Get All Access for $5/mo

High-End Eateries Hungry for Customers

By Dennis Romero

Opinions expressed by Entrepreneur contributors are their own.

josiah-citrin.jpg

Some Los Angeles-area dining establishments usually bustling with moguls, agents and stars are starting to see a downturn in patronage as a result of the slumping economy, according to a report in today's Los Angeles Times.

At Melisse, one of three Michelin Guide two-star restaurants in Southern California, the flow of diners slowed down almost overnight. "Just in the last two weeks you get the feeling that everything has changed," chef-owner Josiah Citrin (pictured) told the paper
Some Los Angeles-area dining establishments usually bustling with moguls, agents and stars are starting to see a downturn in patronage as a result of the slumping economy, according to a report in today's Los Angeles Times.

At Melisse, one of three Michelin Guide two-star restaurants in Southern California, the flow of diners slowed down almost overnight. "Just in the last two weeks you get the feeling that everything has changed," chef-owner Josiah Citrin (pictured) told the paper.

At the same time, costs for staples such as milk, butter and flour have gone up, the later by as much as 60 percent, according to the report. What's more, a half empty restaurant can cost nearly as much to staff as a full one.

The economic effects are similar at other L.A.-area A-list eateries, including Tom Colicchio's Craft, where he tries to cut costs by turning off lights and air conditioning after hours. The chef advises restaurateurs, however, never to lower their standards.

"If you're a quality restaurant, you have to continue to meet those standards," he tells the Times. "If you don't, you're going to lose customers and they won't come back when times get better."

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Franchise

The Top 10 Coffee Franchises in 2024

From a classic cup of joe to a creamy latte, grab your favorite mug and get ready to brew up success with the best coffee franchises.

Marketing

How Small Businesses Can Leverage Dark Social to Drive Word-of-Mouth Marketing

Dark social accounts for 70% of social media shares and is crucial for small businesses. Here's how you can tap into this hidden marketing opportunity.

Business News

'Jaw-Dropping Performance in 2024,' Says a Senior Analyst as Nvidia Reports Earnings

Nvidia reported its highly-anticipated third-quarter earnings on Wednesday.

Business News

'Do You Sell Cars?': Tesla CEO Elon Musk Trolls Jaguar Rebrand on X

The team running Jaguar's X account was working hard on social media this week.