Business advisers French Duncan said the number of restaurants in Scotland that have failed has almost quadrupled over the past decade. Eileen Blackburn, head of restructuring and debt advisory at French Duncan, said: "The closure of the Boathouse is indicative of wider financial difficulties facing the casual dining sector which is currently encountering unprecedented issues which are resulting in failure for a growing number of operators.
A number of high-profile restaurant chains have also suffered due to these difficulties within the industry. This year, there have been many partial or substantial closures, including Gaucho, the burger group Byron, Jamie's Italian restaurants, the Strada Italian restaurant chain, Carluccio's, and Prezzo.
Analysis by French Duncan shows that annual restaurant failures have risen from 19 in , to 73 in The figure for the first six months of this year is already 76, three more than the whole of last year.
Eileen Blackburn stated: "These figures highlight the difficulties that the restaurant sector in general, and specifically in Scotland, is experiencing. The High Street is in trouble and the dining sector is encountering unprecedented issues which are resulting in failure for a growing number of operators.
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Some Scottish operators may also be operating on a model that is now outmoded. She added: "To compensate many restaurants have become slaves to the discount voucher market which can be a useful tool in the short term but can lead to a permanent lowering in revenue as savvy consumers shop around for the next deal rather than build long-term consumer loyalty.
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Vouchers can lead to a vicious circle of voucher dependence, lower income, and reduced profitability and, ultimately, closure. Closure of Kilsyth restaurant 'illustrates problems within sector' 16 October The Glasgow businessman was recently brought in as consultant to the revamp of the legendary Kinema venue in Dunfermline, which once played host to the Rolling Stones, Elton John and The Supremes, but famously gave The Beatles a knockback.
Ryan is also the vision behind a number of Glasgow city venues, including the Spiritualist and Citation. People were upset about its closure, and excited to know it was opening up again.
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The interior has been complemented by an open fire and light, airy design, adding to its welcoming character, while the views of the canal which were a previous mainstay, will remain a popular draw for customers. R Barrie said he had also brought in acclaimed chef Mark Stocks, the creator of menus at venues such as Spiritualist and Citation.
The Boathouse Pub, Kilsyth
On our menu, we are offering Scottish culinary classics, prepared by the hugely talented chef, Mark Stocks. The team has worked immensely hard to get The Boathouse reopened so quickly and new jobs filled. The Boathouse was always a popular venue, and I hope this revamp will excite a whole new generation of customers.