Fast Food Restaurants Closing in Nicaragua

Managua's restaurant trade association reports the closure of at least 700 fast food restaurants in recent months.

Friday, October 26, 2018

According to representatives of the Association of Restaurant Owners of Managua, due to the low levels of sales reported in recent months, at least 700 restaurants have closed their operations.

Regarding the massive closure of restaurants, René Hauser, president of the Managua restaurant trade union, said to Elnuevodiario.com.ni that "... That decision was made because of the socio-political crisis the country has been facing since April. Although shopping centers made discounts between 10% and 20% in the rental payment, the low influx of buyers was not cost-effective to continue operating."

On the other hand, the president of the Nicaraguan Chamber of Commerce and Services (CCSN), Rosendo Mayorga, said that "... This behavior reflects the impact of the fall in international tourist arrivals because the service area is not hiring and has drastically reduced the purchase of beverages and food in these establishments."

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Restaurant Closed in Nicaragua

February 2020

In a context of falling production, the restaurant La Marseillaise, which operated in the country's capital, announced that it will temporarily close its facilities.

The French food restaurant, which had a capacity to serve 150 people and had been operating in Managua for more than four decades, made its closure official in a brief statement.

Nicaragua: Restaurants Suffering the Crisis

December 2019

As of November 30th, the restaurant and bar association registered a drop of between 20% and 50% in its sales, and they do not foresee any major changes in the coming months.

The Nicaraguan Chamber of Restaurants and Similar (Canires) says the decline in sales is because of the lower influx of diners and the effect that the tax reform has had on their cost structures.

Nicaraguan Restaurant Supply Grows

October 2017

More than one thousand establishments are operating in Managua, a 15% increase over the last year.

The increase in consumption derived from the improved economic situation that the country is experiencing is the main reason behind the increase in the supply of restaurants and other food establishments in Managua.

More Fast Food Closures in Costa Rica

March 2015

Representatives from the international franchise Burger King in the country have announced the closure of four outlets, due to "bad business results".

The outlets which will cease operations are located in the Paseo Metropoli shopping center, Plaza Real Cariari, Santo Domingo and Heredia .

 close (x)

Receive more news about Restaurants

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Professional ink refill franchise for sale

Ink and toner refills with latest generation machinery exclusively for the franchisee in Central America, investment opportunity with fast return.
Ink and toner refills with latest generation machinery...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 22)
Brent Crude Oil
55.050
Coffee "C"
125.35
Gold
1,856
Silver
25.490