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|Michael Vick opened the financially doomed Tasting Room restaurant in suburban Atlanta in 2007.|
Want to make a small fortune in the restaurant business?
Then start with a large one.
So goes an old joke among restaurant owners, only it isn't really much of a joke. The latest case in point? Rapper-cum-reality television star Flavor Flav, who shut down his fried chicken restaurant in Clinton, Iowa, just four months after it opened.
According to reports, the eatery shuttered largely due to a dispute between Flav and the restaurant manager. Nevertheless, the rapper says he's considering another Iowa restaurant, as well as one in Las Vegas.
We've said this before and we'll say it again: the restaurant business has a failure rate of 57 to 61 percent. In other words, it's brutal. Particularly for celebrities. Especially for sports celebrities.
Just ask Chris Webber. Or Bernie Kosar. Or Brett Hull. Or Dwyane Wade, George Brett, Don Mattingly, Jeff Conine, Jim Kelly, Johnny Bench, Larry Bird, Lawrence Taylor, Pete Rose, Ronnie Lott, Wilt Chamberlain and ... frankly, we're tired of typing.
But you get the point.
Having surveyed the wreckage of the athlete-restaurateur landscape -- the finest jocks of multiple generations, destroyed by mediocre steaks -- Page 2 again presents some business pointers for Flavor Flav and other Gordon Ramsey wannabes:1. Location, location, location