10 Reasons Restaurants Fail Even If They Re Good
According to a 2005 study from Ohio State University, 60% of restaurants close or change ownership in the first year of business, with 80% closing within the first five years. Restaurants fail for many reasons—from health-related closures to consistently bad reviews. Bad Location Location. Location. Location. A bad location is one of the biggest—if not the biggest—reasons a restaurant fails. Poor visibility, no parking, and no foot traffic is a combination that makes it nearly impossible to turn a profit....