So, the restaurant business. Is it a bad route to go? I would like to be an owner of a small food joint in the city (Chicagofag here). I know the failure rate for a restaurant in its first year is like 90-95% but fuck it, I think it sounds like a great life.
Am I wrong here?
are you an idiot?
>>1381140
You will die
Just don't fucking do it.
>dad's family owned their own restaurant
>owned
>father moved on to a career of fine dining
>assistant GM of top-tier restaurant in town
>30 years restaurant experience
>also worked in retail banking, played markets on the side
You're better off working a McJob and saving gold grams, honestly. Restaurants do horribly (tons of regulations, hard to find good help, customers actually have leverage against you, high rents in good foot-traffic areas, did I mention food regulations?) on average. We only think they're good businesses because of survivorship bias.
Don't do it unless you want to work 6 days a week for $50k a year or less.
Oh and plenty of stress.
>>1381186
Also this: http://www.restaurant.org/Downloads/PDFs/News-Research/index/RPI-May2016.pdf
>>1381186
Yeah it seems like every place I go to looks to be in good condition but I suppose I don't know what's actually going on behind the scenes. It's not like I would want a big fancy dine in restaurant, just a fast food joint (preferably Mexican food)
I worked in restaurants a bit when I was younger, it seems like a really tough business. I wouldn't want to do it.
