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Restaurants Fail with Lack of Support from Nearby Big Tech

UPDATE: The Cadillac Bar and Grill is still going strong in the Twitter building Mid-Market San Francisco.   Cadillac Bar and Grill was a success of Breakaway Funding’s crowdfunding raise.  They raised a total of $2.4 million funded in part by TransPacific Bank.

They are still thriving considering the downturn for restaurants within the area.  According to Matt Semmelhack, owner of Bon Marche Brasserie in Market Square he states “This immediate neighborhood definitely feels saturated, and market saturation leads to closure or culling. And it’s happening.” – San Francisco Chronicle

Two popular upscale restaurants have just closed Cadence, and Oro.  The other new restaurants are struggling to survive.  This area is surrounded by Tech elite Twitter, Uber and Square and they all provide meals for their staff.  How do you compete with this? Simple you don’t.  The area will continue to grow and attract locals to the new restaurants besides the tech boom.

Michael Rodriguez of Cadillac Bar and Grill believes it’s a waiting game for the area to continue to build in popularity.  Rodriguez stated “If we can hang on a couple of years we can reap the benefit” -SFC

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This post first appeared on The Breakaway Funding, please read the originial post: here

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Restaurants Fail with Lack of Support from Nearby Big Tech


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