High start-up costs, low profit margins and industry trends that die faster than they rise — the restaurant biz might be the riskiest biz of them all.
Survive your first 365 days as a fledgling culinary cadet and there’s still an 80% chance your passion project never sees year five. Turn the air conditioning too cold, or the music too loud, and your Yelp scores are dropping from 4.4 to 3.8. Apply a credit card processing fee (or an automatic gratuity) to the bottom of a customer’s bill, and you have one foot in the gastronomic grave.
But opening a restaurant is fun, right?…