Restaurants in New York City reopened on Monday, June 22, as part of Governor Andrew Cuomo’s Phase 2 Plan. Al fresco (outdoor) dining returned for 27,000 permitted restaurants throughout New…
For almost two months, applications to a $1,000-per-employee, grant-like program were limited to agricultural businesses. As of one week ago, the U.S. Small Business Administration (SBA) has reopened its application…
Congress is actively advancing the Restaurants Act of 2020 which could add $120 billion in funds to stabilize the restaurant industry. Even if it is signed into law, however, there…
The U.S restaurant industry has lost $120 billion of revenues from March to May this year due to the coronavirus, according to a definitive National Restaurant Association survey of 3,800…
Domino’s Pizza (NYSE: DPZ) went public in 2004, and it has delivered a superior return to its shareholders, better even than Google (NASDAQ: GOOGL). “It’s pretty amazing,” said Joe Weisenthal….
“Social distancing measures, primarily the dining room closures, have really hurt restaurant sales throughout late March through May,” said Bloomberg restaurant analyst Michael Halen today on national radio. “In May,…
Delinquencies on U.S. restaurant mortgages tripled from April to May. From 3.67% in April, U.S. retail establishments’ unpaid commercial mortgages increased to 10.14% in May. Restaurants have been one of…
Even though many restaurant owners have already applied for financial assistance, there are distinct sources of relief that many restaurant owners have overlooked. With over $52 billion of lost revenue,…
Restaurant owners could be in store for another de facto fiscal stimulus this month. Aides to Senate Majority Leader Mitch McConnell say that he hopes to move the Paycheck Protection…
As if restaurant owners needed anything more to worry about, meat and dairy prices have been increasing. The national standard for pork prices, the “cutout,” is up 75% since April…
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