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Restaurant Industry in Crisis | Raleigh News
Restaurant owners are in crisis as operating costs have surged 36% since pre-pandemic days, forcing tough choices between cutting corners or hiking prices—both of which risk losing customers. With food and labor now costing nearly 70% of revenue and profits slashed to near zero, even top chefs like Tiffani Faison are closing doors, calling the current climate “cost-prohibitive.” Rising fuel, tariffs, and ingredient prices, combined with shrinking staff and sky-high rents, are crushing the industry. Faison urges city leaders to step in with support akin to affordable housing programs and…
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