Do restaurants make money 2024?
I'll answer
Earn 20 gold coins for an accepted answer.20
Earn 20 gold coins for an accepted answer.
40more
40more
Sophia Moore
Studied at University of Oxford, Lives in Oxford, UK
As a domain expert in the hospitality industry, I can provide a comprehensive analysis of the financial viability and profitability of restaurants. The restaurant business is a complex and multifaceted industry that involves a delicate balance of various factors such as location, food quality, customer service, and operational efficiency. The profitability of a restaurant is influenced by a myriad of variables, and it's not uncommon for the margins to be quite slim, as indicated by the statement, "You have tiny margins and can't afford to make mistakes."
2024-05-26 07:51:27
reply(1)
Helpful(1122)
Helpful
Helpful(2)
Works at the World Health Organization, Lives in Geneva, Switzerland.
You have tiny margins and can't afford to make mistakes." According to a report on food franchising by Franchise Business Review, 51.5 percent of food franchises earn profits of less than $50,000 a year; roughly 7 percent top $250,000, with the average profit for all restaurants coming in at $82,033.Oct 21, 2013
2023-06-15 20:55:52
Isabella Ramirez
QuesHub.com delivers expert answers and knowledge to you.
You have tiny margins and can't afford to make mistakes." According to a report on food franchising by Franchise Business Review, 51.5 percent of food franchises earn profits of less than $50,000 a year; roughly 7 percent top $250,000, with the average profit for all restaurants coming in at $82,033.Oct 21, 2013
