Cooking, hot/cold holding and cold storage are the three equipment categories operators plan to upgrade or replace the most in the next two years.
Cooking equipment (e.g., stoves, ovens, fryers) is the category that operators most often plan to replace or upgrade in the next two years (43%). Operators with annual food and beverage purchases of $500,000 or more are significantly more likely to plan to replace or upgrade cooking equipment (54%) than those with smaller purchases (27%). Only 3% of college operators say they do not need to upgrade/replace any of these equipment types and they are the most likely to plan to upgrade/replace each of these equipment types.
Retirement homes/senior living: