Restaurant investment

[ekmallette]

Yeah..I think right now trying to open a restaurant would be tough. Folks do always have to eat, but now I think more are choosing to stay home. With the cost of food up so much, gas prices and other concerns...it's hitting restaurants hard in my area of the country (upper midwest). Many places are going out of business...even large chains!

[DianaR]

Restaurants fail often. Before investing in one, make sure it has a proven track record, and if so, don't change anything once you start investing.

[BrendaMarie]

Look at StarBucks - the most popular coffee chain in the USA today - they're even having to close up a lot of their shops in today's economy.

[DianaR]

Originally Posted by BrendaMarie

Look at StarBucks - the most popular coffee chain in the USA today - they're even having to close up a lot of their shops in today's economy.

So true.

You have to also consider some of the laws being enacted to provide healthier choices for diners. Providing healthier food can increase overhead, which can put your prices so high that most people will choose less expensive venues.

[BrendaMarie]

There are so many laws and regulations going into place anymore requiring healthier food that it'd be almost impossible to succeed.

[jhellie_baby]

Originally Posted by mandiees

Restaurant investing is pretty scary in this economy, but no one ever made progress without taking any risks, right?!

Well, we would never know not unless we try it. Restaurants can be a good investment if you know how to find the perfect place where lots of potential customers may be hiding.

[elvenrunelord]

A restaurant can be a good investment, but times are tight and even the major chains are feeling the pain. Now is not really the time to start a money intensive business.

[Lissy]

People always have to eat, yes. But when the economy isn't good, people stop eating out or eat out less. That hurts restaurants. I know a lady who owns a restaurant, and she is experiencing this right now.

[giay]

Food is a good business because no matter what we all have to eat. Only that to invest this time will entail risks considering the economy's status. Restaurant likewise requires greater effort compared to other types of business because it is labor intensive. Proper handling of people is also necessary to run it smoothly.