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83 percent of NYC restaurants, bars unable to pay full rent, survey reveals
NY Post ^ | 8/3/2020 | Carl Campanile

Posted on 08/03/2020 11:44:43 AM PDT by JonPreston

The coronavirus pandemic continues to impose a severe economic toll on New York City’s eateries and pubs — with 83 percent of establishments saying they’re unable to make their full July rent and 37 percent unable to pay at all, a survey released Monday reveals.

(Excerpt) Read more at nypost.com ...


TOPICS: News/Current Events
KEYWORDS: nyc; restaurants
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To: Sacajaweau
keep going this way and it will go on for years.

It really won't. It's a matter of time before the food supply chain collapses. I'm thinking months or even weeks.

21 posted on 08/03/2020 12:46:07 PM PDT by SanchoP (We're passed the biological softening up and beginning the open warfare strategy. WAKE UP!!)
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To: neverevergiveup
Many, if not most restaurants in Manhattan have had thin margins to begin with.

I understand it to be that a restaurant doesn't make money until it's at 60-65% capacity. So if that's nationwide, and I believe it is, the entire industry is gone.

22 posted on 08/03/2020 1:05:10 PM PDT by JonPreston (Covid19 is communist Chinese bioweapon)
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To: PGR88
I’m surprised even 17% still have the ability to pay

Probably those restaurants that were able to transition successfully to an entirely carry-out/delivery model. I believe this pandemic has destroyed those restaurants where the food was not the main draw for customers.

23 posted on 08/03/2020 1:27:51 PM PDT by Fraxinus (My opinion, worth what you paid.)
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To: JonPreston

The various shutdowns were unappealable death sentences for some fraction of restaurants.


24 posted on 08/03/2020 1:29:16 PM PDT by jimfree (My19 y/o granddaughter continues to have more quality exec experience than an 8 year Obama.)
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To: JonPreston

15.7% unemployment rate in NYS.

And I don’t think it’s going down any time soon thanks to Il Duce and our rubber stamp legislature.


25 posted on 08/03/2020 1:30:40 PM PDT by mewzilla (Break out the mustard seeds.)
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To: SanchoP

No flame here, but how do you see the food supply chain collapsing?


26 posted on 08/03/2020 1:34:26 PM PDT by JonPreston (Covid19 is communist Chinese bioweapon)
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To: JonPreston

I saw an article that listed just some of the volume of restaurant supply equipment, and full restaurants, that are for sale just on the FB marketplace. I feel bad for all those small businesses and hope they can get through it for the better in the end, one way or another.

As for Robert DeNiro and his sushi chain and hotel, well, I guess he’s a friendly fire casualty of the left.


27 posted on 08/03/2020 1:39:09 PM PDT by monkeyshine (live and let live is dead)
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To: JonPreston

Enjoy the suck wilhelm.


28 posted on 08/03/2020 2:05:23 PM PDT by Sirius Lee (They are openly stating that they intend to murder us. Prep if you want to live.)
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To: JonPreston
I guarantee that Covid restrictions are going to go away, and Covid is going to become like a cold. That said, the restaurant industry is going to need to adapt to survive, and there are definitely ways they can alter their models and do that.

On the other hand, at least dating will become cheaper.

29 posted on 08/03/2020 2:21:39 PM PDT by neverevergiveup
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To: JonPreston

Restaurants that can’t pay rent this month won’t be able to restock or make payroll next month. As they go out of business it will reverberate all up the food supply chain. Wholesalers and distributors will be in trouble but can the markets,even supermarkets keep up? With the increase in unemployment I have my doubts but we will know in months not years.


30 posted on 08/03/2020 3:07:25 PM PDT by SanchoP (We're passed the biological softening up and beginning the open warfare strategy. WAKE UP!!)
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To: JonPreston

It appears like the state is just another gangster with their taxes.

The state caused the shutdown, but you still have to pay them a percentage even if your income is curtailed.


31 posted on 08/03/2020 3:13:22 PM PDT by kickstart ("A gun is a tool. It is only as good or as bad as the man who uses it" . Alan Ladd in 'Shane')
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To: JonPreston
Meanwhile, More Children Die from Car Crashes and Drowning Each Year than Coronavirus — But Teachers Want to Keep Schools Closed
32 posted on 08/04/2020 4:56:49 AM PDT by daniel1212 (Trust the risen Lord Jesus to save you as a damned and destitute sinner + be baptized + follow Him)
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To: JonPreston

Some of these owners are not poor pitiful paupers at all and could easily pay the rent out of their own personal accounts. But they won’t. They want tax payer $$$. Free money.


33 posted on 08/04/2020 4:59:00 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: daniel1212

Outdoor Dining Will Return Next Year, Mayor Says

New, 27 comments

Outdoor dining will tentatively start on June 1 next year

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An outdoor dining area is seen as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on July 27, 2020 in New York City.  A blocked-off street for outdoor dining in NYC Photo by Jamie McCarthy/Getty Images

NYC’s widespread outdoor dining program will return next year, Mayor Bill de Blasio announced in a press conference on Monday. The popular program will tentatively start on June 1 next year, although de Blasio said that the start date could potentially be pushed to earlier in the spring of 2021.

Since the city first allowed outdoor dining on sidewalks and in parking spaces earlier this year, 9,700 restaurants in the city have applied and been approved for outdoor dining permits, according to NYC’s Department of Transportation. The mayor said during the press conference that the program has supported approximately 80,000 jobs within the industry.

The mayor called the program a “tremendous success,” and said that the announcement today was made in advance so that restaurateurs and bar owners could depend on “additional revenue going forward” from the outdoor dining program.

Thousands of NYC’s restaurants and bars have been taking advantage of program, although many say that sales from outdoor dining alone are not enough to cover long-term operating costs. Last week, an NYC council member spearheaded a small business recovery plan that included calling on local government to institute a permanent outdoor dining program in the city.

The State Liquor Authority has also been active in the city to enforce social-distancing requirements with outdoor dining. Over 100 restaurants and bars have received citations from the State Liquor Authority due to social-distancing violations, and dozens of other establishments have had their liquor licenses temporarily suspended due to “egregious” violations of the social-distancing regulations.

This year’s outdoor dining program is currently scheduled to end on October 31, although that deadline may be extended depending on the weather. “We’re going to look at whether we can go further this year,” de Blasio said. “It’s still an open question.”

The mayor did not provide an update on the status of indoor dining in the city, which was postponed indefinitely earlier this year as other areas of the country saw a rise in COVID-19 cases, in part due to indoor dining activities.


34 posted on 08/04/2020 5:03:27 AM PDT by JonPreston (Covid19 is communist Chinese bioweapon)
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To: The Westerner

Il Duce and Kaiser Wilhelm are easily seen with the naked eye.


35 posted on 08/04/2020 5:20:53 AM PDT by mewzilla (Break out the mustard seeds.)
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To: JonPreston

Meanwhile, the actual city can’t afford to be

The question rises, does the city deserve to be?


36 posted on 08/04/2020 5:26:34 AM PDT by bert ( (KE. NP. N.C. +12) Progressives are existential American enemies)
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