McDonald’s SHUTTERS After 30 Years!

(TheIndependentStar.com) – After nearly 30 years on the market, several reports confirmed that longtime San Francisco McDonald’s is going to close its franchise as being the latest victim of California’s new $20 minimum wage.

McDonald’s at Stonestown Galleria, about eight miles southwest of downtown San Francisco, closed after serving the area for over 30 years.

Franchise owner Scott Rodrick sadly expressed, “This is a gut-wrenching day for my family.”

Rodrick blamed the closure on several factors but said the new law raising the statewide minimum wage from $16 to $20 an hour pushed the business over the edge.

Combined with the landlord’s refusal to negotiate on long-term rent, high property taxes, and a mall tenant fee, the new wage hike was too much for Stonestown McDonald’s, making it the most expensive location for his company to operate in.

“It has been a pleasure for my entire team and I to serve the 19th Avenue and Ingleside neighborhoods for more than 30 years,” Rodrick said in a note posted on their door upon closing.

“All of our valued team members have been offered opportunities to continue working with my restaurant company or at other nearby McDonald’s,” he added.

Since the new minimum wage was introduced on April 1, numerous businesses have shut down across California.

One recent closure included Arby’s Roast Beef, a fixture on Sunset Boulevard in Hollywood for 55 years, which closed its doors earlier in June.

“With inflation, food costs have gone way up and the $20-an-hour minimum wage has been the nail in the coffin,” general manager Gary Husch said.

Moreover, Taco chain Rubio’s Coastal Grill had to close dozens of locations across the state in June, only to file for Chapter 11 bankruptcy days later.

The fast-food chain Fosters Freeze also shut down a location near Fresno, directly blaming the new minimum wage for its closure.

Subsequently, chains like McDonald’s, Wendy’s, Burger King, Starbucks, and Chipotle have raised their prices by up to 8% in California.

According to analytics firm Placer.ai, as a result, customer visits to such chains have decreased.

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