Is the Food and Beverage Industry on the Leading Edge of the US Recession?

Share Article

A recent survey conducted by The American Liquor License Exchange (AMLEX), a California based food and beverage industry consulting firm, reveals that troubles inundating the banking sector have arrived on the shores of the restaurant industry.

According to an article that appeared in the Sacramento Bee on June 21, 2008, "Retailers across California have eliminated more than 20,000 jobs in the past year. In greater Sacramento, 900 jobs have disappeared at hotels, restaurants and food-service companies since 2007."

"The California economy is sputtering," said Jon C Mejia, national sales manager for Amlex. "And based on calls we're getting from commercial real estate agents, this is just the tip of the iceberg."

When Amlex asked restaurant operators a series of questions about the economy, a majority of them responded that they are scaling back expansion plans.

"This is as bad as any recession I've ever seen," said one restaurant owner. "It seems more and more people are nesting and cooking at home to save money."

With gas and other commodity prices exploding, both consumers and operators alike are bracing themselves for what appear to be turbulent financial waters ahead.

For more information about issues related to the food and beverage industry, call Jon C. Mejia, author of Insider Secrets Revealed: A Liquor License Specialist Tells All.

For more information about the CA lottery process and a fresh perspective on any aspect of the controversial liquor license industry contact Jon Mejia. He can be reached at 800-711-2114 ext 350.

(An http://IPRWire.com Press Release)

Contact Info:
Name: John Mejia
Address: 450 N. Brand Boulevard, Suite 600
City: Glendale
State: CA
Country: United States
Zip: 91203

Web Address: http://www.amlex.com
Business Blog: http://iblogit.com/amlex
Phone: 800-711-2114 ext. 350

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

John Mejia
Amlex
800-711-2114+350
Email >
Visit website