Quote:
Originally Posted by Chef
High end restaurants have razor thin margins and very high overhead. People think their owners tend to have piles of money in their pockets and access to capital because their restaurants are expensive and look fancy. The opposite is usually true. There is a reason why high end restaurants rarely make it more than five years while a neighborhood pizza joint will be there for decades. It is the pizza joint that is making all the money.
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High end restaurants have a lot of overhead. A pizza joint, not so much.