Posted by spook on February 01, 2013 at 10:48:44 from (68.34.158.98):
In Reply to: The restaurant closed posted by rrlund on February 01, 2013 at 07:53:15:
The restuarant biz is very competitive. My wife's old shop was in Brighton for 21 years. The pizza shop next door had as many as 20 owners over the year. We got to the point that we didn't want to talk to the new owner's, we knew that they would be going broke. The last manager there had worked for 4 owners in 3 years. All 4 went bankrupt, and a couple are suing each other. They say that restuarants and bars have a 90% failure rate. If you take out the big chains in the stats, I'd guess it would be 99%+. We just had a new place open up in Fowlerville, but a bar right around the corner closed. Might make farming look easy? :)
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