As a domain expert in the hospitality industry, I can provide a comprehensive analysis of the financial viability and profitability of restaurants. The restaurant business is a complex and multifaceted industry that involves a delicate balance of various factors such as location, food quality, customer service, and operational efficiency. The profitability of a restaurant is influenced by a myriad of variables, and it's not uncommon for the margins to be quite slim, as indicated by the statement, "You have tiny margins and can't afford to make mistakes."
read more >>

You have tiny margins and can't afford to make mistakes." According to a report on food franchising by Franchise Business Review, 51.5 percent of food franchises earn profits of less than $50,000 a year; roughly 7 percent top $250,000, with the average profit for all restaurants coming in at $82,033.Oct 21, 2013read more >>