100,000 Restaurant Closures Expected in 2020
As challenging as the past six, COVID-saddled months have been for restaurants, operators don’t expect a near-term reprieve. A majority are still struggling and don’t believe their standing will improve over the next six months, according to a survey released Monday by the National Restaurant Association.
It found nearly one in six restaurants, representing close to 100,000 units, are closed either permanently or long-term. Close to 3 million employees are still out of work. And the Association’s previous target of $240 billion in sales lost by year’s end doesn’t appear to be an overshoot.
How to Close a Restaurant
Closing a restaurant is not an easy decision. Here are steps you should take to make the process as simple as possible.
When and How to Tell Your Staff That The Restaurant Is Closing
How to Handle Subscriptions and Vendor Contracts
How to Properly Shut Down the Building to Avoid Damage