it’s funny this came up. I’ve been watching those “reality shows” and it has pretty much dissuaded me from even considering going into a restaurant franchise. It’s a tough business and most local places are lucky to make it past two years. I have no desire to stay up all night chasing roaches, scrubbing exhaust vents, cleaning grease traps and sleeping in the office.
In my research the small business administration has stats that 95% of restaurants fail within 3 years.
As Chef Robert Irvine says, the restaurant business is a full-time commitment. If you have the passion, the drive and the experience to share your love of good food with others, you can potentially make it work.
Just don’t expect to get rich off it. If you like cooking and have the know-how, it can be a good fit. But don’t sign up and expect to run a restaurant and turn a profit if you don’t know what you’re doing.
And for every restaurant that succeeds, others close their doors. Its a tough business and definitely not one for the faint of heart. This is a 24/7 year round business and you have to be committed to it to make it something people want to spend their dollars at.
I’d want a food truck instead. At least you can move to a new location if business isn’t good.
Yep, that’s why I got out of the food business, way, way, way too much cleaning. And it’s got to be clean.