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.

Most new restaurants close their doors within the first year. That is a horrific statistic. Too many hard working individuals are losing their money, and their dreams, due to a lack of specific information.

If you are thinking about opening your own restaurant, or struggling to make your current restaurant profitable, please read this FREE report: "The Restaurant Industry's Dirty Little Secrets.

One particular restaurant failure caused me to write down this information. I knew there was just one or two things I could have told those rookie owners that would have made a difference. Unfortunately, I didn't get the chance. To read more about that incident, click here

Today's Independent Restaurant Business Tip

for . Have a small toolbox handy! Many first time restaurant owners haven't considered that things break or stop working. And, of course, they always break during the busiest times. Make sure you have an assortment of tools handy so you can "MacGyver" whatever needs to be done until you have time to fix your restaurant equipment properly. It's really hard to undo a screw with a restaurant kitchen knife!

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