Why are so many restaurants closing?

Why are so many restaurants closing?
That is the million dollar questions. Most of the restaurants opened during the Baby Boom generation and frankly, being a Boomer I loved them. But with anything, time is not always favorable in the eyes of these restaurants. They got complacent with their regular baby boom customers coming back over and over again. But eventually, the Boomers are getting older and retiring or finding it better to cook at home or not go out to eat as frequently. We were used to microwave heated foods and never gave it a second thought. The Fast food companies and family style restaurants view is this. If it ain't broken why fix it! That philosophy has hurt the company. Laid back and keeping things the same.
Meanwhile, small companies are working their asses off to tap into markets that aren't keep up with the trends relating to different flavors that taint customers curiosity. 
Management is responsible for creating a business model that casters to the wants and desires of the customer. Whether that is offering a new product or revising an existing product, management must be in tune with the environment is which they are operating their stores in. 
So, customers visit the competition and like it, then sales volume goes down at the established restaurants and despite discounts, incentives, they lost their steady clientele.
Then revenues sink and cut backs are done with staff and supplies are streamlined for cheaper products and poorer quality resulting in cheaper prices and overall quality is poor.
Revenues are not enough to upgrade the stores and many places are out of style. Staff is not the best as good staff goes to the newer establishments so filling in staff is, offer the lowest pay to get anyone that can talk and walk.  Less effort to properly screen and train employees correctly.
Cleanliness is often the key sacrifice to a poor  store. It's simply disgusting.
Always check the bathroom, it gives you a first hand of what to expect in the dining room or kitchen.

Chef Woo Can
www.chefwoocan.com
YouTube: Chef Woo Can