Data that Yelp has provided on San Francisco restaurant openings and closures indicates that from last January through the end of November, 277 restaurants and food trucks in San Francisco opened, while 350 closed.
Not good. The San Francisco Chronicle says the data suggests that restaurants are feeling the impact of San Francisco’s rising minimum wage.
In the broad spectrum of the city’s dining scene, data show that small restaurants — the ones that specialize in banh mi, takeout General Tso’s chicken, eggs over easy — made up the bulk of the business turnover in 2017.
Most restaurants in this genre do not have liquor licenses, which can drive profits but are expensive to purchase. Such restaurants keep prices down for their customers. Their business depends on people who live around the block, those who wouldn’t Uber across town for a meal.
The fact that closures outnumber openings is significant.