Is a restaurant a profitable business 2024?
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Works at the International Telecommunication Union, Lives in Geneva, Switzerland.
Entrepreneurs interested in opening a restaurant may think that an experienced cook and a good location will undoubtedly bring in huge profits for their business. In reality, the restaurant industry is characterized by small profit margins -- around 2 to 6 percent on average according to the Restaurant Resource Group.
2023-05-17 15:25:06
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Lucas Rodriguez
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Entrepreneurs interested in opening a restaurant may think that an experienced cook and a good location will undoubtedly bring in huge profits for their business. In reality, the restaurant industry is characterized by small profit margins -- around 2 to 6 percent on average according to the Restaurant Resource Group.