More Than 400 San Francisco Restaurants Closed
Crazy times! My novel, "The World's Greatest Chocolate-Covered Pork Chops" is about an ambitious 12-year-old gourmet chef who starts her own restaurant in San Francisco. In the real world, however, more San Francisco restaurants are closing than opening.
From NBC Bay Area: "More than 400 restaurants in San Francisco shut their doors in 2019, raising concern for many in the city known for its top-notch cuisine. NBC Bay Area's Sonja Shin reports."
In the U.S., 60% of restaurants fail within the first year, and 80% fail within the first 5 years. With those odds, it's a miracle that any restaurants succeed at all.
That said, this trend appears unique to San Francisco. Perhaps the city's high property costs, high taxes, rampant homelessness, and dirty streets have something to do with this...