Many people know that it is quite expensive to run a restaurant. Of all the businesses that open, restaurants are the mostly likely to close within the first year or two. Reports show that one of those reasons is the costly over head to run a restaurant. Operating costs for restaurants is over 50% which is the most since these studies started several years ago. This is in large part due to the rise in minimum wage.

Key Takeaways:

• It is more expensive to have a restaurant than last year.
• It is even harder on the restaurant operators with minimum wage being increased.
• Other countries out of the UK are suffering even more

“Average operating costs in the restaurant sector now account for over 50% of turnover, according to a new study in to the state of the licensed hospitality sector.”

Read more: http://mobile.bighospitality.co.uk/Business/Restaurant-operating-costs-rise-above-50-turnover