Part 2/10:
The economic landscape of the restaurant industry is stark. Profits often hover around a meager 3%, with high upfront capital requirements, inflexible returns, and a struggle to scale. However, among the many types of dining establishments, steakhouses emerge as some of the most profitable. They account for over half of the top-grossing restaurants in the United States each year, valued not just for the food but for the overall experience they offer.