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.

The statistics don't lie!

Most new restaurants don't survive a year! A little insider information might be ALL that is standing between a profitable restaurant, and becoming another unfortunate statistic!

Before you spend a small fortune opening (or buying) a restaurant, I suggest you read my FREE report I've titled "The Restaurant Industry's Dirty Little Secrets. To get your free copy of this insider information click here to get the report!

There was a single, unforgetable event that made me mad enough to sit down and write this. It is my hope that another rookie restaurant owner won't lose their dream due to a lack of good information. To read more of that story click here

Today's Independent Restaurant Business Tip

for . Make a point of scheduling a check of all lighting, (IN and OUT)! Some owner operators get so tied up inside their restaurant that they never take a stroll outside the building. I recall one marginally successful restaurant that had many lights out on their front sign for years. The owner always drove in the back alley and never walked outside at night time. You must try to keep a "critical" eye and see your restaurant as your customer does! (They aren't in the kitchen the entire time ;-))

Readers Comments

Hi
I thought I would take a minute and say a big THANKS!!!! I have read your story over and over and over again. It was easy to read and easy to understand. Thanks for taking the time to put everything in perspective for me. I'll keep in touch and let you know how it goes.
Thanks your biggest new fan
Jolene