[1/9/17] A popular New York City restaurant is closing its doors after 25 years because of what the owners call a stifling regulatory environment that treats the restaurant as a “cash machine.”
China Fun, a Chinese restaurant in Manhattan, announced its Jan. 3 closure because of increases in minimum wage and a city atmosphere that treats “mom-and-pop” eateries like cash cows to pay for all the ills of society, Albert Wu, told reporters. Wu is a representative of China Fun.
“The climate for small businesses like ours in New York have become such that it’s difficult to justify taking risks and running — never mind starting — a legitimate mom-and-pop business,” read a letter posted by the owners in the Chinese restaurant’s front door.
Wu, whose parents Dorothea and Felix have owned the eatery since its inception two decades ago, said the city’s endless amount of paperwork have taken their toll over the years and finally led to the restaurant’s closure.
“When we started out in 1991, the lunch special was $4 a plate,” Wu said. “Now it’s $10, $12. The cost of doing business is just too onerous.”