...

Posts by Aaron Wise

Why Restaurant Mortgages and Rent Payments Are Still Expensive

Many restaurant owners wonder why their mortgages and rent payments have not declined in line with decreased demand for restaurant real estate. Presumably, with seated diners down 99% in April…

Continue Reading »

New Norms for Restaurants Will Become Permanent

Restaurant owners now understand that the dining changes caused by COVID-19 will persist through 2021. Dining will not return to normal; dining will develop a new normal. COVID-19 has disrupted…

Continue Reading »

Large Restaurants Insulated from Losses

It pays to go public. Unequivocally, 2020 will be the most difficult year that hundreds of thousands of independent restaurateurs have ever endured.  Yet for most publicly traded restaurants, it…

Continue Reading »

Uber Claims 75% of Its Restaurateurs Would Have Closed Without UberEats

According to a June survey of 400 U.S. and Canadian restaurateurs by pollsters at Technomic, “75% of operators said that they would have had to close their business if not…

Continue Reading »

Michelin-Starred Daniel Boulud Says Fine Dining Will Not Be Going Away

The outdoor terrace at New York City’s Eleven Madison Park is open. Since the onset of the coronavirus pandemic, Daniel Boulud’s three Michelin star restaurant has alternately been used for meal…

Continue Reading »

Restaurant Tenants Renegotiate Rent and Mortgages

A new report confirms what many already knew: mortgage delinquencies are hitting record highs. To be specific, 6.1% of total U.S. mortgage borrowers are delinquent on payments — their worst…

Continue Reading »

Restaurant Employees Await Congressional Unemployment Decision

Although many restaurant owners had trusted government indications that most of the country would be fully operational by now, 22 states have either reversed or paused reopenings altogether. As of…

Continue Reading »

Systemwide Twitter Hack Occurring Now

There is a large hack of various Twitter accounts occurring currently. Small business owners of all kinds, including restaurateurs, should be wary of any claims being tweeted today. Owners should…

Continue Reading »

Forced Restaurant Reclosures in Florida, California, New Mexico

Florida has been breaking all the wrong records this month, including an all-time high COVID-19 death count today. Congresswoman Donna Shalala said yesterday that “the virus is totally out of…

Continue Reading »

New FDA Safety Blueprint and Cyclospora Warnings for Fresh Express Salads

Over 546 people have been sickened by bagged salad products containing iceberg lettuce, red cabbage, and carrots due to Cyclospora contamination. According to the Illinois Department of Health, “the outbreak…

Continue Reading »