Around 60 percent of new restaurants fail within the first year and about 80-percent shutter before their fifth anniversary. Those stats are pre-Covid.
Some reports estimate upwards of 16,000 eateries had to shut down due to the pandemic permanently.
And it looks like we could be heading for another shutdown to the latest outbreak.
One Houston restaurateur beat the odds and was able to keep his doors open with much success.
Marcus Davis, founder of The Breakfast Klub spoke with Roland Martin during this week’s edition of The Marketplace sponsored by Verizon about how he has been able to navigate the uncertainty of the coronavirus pandemic … #PressPlay 👉🏾
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