Got a job with a lot better hours than I had before. Appreciate the support .
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Wooooo hoo! Glad to hear!Got a job with a lot better hours than I had before. Appreciate the support .
Shh noone knows about that lolCongrats! I guess shaving your chest was worth it...
Yes we do....you told us.Shh noone knows about that lol
There's nothing like an open secret. And then someone spills the tea. LolYes we do....you told us.
I think the figure is around maybe 10 percent of restaurants actually SUCCEED. It takes years to make your money back from the initial investment. The best bang for your buck in the restaurant industry is FRANCHISE. I know that sucks because people want something original, but the original places have too much competition to stay open. If YOUR restaurant loses money then YOU feel it. If a franchised restaurant loses money, the owner/operator doesn't feel it because the parent company does. Example..... My wife is Indian (dot not feather) and just about everyone in her family has opened and closed several businesses (the stereotypes are true). They all ended up franchising (opening a McDonalds/Dunkin Donuts/etc.) and let the parent company take their percentage off the top of their earnings, but in the end its a SAFER investment.Amen. Not to mention that start up restaurants have a high rate of failure, and even the successful ones typical net around 10% profit.
I think the figure is around maybe 10 percent of restaurants actually SUCCEED. It takes years to make your money back from the initial investment. The best bang for your buck in the restaurant industry is FRANCHISE. I know that sucks because people want something original, but the original places have too much competition to stay open. If YOUR restaurant loses money then YOU feel it. If a franchised restaurant loses money, the owner/operator doesn't feel it because the parent company does. Example..... My wife is Indian (dot not feather) and just about everyone in her family has opened and closed several businesses (the stereotypes are true). They all ended up franchising (opening a McDonalds/Dunkin Donuts/etc.) and let the parent company take their percentage off the top of their earnings, but in the end its a SAFER investment.