Quote:
Originally Posted by FakeNick
wouldnt bother personally restaurants are not going to be making any significant monies for the next couple of years due to the global economy tanking
in the us it is estimated that 19000 restaurants are going to close this year alone
couple that with the fact that most new places close within 6-9 months of opening it really isnt a good time to be entering the hospitality industry
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Definitely a good point, but you may be onto something with the fish and chips idea. I have worked in the restaurant business for ten years and am still involved in it. In New York the more upscale places that are new are going under like the titanic. They have no loyal customer base and if you are not putting out an exceptional product there is no money to be made at all.
but on the other hand people are not going out all the time to extravagant meals and are looking for food that is both good, fresh and reasonably priced. So I think you may have a decent shot at turning a profit. Remember one thing...location, location, location. With a bad location you will never survive and no matter how bad I wanted to go ahead and open a place if it took me 5 years to find the perfect location I would gladly wait for that opportunity