One Market restaurant in San Francisco, known for hosting prominent guests, will close permanently on June 11 after 32 years. Co-owner Michael Dellar, who is retiring, mentioned unsuccessful efforts to sell the restaurant, especially as business plummeted during the pandemic. One Market's foot traffic and sales drastically dropped, prompting adjustments to operation hours and a pivot in its business model. Although there was some recovery in 2022, the ongoing challenges related to hybrid work schedules have severely affected its financial stability.
We tried to find the right suitor. We actually had a number of opportunities to sell the restaurant, but the situation just didn't work out.
Sales remain significantly lower than they were pre-pandemic. Despite a resurgence in 2022, 2023-2024 are challenging as offices embrace a hybrid schedule.
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