So you want to own your own restaurant?

 

Don’t do it!

own your own restaurant

Why?

  1. Work schedule is terrible – 50-75 hours/week
  2. Low pay – for everyone, including you (well, maybe not the waiters)
  3. Huge upfront costs – $100K- $$$$$
  4. Low profit margins – 10% or less
  5. Sky-high failure risk – restaurants are famous for it
  6. Low resale value – don’t forget to renew your lease
  7. High stress work environment – loud, exhilarating and exhausting
  8. Heavy pressure on lifestyle/family – the best reason not to do it

But, if you must…

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