Lots of reasons for the decline, for starters: Inflation
Everything costs more, every single aspect of doing business costs more.
Food costs have risen drastically, so some owners buy cheaper product, thus hurting the food quality.
Labor costs have doubled, so to counter that some owners buy cheaper product - so its a double whammy.
There is also a shortage of real talent to cook the food. A lot of skilled or experienced kitchen types left the industry POST covid. I am not saying that there isn't talented or hard working cooks out there, there is. Just not enough to satisfy the demands within the industry. With a shortage of quality cooks in busy times at restaurants standards slip and short cuts are taken. Especially if there isn't a legit leader managing his/her crew. Thus also leading to a mediocre or crappy experience.
Too many wanna be IG chefs out there who think they can cook because they can make a nice looking dish in the comforts of their own home. When you got these types applying for or manning management positions in kitchens, who don't have the legit experience lots of things break down, including food quality/overall experience.
The places that are doing well do so on much tighter budgets and lower gross profit percentages these days. You gota keep those pencils sharp and be hands on. Also being a savage on social media plays a big role in making you relevant. A lot of the food trends these days , like tacos are cheap. Tortillas are cheap, chicken thighs are cheap, quest fresco is cheap. So thats why so many of those places are popping up. Another trend is brunch type of places, boozy brunches. Eggs are still cheap, pancakes, waffles, cheap. Not as so years ago, but you can still make a solid GP% on those types of items as opposed to a steakhouse where your product is already very expensive to buy wholesale.
Lots and lots of factors, just some food for thought (pun intended
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