Normally on this section of the website, I highlight new restaurant concepts or new restaurant openings.
However, I read a recent article by Tom Van Riper at Forbes.com that highlights an ominous wave of restaurant closures yet to come in this country.
Mainly casual dining chains will feel the impact. Their operations are expensive. Casual dining chains require more dining and kitchen space than fast-food joints, not to mention more people to cook and serve food. At the same time they lack the premium prices that upscale restaurants use to generate larger margins per table. Caught in between, the Bertucci’s and Country Kitchens of the world rely on volume–tough to draw consistently during a recession.