"Food halls are on the rise as restaurateurs face a challenging economic climate in which rising energy costs have been exacerbated by US-Israeli attacks on Iran, and labour costs have spiraled as a result of increases to the minimum wage and national insurance contributions for employers."
"Eating at a food hall is usually a lot cheaper than going to a restaurant. There are 65 new food halls in development all over the country, including a 60,000 sq ft behemoth in Newcastle, in the old Debenhams department store, due to open this June."
"Food halls have become incubators for new businesses and have given opportunities to operators who can't even entertain the costs of bricks and mortar sites."
Food halls are experiencing significant growth in the UK, with the Sheffield food hall being the largest in Europe. Despite economic challenges, including rising energy and labor costs, food halls are profitable, averaging £5.6 million in annual revenue and 10.75% year-on-year growth. They provide cheaper dining alternatives compared to traditional restaurants. Numerous new food halls are under development across the country, creating opportunities for new businesses and operators who cannot afford traditional restaurant spaces.
Read at www.theguardian.com
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