Why are so many restaurants closing? It’s complicated.
Julio and Amy Zuniga opened Maximo's on Broad in 2015. Now, the restaurant is set to close Saturday, June 29. (Patrick Lantrip/The Daily Memphian)
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.
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.
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Dory Restaurant Bounty on Broad 117 Prime Mason Jambon David and Amanda Krog Subscriber OnlyThank you for supporting local journalism.
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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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