In the last few months quite a number of restaurants near here including several from which we have ordered regularly have closed. I was shocked to learn that an Indian restaurant three blocks from here from which we ordered at least once a month closed last week.
Restaurants tend to be fairly volatile, i.e. they open and close frequently, but these were well-established restaurants that had survived the lockdowns and to all appearances were doing as much business as they ever had. I honestly have no idea why so many are closing.
Perhaps the ratio of food costs to chargeable food prices got too high, until the point volume drops.
Rents/taxes and utilities?
I’m sure its family run; I can’t imagine labor costs.
Maybe they heard I was moving into the neighborhood…………