The Failure Rate of NYC Restaurants and Bars
By Esther Claudette Gittens | Editorial Credit: Bumble Dee / shutterstock.com The restaurant and bar industry has always been high-risk, with historically slim profit margins. However, in NYC, these risks are magnified due to the city’s unique dynamics. According to industry data: National Trends: About 60% of restaurants fail within the first year, and approximately […]