LendingTree analyzed the 50 largest U.S. cities using four factors to determine which areas give prospective restaurateurs the best shot at success. After looking at average estimated annual revenue, estimated payroll costs per employee, number of restaurants per 100,000 households with incomes of $50,000 or more, and number of restaurants per 100,000 residents aged 35–54, Cincinnati was ranked number 2.
As the study explains, Midwestern cities offer lower labor costs and less competition, and, despite the fact that Cincinnati has more chains, urban renewal combined with younger residents creates a prime opening for prospective independent restaurants.
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