The restaurant industry has never been a get rich quick scheme. Annual growth rates of just one percent are common. But the competition for discretionary income has taken it;s tool. Rapid inflation in restaurant pricing is running head on into other consumer concerns like student debt and rising health care. Still it seems to me that Most restaurant owners “never” have good years and I suspect that they will have plenty up their sleeves now. This overview outlines the challenges at the moment.
Published December 29, 2016