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

Innovation

4 Ways Market Leaders Use Innovation to Foster Business Growth

Forward-thinkers constantly strive to diversify and streamline their products and services, turning novelties into commodities desired by many.

Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business News

Your Old Apple AirPods Can Soon Act as an Over-the-Counter Hearing Aid, According to the FDA

The new software is compatible with the Apple AirPods Pro and accessible through iOS — for free and now FDA-authorized.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Leadership

From Elite Athletes to Tech Titans — Discover the Surprising $100-Million Habit That Leads to Extraordinary Success

Success comes from mastering focus, eliminating distractions and prioritizing what truly matters.

Side Hustle

'Hustling Since Middle School': She Started a Side Hustle on Facebook Marketplace — Then a 'Game-Changer' Grew It to $25,000 a Month

Leena Pettigrew's "entrepreneurial spirit" inspired her to build a business with earnings that outpaced her full-time income.