--- title: How Technology Changed The Restaurant Industry description: Investments in technology helped restaurants fuel sales in 2022, despite inflation, staff shortages, and inventory delays. A survey by TD Bank has found image: https://www.quikstonecapital.com/hubfs/Smiling%20waiter%20and%20waitress%20using%20digital%20tablet%20at%20counter%20in%20cafe.jpeg --- [![Merchant Cash Advance](https://www.quikstonecapital.com/hs-fs/hubfs/_Website/Logos/Web-Combo-11.png?width=200&name=Web-Combo-11.png "Merchant Cash Advance")](https://www.quikstonecapital.com/) [![Merchant Cash Advances](https://www.quikstonecapital.com/hs-fs/hubfs/_Website/Logos/Web-Color2.png?width=738&name=Web-Color2.png "Merchant Cash Advances")](https://www.quikstonecapital.com/) # Merchant Cash Advance Blog # How Technology Changed The Restaurant Industry Posted by [Karen Erdelac](https://www.quikstonecapital.com/merchant-cash-advance-blog/author/karen-erdelac) on Dec 9, 2022 - [Tweet](https://twitter.com/share) ![How Technology Changed The Restaurant Industry](https://www.quikstonecapital.com/hs-fs/hubfs/Smiling%20waiter%20and%20waitress%20using%20digital%20tablet%20at%20counter%20in%20cafe.jpeg?width=737&height=492&name=Smiling%20waiter%20and%20waitress%20using%20digital%20tablet%20at%20counter%20in%20cafe.jpeg)Investments in technology helped restaurants fuel sales in 2022, despite inflation, staff shortages, and inventory delays. A survey by TD Bank has found that restaurants making significant technological investments were able to keep sales growing. Of the 250 restaurant owners participating in the survey, 72% said they invested in contactless ordering (mobile/online ordering), payment, pickup, and new delivery services to boost revenue.  Mobile ordering and delivery are now part of everyday life and are no longer nice to have but are expected. Restaurant owners must continue to enhance these offerings to keep up with the competition. Restaurant owners noted that their top investment plans include mobile ordering (54%), delivery services (47%), technology such as new POS systems, self-service kiosks, digital signage (45%), and alternative payment methods (37%). Along with these investments in technology, restaurant owners say they also plan to make changes to their physical locations to cater to pickup and delivery. - 55% plan to add more space for pickup - 45% plan to provide additional drive-through areas - 43% plan to add an outdoor deck or patio for increased dining space Despite the restaurant industry's challenges, 81% responding to the survey feel optimistic about the future. This optimism and the planned investments lead to the need for capital. 61% of respondents plan to apply for funding within the year. Since 2005, Quikstone Capital has been a trusted funding partner for thousands of merchants. The process is fast and easy. There's a simple one-page application, no collateral is needed, and if a business accepts credit cards, it could qualify for up to $250,000. Merchants can use these funds for most business needs, including new technology and location upgrades. From approval to funding takes just 2-5 business days. **C**ontact us today for a no-cost or obligation qualification. [![Let's Get Started](https://no-cache.hubspot.com/cta/default/311686/52f682a9-974f-4352-9ca9-eb0ad28d05f3.png)](https://cta-redirect.hubspot.com/cta/redirect/311686/52f682a9-974f-4352-9ca9-eb0ad28d05f3) #### Category/Topic - [Small Business (268)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/small-business) - [Restaurant (255)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/restaurant) - [Growing Your Business (191)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/growing-your-business) - [Funding Your Business (147)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/funding-your-business) - [Holiday (110)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/holiday) - [Merchant Cash Advance (93)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/merchant-cash-advance) - [Retail (70)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/retail) - [Business Cash Advance (59)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/business-cash-advance) - [Bakery (52)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/bakery) - [Specialty Retail (52)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/specialty-retail) - [Catering (49)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/catering) - [Salon and Day Spa (46)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/salon-and-day-spa) - [Auto shops (41)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/auto-shops) - [Grow Your Business (33)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/grow-your-business) - [Liquor Store (31)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/liquor-store) - [Marketing (25)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/marketing) - [Ecommerce (21)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/ecommerce) - [About us (20)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/about-us) - [Mobile (11)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/mobile) - [Cash for Businesses (10)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/cash-for-businesses) - [Dental Office (9)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/dental-office) - [Coffee Shop (8)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/coffee-shop) - [Veterinary (5)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/veterinary) - [PCI compliance (3)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/pci-compliance) - [Pool Service (2)](https://www.quikstonecapital.com/merchant-cash-advance-blog/topic/pool-service) [See More](https://www.quikstonecapital.com/merchant-cash-advance-blog/how-technology-changed-the-restaurant-industry#) [![Alternative Funding](https://no-cache.hubspot.com/cta/default/311686/b9359813-7020-4f5e-828a-adacff883647.png)](https://cta-redirect.hubspot.com/cta/redirect/311686/b9359813-7020-4f5e-828a-adacff883647) [![Merchant Cash Advance](https://www.quikstonecapital.com/hs-fs/hubfs/_Website/Logos/Web-Combo-2.png?width=738&name=Web-Combo-2.png "Merchant Cash Advance")](https://www.quikstonecapital.com/) Quikstone Capital provides business loan alternatives to get your business the cash it needs to grow and prosper. [![](https://www.quikstonecapital.com/hs-fs/hubfs/_Website/Images/BBB1.png?width=180&name=BBB1.png)](https://www.bbb.org/west-florida/business-reviews/financial-services/quikstone-capital-solutions-in-tampa-fl-90026826) ###### Quik Links [Home](https://www.quikstonecapital.com) [Apply](https://www.quikstonecapital.com/apply-for-a-merchant-cash-advance) [Resources](https://www.quikstonecapital.com/business-funding-guides-case-study-white-paper) [Cash Advances](https://www.quikstonecapital.com/business-cash-advances-business-loan-alternative) [Blog](https://www.quikstonecapital.com/merchant-cash-advance-blog) [Privacy Policy](https://www.quikstonecapital.com/qcs-privacy-policy) [Terms Of Use](https://www.quikstonecapital.com/qcs-terms-of-use) ###### Contact Us [Quikstone Capital Solutions](https://www.quikstonecapital.com/) 1-866-456-5638 1-813-371-8233 4350 W. Cypress St., Suite 701 Tampa, FL 33607 ###### Stay Connected [** ** ](https://www.facebook.com/QuikstoneCapital/) [** ** ](https://twitter.com/QuikCapital) [** ** ](https://www.linkedin.com/company/quikstone-capital/)