This is pretty much the case in every country though. Tbf my dad has made a business of acquiring distressed restaurants and improving their profitability. In m

This is pretty much the case in every country though. Tbf my dad has made a business of acquiring distressed restaurants and improving their profitability. In most cases, the suckers are first-time restaurant owners who viewed it as a side hustle rather than a full time job. In most cases, it costs about 4x as much to open a restaurant than to acquire a distressed one. Anecdotally, a restaurant that was built with a cost of about a million bucks (local currency) in a 500 sq ft place (expensive city), was acquired by him for about 50k, and is now back to clocking about 1.5 million in revenue.