Chefs Speak Out: All Bets Are On
Sunday, 03 June 2012 07:36
Giuseppe Ricciardi took a big risk by opening a second operation next to the longstanding Fairfax favorite he’d owned since 1994. But that bet, like his other restaurant ventures, is paying off.
By Lynn Schwartz
We all know the daunting facts—a large percentage of restaurants fail in their first year and for those that do make it, longevity is rare. So most chef-owners who operate a thriving business count their lucky stars and don’t mess with the concept. Many might duplicate a successful model in another city, but few would risk competing with their own restaurant by opening a second location nearby.