seven pages on why so many restaurants fail to be successful. well researched, good sources
Darren Atlee
Economics
January 13, 1995
Topic: Restaurants
Specific Topic: Failure of Restaurants
Question:
What are Five factors which contribute
to the failure of new restaurants?
Definition of Business Failure: Business that ceased operation following assignment or bankruptcy; ceased operation after foreclosure or attaching; voluntary withdrawal leaving unpaid debts.
It is a common assumption in the restaurant industry that restaurants fail at an exceedingly high rate, the highest fail…
