How Can The United States Survive The Current Economic Downfall?
If the mantra in real estate is location, location, location, this year in the restaurant business it is value, value, value. Faced with an economic downturn eating into consumers’ budgets, a minimum wage hike for tipped employees, increased costs for everything from eggs to beef and health insurance, restaurants are bracing for a challenging year. Some long-time restaurateurs predict the market will continue to shake out this year swallowing up those eateries already operating on the bubble. Those locally-owned, well-capitalized restaurants with strong name recognition, good service and value are better positioned to not only survive but seize new opportunities in a tough market. “The upcoming year will be real opportunity to focus on being competitive and providing great value and great service,” said Steve Taylor, owner of Austin’s, the Moot House and Enzio’s in Fort Collins “We’re all seeing a decline in traffic and spending. When you combine those two together it makes it a real c
