Fewer than 1 in 4 NYC restaurateurs seek funding from investors.
New York City restaurateurs are some of the savviest in the industry.
It’s no surprise that New York City restaurateurs know how to hustle. Faced with some of the most expensive rent in the country and high employee turnover, New York City restaurateurs have to be resilient to stay in the game.
Despite the city’s unique challenges, New York City’s restaurants have some of the highest profit margins in the U.S. Not to mention, most New Yorkers are funding their restaurants with their own savings.
Our New York City Restaurants Report finds out how these restaurateurs are surviving (and thriving) in the city that never sleeps.