Girl Talk

Look Whos Cooking

Women are stirring up the restaurant industry: They now own approximately one of every three restaurants. According to the Census Bureau, the number of eating-and-drinking establishments owned by women increased 41 percent between 1987 and 1992. In the same period, the number of restaurants owned by men decreased 6 percent.

Women restaurateurs also outpaced men in total sales, doubling receipts over that five-year period, while men's establishments grew by 29 percent. Where women restaurateurs lag behind men is in average sales, which were $215,400, almost 40 percent lower than the $343,100 average earned by men.

The National Restaurant Association confirms women entering the industry is a long-term trend. "There aren't as many barriers to entry in this business. You can start a small restaurant, which may attract women who traditionally haven't been able to get large loans," says the asso-ciation's Caitlin Storhaug. "It's one of the last industries where you can really fulfill the American dream."

Like this article? Get this issue right now on iPad, Nook or Kindle Fire.

This article was originally published in the April 1997 print edition of Entrepreneur with the headline: Girl Talk.

Loading the player ...

Former Apple CEO John Sculley: Steve Jobs Sold Experiences, Not Products

Ads by Google

Share Your Thoughts

Connect with Entrepreneur

Most Shared Stories