Restaurant business takes terrible toll
Only 3 per cent of restaurants survive, one of Australia’s leading restaurateurs says.
John Kilroy, who owns Char in Darwin and Cha Cha Cha in Brisbane, said getting the economics of the business right was tough.
“When you take out all the expenses, most restaurant owners don’t make any more than an average wage,” he said.
Mr Kilroy was speaking after another Territory restaurant — Lewinsky’s in Darwin city centre — closed.
Lewinsky’s, which was named after Bill Clinton’s love interest, opened in 2004 and was named the NT’s best restaurant in 2006. It was famous for its $100,000 self-serve wine cabinet.
The restaurant has been taken over by Honey Pot owners Graeme and Anne-Maree Oates, who have applied for a 4am liquor licence.
Mr Kilroy said many restaurateurs failed to do market research.
Like this post? Subscribe to my RSS feed and get loads more!
Leave a Reply