Get Stuffed on Duckworth will close at the end of February and EVOO in the Murray Premises is already closed and for sale. Inflationary stress on restauranteurs and patrons alike is a key factor, says one industry representative.
Feeling the heat: Downtown St. John's restaurants close amid increasing financial pressures for themselves and their customers
Meanwhile, another downtown restaurant's future appears to be dependent on it finding a new owner. Last month, Mediterranean-inspired restaurant EVOO closed and was put up for sale. Specializing in wood-fired pizzas and fresh pasta, it's been in business for 11 years in the historic Murray Premises property.
While the restaurant's owners could not be reached Monday, Feb. 6, for an interview, Get Stuffed cited a number of factors that contributed to the closure in its post, which received more than 1,000 likes on Facebook. A number of businesses on Duckworth Street — home of Get Stuffed and Seto — publicly voiced concerns about the seasonal pedestrian mall on Water Street, claiming its existence kept people from venturing to Duckworth Street. A portion of Duckworth Street was added to the pedestrian mall in 2021, but it was not included in 2022.
Profit margins tend to be tight in the industry, so inflation has made doing business all the more challenging, Alexander said. "You can increase costs a little bit, but because the restaurant industry is based on disposable income, when folks are seeing inflationary pressures themselves, the discretionary income is the first thing that gets cut. If a restaurant was to increase the price of a meal by 40 per cent, like we're seeing with cooking oil, customers would balk at that."
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