• Daft_ish@lemmy.world
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    7 months ago

    Ugh, you don’t run a restaurant do you? I mean that takes capital too but I’ve heard of turn key type setups.

    You know like 90% of restaurants fail so that is not really super viable.

    • HappycamperNZ@lemmy.world
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      7 months ago

      Nope - restaurants take too much start up capital and I only cook for friends and family. Learning curve is too steep for my taste and most start with significant loans - I never saw the appeal to be honest. Turn key are franchises, and im a strong believer that franchises don’t belong in the service industry.

      90% of restaurants do fail, but 50% of all businesses fail in the first year, 90% by 5. The numbers are the same across the board - many of that first 50% never make a sale.