What percentage of restaurants are successful?

Roughly 30% of restaurants fail within a year, which means that only 70% succeed at making it through their first year of business.

How long do most restaurants last?

Many restaurants don’t last very long. A 2005 study from Ohio State University found that 80% don’t last more than five years.

What issues do restaurant owners struggle with?

Restaurant owners can struggle with many issues, including poor staff management, high turnover, poor food quality, and an inability to draw in customers.

How do you sell a failing restaurant?

Selling a failing restaurant can be hard. Typically, you’ll sell to a restaurant broker or larger chain that plans to absorb the business and convert it into one of its branded locations.

About the Authors

TJ Porter

Written by: TJ Porter

Personal Finance Writer

I have in-depth experience in reviewing financial products such as savings accounts, credit cards, and brokerages, writing how-tos, and answering financial questions both simple and complicated.

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