• BIST is a solution for restaurants that use central food delivery apps.
• Restaurant customers who use the BIST token can get discounts through Bistroo.

The task of starting your own business is not easy. Many entrepreneurs who open their own shop or restaurant don’t start with high expectations of making it big as much as simply making a living. The reality is that by the time you’ve paid all the overheads of premises, bought the necessary inventory, employed some staff, paid corporation tax and all the other expenses, the profit margins are relatively small.

The average global profit margin in restaurants is between 2% to 6%. Taking the midpoint of that range, earning a relatively modest salary of around €27,500 or $32,000 (slightly above average for a Western European country) would require a restaurateur to turn over nearly €690,000 ($800,000) per year. These calculations don’t even take into consideration any reinvestment of profit back into the business itself.

So it’s hardly a surprise that so many restaurants are struggling, even before they were forced to shut up shop due to the pandemic res…

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