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Convenience-driven technologies, labor challenges, sustainable food practices, a swiftly changing consumer set, intensifying competition, name it. All of these factors have affected the $833 billion restaurant in the past couple of years unlike any other time in the industry’s history. The National Restaurant Association put together a team of prognosticators to ambitiously ask that very question for its “Restaurant Industry 2030 Report.
for the emergence of a new business model for certain restaurateurs. “The basic paradigm of what constitutes a restaurant in America today is changing,” he said. These changes will continue–and accelerate–throughout the next 10 years, driven by the continued growth in off-premise business. We’re starting to see glimpses of this through delivery-only ghost kitchens, food halls and takeout-only models.
I want to do this business but lacking enough capital
The failure rate for restaurants is like 90%+
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