Breijo's annual report on restaurant closures reveals a staggering loss, with over 100 notable restaurants closing in 2024. This includes cherished spots like Alimento and All Day Baby.
Despite the difficulties, L.A. is experiencing a creative resurgence in its dining scene, revitalizing interest and activity with ambitious new restaurants opening across Southern California.
Heather Sperling from Botanica points out a troubling trend: for every dollar earned by the restaurant in 2023, they spent $1.005, highlighting unsustainable financial pressures.
The challenges for L.A. restaurants are significant, as reported by Cindy Carcamo, with labor costs, delivery app fees, and health insurance costs being among the top concerns for restaurateurs.
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