I have a restaurant, I'm not asking for a bailout. I just closed and put everyone on unemployment until the whole thing is over and then I'll reopen. but then again my rent is only $2000 a month. These restaurants in big city's where there rent is 20k and up they might need some type of help from their landlords or something
If you don't mind the question, can you mention what state (or city) you are in and how many people you are putting on unemployment?
how long can you shoulder this? we're at roughly a month out before "flattening" the curve. I think Donnie announced some rental subsidies today (though it may be for housing only).
If landlords had any sense they'd forbear rent, even if it hurts them. Because there aren't any new restaurants lining up to take those spots in the next few weeks, what they've got is there best bet for a rent paying customer going forward for the next several months. Of course I've seen landlords on our main street go through 2 stores a year with two three month vacant periods every turnover for a couple years just to extract 10% more rent. They seem unable to grasp that keeping their tenants in business actually nets them more money at the end of the day. So maybe having any sense is asking too much.
My friends restaurant has been hit hard the last few weeks. He went from $120k-150k per month in sales and he's estimating maybe $25k in sales for March. His payroll is around $40k.
%% I noted Pres Trump + my US Senator...….=do not bail out delta airlines . Fuel went way down+ they don't need it...………………………………………………………………………… Solve the $24 pasta problem =do NOT buy that ,LOL-LOL.