I do wonder how many restaurants will survive. At some places we go to, the tables are squeezed in,and they are very busy on a Saturday night. I bet that they cannot be profitable if they could only have 50% of tables full on that Saturday night, due to imposed social distance restrictions.
You must not live Soviet San Francisco Bay Area...
-——I bet that they cannot be profitable if they could only have 50% of tables full -——
They will just need to raise the prices.
I bet that they cannot be profitable if they could only have 50% of tables full”
How about we leave it up to them? Maybe just maybe 50% plus carry out might be break even versus bankruptcy for many of them.
Watch for Communist Chinese vultures going around and buying up American restaurants.
Many restaurants are in serious jeopardy, but even a 50% occupancy for the good ones will allow them to survive even if they do not turn much of a profit.
At this point, that is all we can hope for. I have been pretty surprised at how much take-out I have been seeing in my city. Drive-thru’s are packed and there is a constant stream of cars in and out of the parking lots of many restaurants with to-go orders.
I do wonder how many restaurants will survive
a friend of mine owns a chain of High End Restaurants, he says at least 60% are TOAST and never coming back. on day 3 of the shutdown he flew down to his villa in Cabo to ride out the storm.