Entrepreneur Plus - Short White
For Subscribers

You <em>Can</em> Start a Restaurant in a Down Economy In an industry so unforgiving, what's the recipe for starting a restaurant in a recession?

By Sara Wilson

Opinions expressed by Entrepreneur contributors are their own.

Yes, You Can Start a Restaurant in a Down Economy

For a complete listing of the top 120 restaurant franchises and how to contact them click here.
So you're thinking about opening a restaurant. The allure of fame and fortune seduces you, your love of food drives you, and you want to heat up your life in an exciting industry. That's all fine and well--just as long as you make sure the flame isn't turned up too high. Even in a healthy economy, the restaurant failure rate tells a grim tale, but in a recession, the industry is even more unforgiving. Expensive food spoils, labor costs are high, restaurant-goers are harder to come by, restaurants close and life goes on.

But we also know we're talking to a special breed of people: entrepreneurs. Entrepreneurs have the drive to go against the grain and the nerve to try their luck in such a ruthless industry. We're not saying don't do it. We're just saying to equip yourself with the right tools or you might just find yourself at the bottom of the food chain. To help you get started, we reached out to a handful of industry experts and food entrepreneurs and compiled the perfect recipe for starting a restaurant or food business in a down economy.

This is a subscriber-only article. Join Entrepreneur+ today for access

Editor's Pick

Related Topics

Business News

'It's Getting Worse By the Week': Kevin O'Leary Issues Grave Warning About Commercial Real Estate Industry

The "Shark Tank" star spoke to impending devaluation of stocks in the industry on FOX Business' "Varney & Co."

Business Ideas

To Get People to Back Your Ideas, First Find the Right People

Tap relationships – and needs – to get traction for your projects.


San Diego Warms to Defense Technology Entrepreneurs

The SBA invests in startups focused on cyber-security, unmanned air vehicles and renewable energy.


What Your Flaky Behavior Is Really Telling People

It's important to effectively manage your time and schedule, at least if you don't want to burn dozens of bridges.

Business News

'Beware': Tom Hanks Warns of AI Danger After Advertisement Uses His Likeness Without Permission

The actor shared a screenshot of the false advertisement to his 9.5 million Instagram followers.