Up to this point, many restaurants have been able to survive due to PPP funds, concessions from landlords, interest-only payments from banks and generous terms from suppliers. However, for many time has run out. It is always hard to know when you’ve reached this point. Is it because you are out of funding or you . . .
During these tough times for restaurants, there is potential for an adversarial relationship between an operator and his landlords, bank, suppliers, employees and investors. This comes on top of the stress restaurant owners are under to make things work and stay in business. Can these adversarial relationships be transformed into productive, collaborative ones? Here are . . .
The jury is still out as to what we’ve collectively learned from both the pandemic and the urban disruption as a response to George Floyd’s death while in police custody, but there are some things we can deduce from a financial standpoint. The restaurant industry is resilient even when it’s given the kind of issues . . .