Sofia Ramirez Design & Templates Editor at 4OVER4.COM
Sofia is our design and templates voice, built from the knowledge of our production team, with over 20 years in printing.
Question
What is the restaurant failure rate in the first year?
Answer
Roughly 60% of restaurants fail in their first year, according to data from the Cornell Hotel and Restaurant Administration Quarterly. That is about three times the ~20% first-year failure rate for small businesses overall.
| Business type | First-year failure rate |
|---|---|
| Restaurants | ~60% |
| Average small business | ~20% |
- Undercapitalization: running out of cash before the concept catches on is a leading cause.
- Poor location: the wrong spot can sink even good food and service.
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