Expert: “Strong restaurant marketplace” in Milwaukee hard on business owners
The owner of c.1880 in the city’s Walker’s Point neighborhood said he will be closing the fine dining restaurant on April 28th. The owner, Thomas Hauck, said Milwaukee’s restaurant scene is constantly growing and although it’s a great time to be a diner, it’s hard to be a restaurant owner. He also said financially, he can’t renew his lease.
“Restaurants always go through highs and lows and bubbles and it’s about being able to weather the storm,” he said. “I’m just not in the place I can do that right now.”
Also this week, Wolf Peach, a restaurant in Brewer’s Hill closed its doors.
The president of the Wisconsin Restaurant Association, Ed Lump, said he understands it’s a tough market. He said Milwaukee has a “strong restaurant marketplace” and is constantly growing creating more competition among business owners.
According to Visit Milwaukee, there are around 150 restaurants in the city’s downtown area.