Why are so many restaurants closing? It’s complicated.

By , Daily Memphian Updated: June 24, 2024 12:29 PM CT | Published: June 24, 2024 4:00 AM CT

It’s tough to be a restaurant owner in Memphis right now.

Locally owned favorites like Frank Grisanti’s, Dory, Maximo’s on Broad, SupperClub on Second, 117 Prime and Bounty on Broad have all announced closures in the past few months. 

Even national chains — such as the Cheesecake Factory and Red Lobster — are closing Memphis-area restaurants.

Cheesecake Factory at Wolfchase Galleria closing

What’s going on is a question frequently asked by restaurant patrons as they ponder which restaurant might be next.

“It’s on everyone’s mind,” said Memphis Restaurant Association president Mike Miller, also the owner of East Memphis restaurant Patrick’s Neighborhood Bar & Patio.

Turns out, there is not one single answer. It’s a complicated confluence of several factors.

“As prices rise, society has to decide what is of value and how to allocate their dollars,” he said. 

We sat down with several Memphis restaurateurs to talk about the factors impacting their decisions to close.


Dory Restaurant Bounty on Broad 117 Prime Mason Jambon David and Amanda Krog Subscriber Only

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Jennifer Chandler

Jennifer Chandler

Jennifer Chandler has been a restaurateur, a cookbook author, a food stylist, a writer and a TV and radio personality.


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