4 ms·
The restaurants are not profitable? I see successful restaurants often opening a 2nd location elsewhere in the city. Then a third.
by acchow 5y ago
The restaurants are not profitable? I see successful restaurants often opening a 2nd location elsewhere in the city. Then a third.
- ghaff 5y agoMany or not however. Probably in part because a lot of small businesses are not good businesses. Personally though and this may be an unpopular opinion but eating out even at cheaper restaurants is largely a luxury compared to eating at home. Certainly not in the same category as childcare when parent(s) are working.
- pfranz 5y agoI've been told opening multiple locations is the most feasible way to be profitable so you can amortize many costs and get better deals ordering in bulk. Restaurants are also a notoriously tough business with thin margins.