April 19, 2024 Breaking News, Latest News, and Videos

LA Restaurateurs Faced With Rising Food Costs and Lower Profit Margins Struggling to Keep Menu Prices Down

“Los Angeles State of Restaurants” report from TouchBistro finds sales volume recovering to 77.4 percent of pre-pandemic levels

​​​​TouchBistro has released its 2023 “Los Angeles State of Restaurants” report, revealing that restaurant sales in Los Angeles have recovered to only 77.4 percent of pre-pandemic levels on average. While this is about 3 percent higher than the national average, it’s not all good news for restaurateurs in the area.

Due to the rising cost of food and other expenses, the profit margins of full-service restaurants in Los Angeles dropped to 9.4 percent, which is 1.2 percent lower than the U.S. average of 10.6 percent. The average menu price increase in Los Angeles is in line with the national average at 15.6 percent.

The report also found that Los Angeles restaurants are spending 50 percent more on food costs compared to the previous year, which is higher than the U.S. average by 7 percent. Fresh fruits and vegetables have seen the biggest increase in costs, followed by meat and seafood across the nation.

Moreover, nearly all (95 percent) of Los Angeles restaurants are short-staffed by an average of six staff members due to a high turnover rate of 27 percent. Despite this high turnover rate being better than many other areas of the country such as New York City where it’s at 33 percent, line cooks and prep cooks are now among the most in-demand roles.

On a positive note, direct online ordering through a restaurant’s website has become increasingly popular among operators in Los Angeles, with almost half (48 percent) preferring this type of solution over third-party platforms like Uber Eats and GrubHub.

Other key trends identified include expanded seating capacity at venues, increased staff training costs, and loyalty programs becoming more popular among customers.

With Twitter taking the lead as a preferred social media platform for promoting restaurants among restaurateurs in Los Angeles followed by Facebook and Instagram respectively, there may be hope yet for businesses looking to recover from pandemic-related losses.

Related Posts

(Video) Award-Winning Pianist to Premiere “Rocket Man: A Live Orchestral Experience” in Santa Monica

April 18, 2024

April 18, 2024

Classic Songs Will Include “Crocodile Rock” and “Goodbye Yellow Brick Road” @smmirrornews “Rocket Man” is coming soon to Santa Monica...

Agreement Between SMMUSD and Malibu Moves District Separation Efforts Forward

April 17, 2024

April 17, 2024

The Agreement Awaits Approval by Both the Malibu City Council and the Smmusd Board of Education The City of Malibu...

Michael’s Santa Monica Celebrates 45 Years with Culinary Extravaganza With Famous Chefs

April 17, 2024

April 17, 2024

Iconic Restaurant Hosts “Great Party!!” Benefitting No Kid Hungry Campaign  Michael’s Santa Monica is set to commemorate its 45th anniversary...

Los Angeles Times Presents Star-Studded Lineup for 29th Festival of Books This Weekend

April 17, 2024

April 17, 2024

Over 550 Writers and Celebrities to Grace USC Campus for Weekend Extravaganza The Los Angeles Times has a stellar lineup...

Girls Learn Self Defense at Empowerment Summer Camp for Girls

April 17, 2024

April 17, 2024

This summer, girls are invited to explore practical self defense training at SHIELD Women’s Self Defense’s 2024 Empowerment Summer Camp...

Marina del Rey Apartment Shooter Faces 20 Felony Charges, Could Spend Life in Prison

April 17, 2024

April 17, 2024

The Self-Employed Chef Is Being Held in Lieu of Over $5M Bail By Zach Armstrong A man accused of firing over...

Brentwood Art Center: Kids Explore Fundamentals of Drawing, Painting and Mixed Media

April 17, 2024

April 17, 2024

The beloved Brentwood Art Center is hosting summer camps at its new location at Olympic and 17th in Santa Monica. ...

Camp Integem: Explore, Design and Innovate with Future Tech

April 17, 2024

April 17, 2024

This summer, kids are inviting to make magic as they journey into the fun-filled, hands-on world of artificial intelligence (AI),...

(Video) Westwood Premiere of Zendaya’s New Film Challengers, Directed By Luca Guadagnino

April 17, 2024

April 17, 2024

Luca Guadagnino, stars Zendaya, Josh O’Connor, Mike Faist, composers Trent Reznor, Atticus Ross, and producers Rachel O’Connor and Amy Pascal...

(Video) Mayor & Vice Mayor of Santa Monica Speak Out Against Needle Exchange Program

April 16, 2024

April 16, 2024

The Demonstration was Organized by the Santa Monica Coalition @smmirrornews A Santa Monica rally has held against the needle exchange...

Los Angeles County District Attorney Announces Charges In Brutal Venice Sexual Assaults

April 16, 2024

April 16, 2024

Charges Filed Against Suspect in Venice Canals Case by LADA George Gascon Los Angeles County District Attorney George Gascón has...

GoFundMe Raises Over $84K for Venice Canal Attack Victim

April 16, 2024

April 16, 2024

The Victim Received at Least Eight Fractures to Her Jaw, a Large Laceration to the Back of Her Head and...

420 is coming and our friends at Venice Kush are going to be going all out !

April 16, 2024

April 16, 2024

420 is coming and our friends at @Venice Kush are going to be going all out ! Check out this...

Kids Learn Local Waters in Aquarium Science Camp

April 16, 2024

April 16, 2024

This summer, kids have the opportunity to engage in science and learn about the fascinating water systems in Santa Monica...

Saint Monica Prep: Mariner Sports Camps Focus on Fundamentals

April 15, 2024

April 15, 2024

Teams at Saint Monica Preparatory took big wins this winter season.  The coaches leading an undefeated girls’ soccer team, winning...