Locals call it the Location of Doom. The Bermuda Triangle of restaurants. The place where restaurants go to die. Four have closed at 187 Elm St. near trendy Davis Square in the past five years, after peddling everything from burritos to buttered croissants. All of them started out with such high hopes — and sunk [...]
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The Cornell study found little correlation between ownership structure and longevity, with 57 percent of local restaurants making it through the first three years, compared to 61 percent of national chains. The study did reveal that a key factor in success was having a defined concept of the restaurant and sticking to it, as opposed [...]
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