New Restaurant…Crazy Idea? (Weekend America)

January 3, 2009

Weekend America

Going out to eat this weekend? Don’t be surprised if the restaurant manager seems just a bit more cheerful. Restaurants have gotten a bit of break lately. Cheaper gas has meant lower food prices, cheaper ingredients. But Moody’s Investment Service reported last week that restaurants still have a tough road ahead of them as businesses because it’s so hard to refinance debt right now. Still, some ambitious restaurateurs are moving ahead with their dreams.

In Albuquerque, New Mexico, the Cast Iron Cafe has just opened for business. Reporter Sarah Gustavus tells us what it’s like to open a business in the midst of an economic meltdown.


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