04-30-2020, 02:33 PM
(04-30-2020, 02:23 PM)tomh009 Wrote: Lower occupancy in restaurants will in many/most cases dictate higher pricing as the restaurants will have fewer customers but the same fixed costs. And, yes, some of the restaurants won't make it.
Yes, this is going to be really bad.
For recovery, I very much hope that 1. Business credit is readily available, and 2. Business failures during covid either don't count, or count far less against someone applying for a business loan.
Basically, if you were operating in good standing before, and you failed during, you should probably just a green light on resuming after. I really have no idea why any commercial landlords would be evicting tenants that they didn't already want to get rid of, there is no way they can replace them right now.