Not sure if it is only the economy.
It seems that in catering, you are either hot or not. And if you're not, then the mass of people who follow the fads will not visit anymore.

But it's always sad to see a steak house go.
They are manly restaurants. Like the straight razor of the food business where you can get a decent char broiled steak that is still red inside, with pepper suace and baked potatoes.