Monday, January 23, 2017

FOOD BIZ | High Costs Close Some NYC Restos

Some long-established restaurants are closing because of higher costs

A combination of rising rents and higher labor costs are squeezing the owners' profit margins. 

Higher expectations for food are forcing up the talent required in the kitchen and the hours it takes to serve them.

This is not something new, but it is affecting some newer and highly prized restaurants, like Nick & Toni's in Manhattan, and others in New York City.