item.html?id=e5fa441a723d46129fc82369489089c4","license":"NYC Department of City Planning open data"},{"name":"us-atlas 3.0.1","url":"https://github.com/topojson/us-atlas","license":"ISC (us-atlas); geometry from U.S. Census Bureau cartographic boundary files (public domain)"},{"name":"U.S. 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