Gone But Not Forgotten - Gil's Thrilling (And Filling) Blog

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Last updated 27 dezembro 2024

Gone But Not Forgotten - Gil's Thrilling (And Filling) Blog

There are approximately 970,000 restaurants across the fruited plain and–according to 2012 figures provided by the National Restaurant Association–they account for $632 billion in sales per year. Opening a new restaurant is not, however, a lucrative proposition nor is longitude a certainty. According to market analysis, the average “life span” of restaurants can be tenuous. Up to 90 percent of independent establishments shutter their doors during their first year of operation. Seventy percent of those which make it past their first year cease operations in the next three to five years. Ninety percent of the restaurants operating beyond the five-year mark will stay in business for a minimum of ten years. Just think about all the restaurants across the Land…