Why Your Favorite Restaurant Is Closing

How do you make a small fortune? Start big and open a restaurant.

Whether it’s hot dogs or haute cuisine, running a restaurant in the United States is notoriously difficult, but hope continues to trump experience. In a country saturated with chains, the NPD Group estimates that about 53% of restaurants are still independent, despite high first-year failure rates. The pandemic has put restaurateurs in an even tougher situation. Morgan Stanley and Euromonitor.