Chinatown restaurants in La Jolla, California, and Colombia’s La Cienega are expected to close over the next few years, in part because of rising rents.
The restaurants have been in business for 40 years, but their lease agreement expires at the end of the year, and they were struggling to pay rent, said a spokesperson for the restaurant owners.
“We have not received any offers to renew the lease, and we have not been able to find another tenant,” said Maria González, the spokesperson for Chinatown Restaurant Group, a group that owns the restaurants.
“I know that a lot of people are saying, ‘It’s too late, we can’t wait any longer’, but we cannot.
We have to keep going.”
The group has had to sell some of its other restaurants in order to keep up with increasing costs.
“The restaurants have had to make a difficult decision,” Gonzáez said.
“It is very sad, but we have to make it, or they will not be able to keep the restaurants open.”
A report in the Los Angeles Times on April 10 said the number of small and medium-sized businesses had fallen from 6,000 in 2014 to 2,400 in 2017.
However, the report also cited a survey conducted in April by the California Department of Franchise and Consumer Affairs (CDFA), which said the industry was expected to expand to 5.5 million people by 2025.
“Our businesses have been hurt by rising costs,” said Carmen Hernandez, a spokesperson at Chinatown Restaurants.
“This has hurt the quality of life for the people who work here.
The majority of Chinatown restaurant operators have not had a significant increase in their salary over the past five years, the CDFA report said. “
For the first time in a long time, there are fewer opportunities to work here, and the quality has suffered.”
The majority of Chinatown restaurant operators have not had a significant increase in their salary over the past five years, the CDFA report said.
The group said it plans to seek more than $200 million in help from the federal government.