Problems of the restaurant business in 2019
As in any other business, there are key points due to which institutions are most often closed, and no matter, this is a small coffee shop or restaurant with 200 seats. From year to year, some reasons may change, but there are those that remain unchanged. Main problems:
Location. No matter how you praise your kitchen or concept with a perfect design, unfortunately, this does not guarantee good attendance. You need traffic that is highly dependent on location. In Ukraine and Russia, remote or suburban restaurants are still unpopular, so the key to success for most establishments is renting a room on the streets with good pedestrian and car traffic. Few people – no profit.
Rental price. Perhaps this reason in importance is equivalent to an unsuccessful location. By laying a fixed amount of rent in a business plan, beginning restaurateurs forget about the deadlines. Continue reading