Edinburgh Restaurants Face Bleak Future
Posted by adamcouper on January 8, 2009
By Adam Couper
Over 300 restaurants across Edinburgh face the threat of closure due to a lack of business according to an investigation by The Scotsman.
Among the restaurants which are expected to be closed are Oloroso, Circus Bar and Grill, and Maison Bleue because of the fall in profits all over the city.
Restaurant owners say that people who do go out for a meal are not spending as much. The Circus Bar and Grill profits are down by 12%.
David McKenzie, the manager, said: “We’ve been hit pretty hard here. People are just not spending as much money as they used to, they’re drinking a lot more tap water and our sales on expensive wines are down.”
The credit crunch has hit restaurants hard as people see going out for a meal as an expense they can’t afford.
This is an opinion which is shared by 20 year old student, Ross Cormack: “I used to eat out fairly regularly but it’s more of a struggle now. Don’t get me wrong I love going out for a meal but money has been tight recently so I’ve had to be more stringent with my pennies.”
This entry was posted on January 8, 2009 at 12:00 and is filed under Economy and Business. Tagged: Circus Bar and Grill, Edinburgh, Maison Bleue, Oloroso, the credit crunch. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
