Manchego, Dakota Soda, and now Dakota Thyme. Another business on Main Street Square in Rapid City closes.
Dakota Thyme will close its doors on Christmas Eve. The deli and bakery was open for almost two years. Owner Julie Smoragiewicz said while the store will be closed, they'll still be around with the catering and wholesale business.
She said she liked being at main street square but there wasn't a big enough market for what she was selling in Rapid City.
"We have a niche that's a little bit too narrow for the size of the market in Rapid City and the size of the facility that we have and there just isn't the demand for the kinds of products that we're offering that has enough of a margin to keep us viable," said Smoragiewicz.
according to a Bloomberg report, the failure rate of new restaurants in the first year is 25 percent. And within the first three years it's 60 percent.