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Profiles in Partnership: The Secret to Longevity -- Columbia Restaurant Group and Fowler White Boggs Banker


by Jeffrey C. Shannon
Fowler White Boggs P.A.
Tampa Office

July 12, 2009

Previously published by LexisNexis® Martindale-Hubbell® Counsel to Counsel Magazine on September 2008

According to a 2003 Ohio State University study, 59 percent of restaurants go under within their first three years. In 1991, professors from Michigan State and Cornell University found that 70 percent of restaurants never see their 10th anniversary. But there's apparently no research out there on the odds of a restaurant making it to the century mark. So if you really want to know the secret to longevity in a notoriously short-lived business, you'll have to ask Richard Gonzmart.

By Counsel to Counsel Editor Steven Andersen


 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.


 

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