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7 Reasons Opening a Restaurant Should Scare You

Chef Steven Howard | Chef's Blade

2. Do Some Market Research

Find out how many households per restaurant are in your eligible price point range neighborhoods. Find out how many restaurants sell the same thing within 5 miles of that neighborhood. Find out the ratio of residential housetops within 5 miles and how many businesses (large and small) within 3 miles (5 minute drive). These numbers are critical to determining whether you have a better shot at breakfast, lunch, dinner, catering, etc.

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