722511 - Full-Service Restaurants
When it comes to the hospitality industry, NAICS code 722511 stands out as a vital classification for businesses operating within the full-service restaurant sector. Whether you’re an entrepreneur aiming to break into the dining market or a government contractor exploring opportunities, understanding this NAICS code is essential. This blog post delves deep into the details of NAICS code 722511, highlighting key aspects and answering common questions.
What is NAICS Code 722511?
NAICS code 722511 represents the industry segment titled Full-Service Restaurants. This code is assigned to establishments that are primarily engaged in providing food services to patrons who:
- Order and are served while seated.
- Pay for their meals after eating.
These are establishments that offer a full range of food and beverage services, which usually include table service and a diverse menu ranging from appetizers to desserts and beverages.
Sector: Accommodation and Food Services
NAICS 722511 falls under the broader Accommodation and Food Services sector. This sector encompasses various businesses related to lodging and food services, playing a crucial role in the economy by serving millions of customers daily.
Typical Business Types Under NAICS 722511
Businesses classified under this NAICS code typically include:
- Family Restaurants: Casual environments that cater to families offering diverse, affordable menu options.
- Fine Dining Restaurants: Upscale establishments with an emphasis on high-quality food, superior service, and a sophisticated ambiance.
- Casual Dining Establishments: Restaurants that balance quality food and a relaxed atmosphere, often featuring table service and moderately priced menus.
Size Standard for NAICS 722511
For business size classification, the Small Business Administration (SBA) defines the size standard for NAICS 722511 as:
- $11.5 million in average annual receipts.
This standard is crucial for government contracting and eligibility for small business programs. Businesses earning below this threshold are typically considered small and can compete for specific small business set-aside contracts.
Examples of Businesses Under NAICS Code 722511
Some examples of businesses that would be classified under NAICS 722511 include:
- Neighborhood family diners
- Upscale bistros and gourmet restaurants
- Chain casual dining restaurants like Applebee’s or Chili’s
- Ethnic sit-down restaurants offering table service
Frequently Asked Questions (FAQ) about NAICS 722511
What services do full-service restaurants provide under NAICS 722511?
These restaurants provide table service where customers place orders and are served while seated. They offer a broad menu selection including food and beverages and handle payment after guests finish dining.
How does NAICS 722511 differ from limited-service restaurants?
NAICS 722511 covers full-service restaurants with table service, while limited-service restaurants (NAICS 722513) typically require customers to order at a counter or drive-thru, with minimal or no table service.
Why is the NAICS code 722511 important for small business contractors?
This NAICS code helps define eligibility for small business size standards, allowing restaurants under the $11.5 million revenue cap to qualify for government contracts and programs designed to support small businesses.
Can bars or nightclubs be classified under NAICS 722511?
No, bars and nightclubs generally fall under a different NAICS code (e.g., 722410 for drinking places). NAICS 722511 specifically applies to restaurants providing full table service meals.
Conclusion
NAICS code 722511 plays a critical role in identifying and categorizing full-service restaurants within the Accommodation and Food Services sector. Understanding its scope—from the types of restaurants covered to the size standards for small business classification—is essential for industry professionals, entrepreneurs, and government contractors alike.
By familiarizing yourself with this NAICS code, you can better navigate business development, compliance, and contracting opportunities in the full-service restaurant market.
Looking to expand or start a full-service restaurant? Knowing your NAICS code 722511 can open doors to strategic partnerships and funding opportunities. Stay informed and position your business for success in this thriving sector.
