How do you make a small fortune? Begin with a big one and open a restaurant.

The difficulties of operating a U.S. eatery, whether or not promoting sizzling canine or haute delicacies, are well-known, but hope continues to conquer expertise. In a rustic saturated with chains, NPD Group estimates that about 53% of eating places are nonetheless impartial, regardless of their excessive failure price—particularly within the first yr. The pandemic made being a restaurateur even harder: About 10% of impartial eating places shut down in 2020 in contrast with simply 2.5% of these belonging to chains, in accordance with knowledge from Morgan Stanley and Euromonitor. 

Source link