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Four more Parker eateries close doors
Four more Parker restaurants have fallen victim to tighter budgets and a limited daytime economy.
By Chris Michlewicz
Four more Parker restaurants have fallen victim to tighter budgets and a limited daytime economy.
Cheeburger Cheeburger, Boston Market, Quiznos Subs and Boston's Gourmet Pizza have all closed in recent weeks, adding to the rising toll.
"Restaurant closures are symptomatic of the economic cycle we are going into," said Ben Snow, executive director of the Parker Economic Development Council. "Consumers are being more conservative with their disposable income, and restaurants are usually among the first to feel the effects."
Many have blamed an overabundance of restaurants in Parker - there are roughly 120 active food licenses in town - for stretching the dining dollar, but others point to the lack of employment centers, which generate a large part of lunch traffic in more prosperous locales, such as the Denver Technological Center.
The development council has attempted to entice corporations to base their headquarters in Parker, a bedroom community with premier access to Interstate 25 and C-470, but there are no immediate plans to bring in a big company. Many restaurants have been forced to limit their hours of operation to serve only the evening dinner crowds.
Although it is not all doom-and-gloom news, it is another indication of the far-reaching effects of a declining national economy, Snow said.
The shaky housing market and high fuel prices are deterring customers and rising food costs are pushing restaurant kitchens to the brink of closure. Even Village Inn, a national Denver-based chain, is not immune; the north Parker restaurant was shut down earlier this month because of dwindling sales.
Much of the blame, however, is being pinned on the slumping economy.
"When consumer confidence is up, many restaurants can survive," Snow said. "When people pull back on their disposable income, it weeds out the restaurants where costs are too high or the quality of the product is not up to par."
The economic development council is working to fill the vacant spaces as quickly as possible, but not necessarily with new eateries.
"They could be candidates for new uses. The buildings are big enough for other types of businesses to come in," he said.
Cheeburger Cheeburger, which was northwest of Twenty Mile Road and Dransfeldt Road, was open for approximately two years.
Boston Market, southwest of South Parker Road and East Mainstreet, and the Quiznos southeast of the same roads were open for several years, but opening dates were not immediately available. Boston's Gourmet Pizza near Parker Adventist Hospital in the Crown Point development was open for nearly four years.
Cheeburger Cheeburger, Boston Market, Quiznos Subs and Boston's Gourmet Pizza have all closed in recent weeks, adding to the rising toll.
"Restaurant closures are symptomatic of the economic cycle we are going into," said Ben Snow, executive director of the Parker Economic Development Council. "Consumers are being more conservative with their disposable income, and restaurants are usually among the first to feel the effects."
Many have blamed an overabundance of restaurants in Parker - there are roughly 120 active food licenses in town - for stretching the dining dollar, but others point to the lack of employment centers, which generate a large part of lunch traffic in more prosperous locales, such as the Denver Technological Center.
The development council has attempted to entice corporations to base their headquarters in Parker, a bedroom community with premier access to Interstate 25 and C-470, but there are no immediate plans to bring in a big company. Many restaurants have been forced to limit their hours of operation to serve only the evening dinner crowds.
Although it is not all doom-and-gloom news, it is another indication of the far-reaching effects of a declining national economy, Snow said.
The shaky housing market and high fuel prices are deterring customers and rising food costs are pushing restaurant kitchens to the brink of closure. Even Village Inn, a national Denver-based chain, is not immune; the north Parker restaurant was shut down earlier this month because of dwindling sales.
Much of the blame, however, is being pinned on the slumping economy.
"When consumer confidence is up, many restaurants can survive," Snow said. "When people pull back on their disposable income, it weeds out the restaurants where costs are too high or the quality of the product is not up to par."
The economic development council is working to fill the vacant spaces as quickly as possible, but not necessarily with new eateries.
"They could be candidates for new uses. The buildings are big enough for other types of businesses to come in," he said.
Cheeburger Cheeburger, which was northwest of Twenty Mile Road and Dransfeldt Road, was open for approximately two years.
Boston Market, southwest of South Parker Road and East Mainstreet, and the Quiznos southeast of the same roads were open for several years, but opening dates were not immediately available. Boston's Gourmet Pizza near Parker Adventist Hospital in the Crown Point development was open for nearly four years.
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