These change-of-ownership transactions
are treated as legal matters instead of actual
bankruptcy procedures and may not be included in
public records. Furthermore, because the focus of academic
research has remained primarily on bankruptcy
studies, the qualitative aspects of business failures
have received little attention. In writing this article, we
hope to determine the underlying factors that
determine the viability of a restaurant.These change-of-ownership transactions
are treated as legal matters instead of actual
bankruptcy procedures and may not be included in
public records. Furthermore, because the focus of academic
research has remained primarily on bankruptcy
studies, the qualitative aspects of business failures
have received little attention. In writing this article, we
hope to determine the underlying factors that
determine the viability of a restaurant.