Restaurants generally operate on narrow financial markets and have shockingly high failure rates. Foodservice in general is one of the riskiest small business models in the world. My father-in-law ran cafeterias for almost 60 years until he finally retired a few months before his 80th birthday, and he has told me many times how narrow the margins are in that game.
But when you have a business model that specializes in chicken wings, beer, and has an absolute lock on the 21-35 BroDude demographic – a model that hires as servers pretty, young women and has them in low-cut t-shirts and short shorts – well, how could you possibly mess that up?
But here we are, with the famous Hooters chain considering bankruptcy due to a debt crisis:
The casual dining chain is working with law firm Ropes & Gray to ready a filing, said the people, who added the plans are not…
