Lawyer’s Restaurant Becomes One of the Statistics: 2 of 3 Will Close
Twenty-year legal veteran Charlita Anderson worked hard at her new Cajun restaurant in Ohio. By the time it closed, she had also learned some hard lessons about the difficult prospects for new restaurants.
Two out of every three new restaurants, delis and food shops close within three years of opening, the New York Times reports. The failure rate is the same for all small businesses.
Anderson was a juvenile magistrate when she decided to add a second job to her workday. In 2002 she opened Pepper Red’s Blues Café in Lorain, Ohio, doing everything from cooking her mother’s gumbo recipe to cleaning floors to singing for patrons. But she fell deeper into debt and 15 months later the restaurant closed, the story reports.
Anderson told the Times she asked herself, “How could someone with a law degree and as smart as you blow it this big?”
