Restaurants Get a Taste of Economic Downturn

American restaurants are seeing a sharp decline in consumers and sales as the credit crisis continues.

For the first time in two decades, the $550 billion restaurant industry is suffering from sluggish sales. Restaurant owners are being hard hit as credit lines for investment and operating costs dry up in the current economic recession. Increases in food and labor costs have also taken a toll on restaurant finances.

The current financial crisis has challenged owners of franchises and private establishments alike. Both have had difficulty attracting customers, paying employees and furnishing kitchens with the necessary tools and equipment.

Restaurants Get a Taste of Economic Downturn

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