Research shows that approximately this number of owner-operated food service businesses go bankrupt in their first five years of operation.

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According to research, approximately 80% of owner-operated food service businesses go bankrupt within their first five years of operation. This statistic highlights the highly competitive and risky nature of the food service industry, making it essential for entrepreneurs to have a solid business plan and sufficient capital to sustain their operations.

Research Shows That Approximately This Number of Owner-Operated Food Service