The restaurant industry has attracted entrepreneurs from all walks of life to try their hand at restaurant management and ownership. While this business endeavor can be attractive, it’s also a challenging venture that has a variety of hidden obstacles.
Research shows that one in every three restaurants closes its doors for good within the first three years of business. Because crafting a successful restaurant from the ground up can be an extremely difficult endeavor, many would-be restaurateurs are turning to franchise purchases.
Purchasing an already successful business can alleviate the stress and some of the responsibility inherent to a restaurant venture.…Continue reading