Running a restaurant looks like hard work and long hours.
What percentage of restaurants are profitable? And what is the average revenue and net income of a small restaurant. What I found out was – 90% of restaurants fail in their first year of existence. A 10% profit level for a restaurant is considered a success. The average revenue and net income is hard to define without knowing the food concept and what type of liquor license the establishment will have: just beer and wine license or full bar license? Will the restaurant depend heavily on take out food orders or mostly dining within? The hours are very long 12 to 15 hours a day if yo will be serving lunch and dinner.