Two more Jacksonville restaurants announced they are closing for good partially due to the rising cost of inflation.
On Facebook, Monroe’s Southside location posted, ‘We have survived the worst of the pandemic, rising overhead and operational cost, labor shortages but it was an unforeseen major building repair cost that played a role in us having to make the exceedingly difficult decision.’
The restaurant’s Westside location will stay open while the Southside spot will close at the end of August.
Simply Sara’s also announced it will close. The restaurant posted, ‘The climate over the last couple of years as we all know, has been brutal. That, along with other ‘behind the scene’ issues, has brought us to this place. As many of you know, I am currently recovering from major emergency surgery and would be out of work for several months anyway.’
It comes as the cost of inflation impacts several small businesses, including restaurants. Action News Jax reported when the owners of Scarlett O’Hara’s and Dos Gatos in St. Augustine blamed the cost of inflation for forcing them to close permanently.
Nicole Chapman, with the Florida Restaurant & Lodging Association, said for every dollar spent, restaurants historically earned a nickel. Now owners only get a penny.
Owners are also preparing for the minimum wage to increase by a dollar every year until 2026, bringing thw minimum wage to $15 an hour across Florida.
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‘The price of a worker in the hospitality sector — what they’ve demanded has gone up. So our restaurants and hotels are paying the best wages they’ve ever paid,’ Chapman explained to Action News Jax’s Robert Grant.
She said that’s why customers should expect menu prices to increase as owners across all industries struggle to stay afloat.