Restaurant Failure Statistics

The Cold Hard Truth!

Present restaurant owners sometimes feel a little bit overwhelmed when they hear the statement that 90% of restaurant businesses fail in the first year in which they are in operation. With that said, they still charge on hoping that they will be the lucky 10% who make it and have a successful career as restaurateurs. Even though this 90% statistic tends to permeate the restaurant business as being factual in nature, it is good to know that this statistic as far as restaurant failure statistics goes is untrue in nature.

What Is the Truth Regarding the Failure of Restaurants?

There have been quite a few studies completed which focus on the statistical background of restaurant failure. The results have been beneficial and prompt restaurant owners to believe that the 90% myth is simply that. One of the more recent studies conducted in the late 1990’s in Columbus, Ohio produced results showing that the failure rate of new restaurants was between 67% and 81%. Although this covers just one area, it provides a glimmer of hope for business owners and provides them with faith that the 90% failure rate is perhaps one of the inaccurate restaurant failure statistics these days.

Where Can Restaurant Owners Find Out More About Restaurant Failure Statistics?

For those current restaurant owners who wish to learn more about failure statistics, there are a few places they can look to gain this important insight. The Internet is a wonderful resource to consult in order to find out facts relating to restaurant ownership and successful business tips to aid in preventing the failure of one’s hard work in their restaurant ownership endeavors. One may also find that books on being a restaurateur are helpful in presenting straightforward facts for those who wish to reduce their losses and pursue their restaurant career in the most favorable way.

It is sad that many rookie restaurant operators don't know just a few little things that could mean the difference between profits, and a "For Lease" sign in the window!

If you are thinking about opening your own restaurant, or struggling to make your current restaurant profitable, I suggest you read the FREE report entitled "The Restaurant Industry's Dirty Little Secrets. To get your copy of this restauant insider information (there are some people who desperately don't want you to learn this!), click here to get your FREE report!

If you would like to read more about the event that made me mad enough to sit down and write this ebook, click here

Today's Independent Restaurant Business Tip

for . Schedule everything and write it down! First time owners generally try to do things by the seat of their pants. The best way to get your restaurant up to the highest efficiency is to write all duties, deliveries, ordering times and job descriptions down. Then post them where everyone can see them. Don't forget to include scheduling for outside maintenance, window cleaning, grease company pickup, trash pickup and staff meetings!

Testimonial

Patricia
Thanks for making this information available. It has quickly become my most trusted resource as I prepare my restaurant business plan.
Thanks
Marilee Cutton