Reasons why to be in the food and beverage business
1) You enjoy being of service to others by providing service to your customers.
2) You enjoy people and like to be around customers and employees.
3) You satisfy your sense of creativity by designing the decor, the menu and the service procedures.
4) If you are successful you have the ability to open additional locations and provide new opportunities for your customers and new employment opportunities for your existing employees and future employees.
5) You enjoy food and drink and you get to create food and drink items to satisfy your passion as well as to provide items your customers will enjoy.
6) If successful you satisfy and can expand your financial objectives and provide financial security for yourself.
7) You control your own destiny as you become your own boss.
8) You utilize talents you acquired from culinary education and work experience.
9) You have the ability to provide jobs and future growth opportunities for family members and friends if they desire to be part of the business.
10) You provide job opportunities for your employees as well as to provide possible growth opportunities for them.
11) You are providing services to the community by offering community members the services you provide.
12) The demand for food and beverage is constant and growing subject to the price value you provide to your customer.
13) Skills you learn in the food and beverage industry are transferable to other industries and other cultures.
Reasons why not to be in the food and beverage business
1) You are working while others are playing. Frequently the food and beverage industry requires you to work nights, holidays and weekends while others are off.
2) Long hours at times when other employees don’t show up for their shift. As a working owner inevitably issues occur which require long hours on a regular basis.
3) Having to deal with unreasonable employees, customers, bosses and vendors.
4) There can be a high stress level for employees and/or owners for various problems that occur. Such problems may include as follows:
a. short staffed for employees that don’t show up,
b. impolite customers,
c. running out of food and beverage products during operating hours,
d. unexpected maintenance problems and various equipment not working.
5) Physical and mental challenges. This includes the following:
a. having to stand on your feet for long hours,
b. lifting heavy items, and
c. dealing with erratic work demands due to the peaks and valleys of the business which creates added stress.
6) High turnover of employees for some positions.
7) Unanticipated maintenance items and government requirements can be very expensive.
8) There is intense competition in this industry and the success rate is low.
In life there are usually positives and negatives in whatever you pursue. As long as the positives out weigh the negatives and you enjoy what you’re doing I would highly recommend you pursue the food and beverage industry as a career.
All of Restaurant Realty’s Agents and Brokers are well equipped to deal with a diversified group of sellers and buyers. For further information, please contact Principal Broker Steve Zimmerman at steve@restaurantrealty.com or call 888-995-9701.
Now celebrating our 29th year, Restaurant Realty Company® has a successful track record helping over 3,400 clients in completing over $1,000,000,000 (billion) of Business and Real Estate Transactions including the following: Selling/leasing ove
Restaurant Realty has Closed Escrow and/or Leased 400+ Deals since 2020!