10 Reasons Restaurants Fail

10 Reasons Why Restaurants Fail10 Reasons Restaurants Fail

90% of all restaurants fail in their first year. Or is it 60%?

The answer depends on whose statistics you believe? In any event, it appears that more than half of all restaurants fail within 3 years.  

Is a franchise better than an independent? Not really. 57% of franchise restaurants close within 3 years compared to 61% of independent restaurants.

See the statistics at:

Focus on success, not failure (USA Today)

Here’s a list of the 10 Reasons Restaurants Fail:

  1. Location
  2. Restaurant Owners Who Don’t Work
  3. Hiring Poor Management
  4. Not Paying Taxes
  5. Bad Customer Service
  1. Not Watching Your Cash Flow
  1. Keeping Payroll Too High
  1. Not Advertising
  1. Not Understanding Food Costs
  2. Spending Too Much Money Before Opening Day

See the list along with extended explanations at:

Ten Reasons Restaurants Fail (About Money)

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