Note this study highlights how hard it is to succeed as a restaurant. But it’s not impossible:
It isn’t easy being a mom-and-pop restaurant owner.
Single-location owners have just weathered three consecutive years of declining average revenue — down 1.8 percent in 2007, 2.5 percent in 2008 and 3 percent last year. This year, IBISWorld is forecasting, things will finally tick up again about 3 percent. Which of course, still leaves operators down nearly 5 percent from where they were in 2006.
via Entrepreneur.com Daily Dose – New Study Shows Single Location Restaurant Owners Tough Reality.
