1851

<a href="https://1851franchise.com/senator-dick-durbin-previews-3rd-covid-19-relief-bill-but-offers-few-details-2712568">As congressional leaders negotiate new measures to support businesses</a> across virtually every industry during the Coronavirus crisis, <a href="https://www.eater.com/2020/3/19/21185918/how-can-goverment-assistance-help-restaurants-actually-need-in-the-form-of-relief?utm_source=1851franchise.com&utm_medium=article&utm_campaign=eater-what-restaurants-need-right-now-to-actually-survive-2712576" target="_blank" rel="nofollow">EATER’s Caleb Pershan spoke to restaurant owners</a> in cities across the country to learn what it would take to save their businesses in the wake of extended state-ordered closures that have <a href="https://1851franchise.com/national-restaurant-association-projects-industry-loss-of-5-7-million-jobs-and-225-billion-in-sales-2712562">all but shuttered much of the industry</a>.&nbsp;Most insurers do not qualify the global pandemic as a “business interruption” event, and so business owners must look elsewhere for relief.&nbsp;<blockquote>“If a volcano miraculously appeared on the National Mall and the lava flowed up to Columbia Heights, the restaurant would be covered,” said Sarah Thompson, co-owner of Washington, D.C., restaurant the Queen’s English. “This pandemic is not covered.”</blockquote>Restaurateurs are hoping for federal aid to cover fixed costs, including rent abatement or deferment, interest-free loans and tax deferrals, as well as financial support for employees, including paid sick leave and emergency universal income.&nbsp;Until such a robust federal package is introduced, if one ever is introduced, restaurant owners are counting on relief at the local level.<blockquote>In response to a looming rent crisis, Los Angeles has declared a temporary moratorium on evictions which will cover businesses. The city of San Francisco has done the same. “One real estate executive said to me, ‘Andy, this kind of moratorium on evictions will have the unintended consequences of people not paying rent at all,” Peskoe says. “I asked him if he was sure it was really an ‘unintended’ consequence.”</blockquote>Even if the industry’s full wishlist for local and federal support is fulfilled, the outlook for independent restaurants will remain dire. In the next three months, the industry is expected to decline by $225 billion. “Many, perhaps even most, restaurants in the country will never reopen,” Pershan concludes.<a href="https://www.eater.com/2020/3/19/21185918/how-can-goverment-assistance-help-restaurants-actually-need-in-the-form-of-relief?utm_source=1851franchise.com&utm_medium=article&utm_campaign=eater-what-restaurants-need-right-now-to-actually-survive-2712576" target="_blank" rel="nofollow">Read the full story at EATER.com</a>.

EATER: What Restaurants Need Right Now to Actually Survive

1851 Franchise

EATER interviewed restaurateurs to learn what it will take to save businesses throughout and after the COVID-19 outbreak.

eater-what-restaurants-need-right-now-to-actually-survive

Children's Lighthouse

How Children’s Lighthouse Stands Out Among Other Children’s Education, Childcare, and Daycare Franchises

how-childrens-lighthouse-stands-out-among-other-childrens-education-childcare-and-daycare-franchises

The Growth Coach

The Growth Coach Franchise Costs, Fees, Profit and Data for 2025

the-growth-coach-franchise-costs-fees-profit-and-data-for-2025

One Hour Heating and Air Conditioning

Why One Hour Heating & Air Conditioning Sees People as the Power Behind Franchise Growth

one-hour-heating-air-conditioning-franchise-growth

Lawn Doctor

Design with photo of John Perry and Lawn Doctor logo

How a 20-Year Industry Veteran Tripled His Sales With a Lawn Doctor Franchise

lawn-doctor-franchise-success-story-john-perry

Fitness Premier

The Secret to Fitness Franchise Success? It's Not Just the Workouts

fitness-premier-franchise-marketing-support

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Design with American and Federal Reserve flags against light blue background

Federal Reserve Expected To Cut Rates by Quarter Point, a Move That Could Boost Franchise Growth

fed-rate-cut-boosts-franchise-growth

Potbelly to be Acquired by RaceTrac in $566 Million Deal 

racetrac-acquires-potbelly-in-566-million-deal

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

Caribou Coffee Names Scott Kennedy CEO, Eyes Continued Growth

caribou-coffee-names-scott-kennedy-ceo-eyes-continued-growth

McDonald’s Launches New Extra Value Meals as Consumer Demand for Value Continues to Climb

mcdonalds-launches-extra-value-meals

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Power Eats: Smoothie King Rolls Out Food Nationwide To Fuel Franchise Growth

smoothie-king-food-menu-power-eats

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

Franchisee spotlight graphic with photo of Ricki Oberoi and Layne's Chicken Fingers logo

EATER: What Restaurants Need Right Now to Actually Survive

MORE STORIES LIKE THIS