The quote from 'Midnight Run' about restaurant investment resonates as 'more than half of them go under within the six months', highlighting persistent challenges in the industry.
Despite the apprehensions surrounding restaurant investments, private-equity firms have significantly increased their investments in the sector over the past decade, indicating a conflicting narrative.
PitchBook data showed that private-equity investments in fast-casual restaurants surged from $7.7 million in 2013 to $231 million in 2023—a nearly 3,000% increase.
The boom of fast-casual restaurant chains, with the number doubling and sales tripling between 2009 and 2018, suggests a thriving market, contradicting the narrative of failure.
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