It seems like a new place is opening up just about every day in Savannah, and one study explains why — it is a great place to be for burgeoning restaurateurs.
BOE (or Bid-on-Equipment) compiled a study of the 50 best cities in the U.S. to start a restaurant in with Savannah making the cut at number 34. The top five places? Arlington, Virginia led the list followed by Ann Arbor, Mich.; Washington D.C.; San Francisco, Calif.; and Atlanta, Ga.
According to the site, the methodology was based on the annual restaurant sales per capita, the restaurants per capita, the number of restaurant industry workers per capita and the median income of the city. According to the site, "data for restaurant sales, restaurants per capita and workforce was collected from the U.S. Census Bureau. Median income data was collected from the American Community Survey. Each factor was graded on a 100-point scale and then weighted to reach a final ranking."
For Savannah, it had an annual restaurant sale of $3,204 with 292 restaurants per capita, 6,599 workers and a median income of $36,628. Charleston made the list at number 21 with an annual restaurant sale of $3,522, 318 restaurants, 6,724 workers and a median income of $52,971.
"Overall, when it comes to finding an ideal location to start a restaurant, it’s not all about sales," the study authors found. "Factors like over-saturation, competition and disposable income are all metrics to keep in mind when researching a market."
Food has Savannah has found its way onto a national, and even international map, with places such as The Grey earning recognition from national publications — and most recently, appearing on Netflix's "Chef's Table" series. A number of new spots have opened up to acclaim by locals such as City Talk columnist Bill Dawers, who has written about El Coyote, NaaN on Broughton Street and the Emporium Kitchen and Wine Market at the Perry Lane Hotel.
Read more about the study here.