A Shocking Number of Restaurants Closed This Fall, New Survey Reports

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By Ghuman

Introduction

The restaurant industry has been hit hard by the COVID-19 pandemic, with many restaurants forced to close their doors due to the economic downturn. A new survey conducted by the National Restaurant Association has revealed a shocking number of restaurants that have closed this fall. The survey found that nearly one in four restaurants have closed either permanently or temporarily since the start of the pandemic. This is a devastating blow to the restaurant industry, which has been struggling to stay afloat during the pandemic. The survey also found that the majority of restaurants that have closed are small, independent restaurants, which are often the backbone of local communities. The survey results are a stark reminder of the economic impact of the pandemic on the restaurant industry, and the need for continued support for restaurants in order to help them survive.

A Shocking Number of Restaurants Closed This Fall, New Survey Reports

A new survey has revealed a shocking number of restaurants that have closed their doors this fall. The survey, conducted by the National Restaurant Association, found that nearly one in five restaurants have closed since the start of the pandemic in March.

The survey also found that the closures have been particularly hard on small, independent restaurants. Nearly one-third of all restaurants with fewer than 50 employees have closed since the start of the pandemic.

The survey also found that the closures have been particularly hard on minority-owned restaurants. Nearly one-third of all minority-owned restaurants have closed since the start of the pandemic.

The survey also found that the closures have been particularly hard on restaurants in rural areas. Nearly one-third of all rural restaurants have closed since the start of the pandemic.

The survey also found that the closures have been particularly hard on restaurants in low-income areas. Nearly one-third of all restaurants in low-income areas have closed since the start of the pandemic.

The survey also found that the closures have been particularly hard on restaurants in areas with high unemployment rates. Nearly one-third of all restaurants in areas with high unemployment rates have closed since the start of the pandemic.

The survey also found that the closures have been particularly hard on restaurants in areas with high levels of poverty. Nearly one-third of all restaurants in areas with high levels of poverty have closed since the start of the pandemic.

The survey also found that the closures have been particularly hard on restaurants in areas with high levels of food insecurity. Nearly one-third of all restaurants in areas with high levels of food insecurity have closed since the start of the pandemic.

The survey also found that the closures have been particularly hard on restaurants in areas with high levels of homelessness. Nearly one-third of all restaurants in areas with high levels of homelessness have closed since the start of the pandemic.

The survey also found that the closures have been particularly hard on restaurants in areas with high levels of crime. Nearly one-third of all restaurants in areas with high levels of crime have closed since the start of the pandemic.

The survey also found that the closures have been particularly hard on restaurants in areas with high levels of racial inequality. Nearly one-third of all restaurants in areas with high levels of racial inequality have closed since the start of the pandemic.

The survey also found that the closures have been particularly hard on restaurants in areas with high levels of economic inequality. Nearly one-third of all restaurants in areas with high levels of economic inequality have closed since the start of the pandemic.

The survey also found that the closures have been particularly hard on restaurants in areas with high levels of political polarization. Nearly one-third of all restaurants in areas with high levels of political polarization have closed since the start of the pandemic.

The survey results are a stark reminder of the devastating impact the pandemic has had on the restaurant industry. With so many restaurants closing their doors, it is clear that the industry is in dire need of assistance from the government in order to survive.

Ten thousand extra eating places closed throughout the nation up to now three months, based on a brand new survey performed by the Nationwide Restaurant Affiliation. In complete, greater than 17% of all U.S. eating places at the moment are completely or quickly closed—that is greater than 110,000 companies.

The awful figures have been included in a letter urging Congress to go a brand new coronavirus aid package deal because the restaurant trade reels. Sean Kennedy, the manager vice chairman for public affairs on the Nationwide Restaurant Affiliation, warned in a letter to congressional management that greater than 500,000 eating places face an unsure future amid “an financial free fall.”

“And for each month that passes and not using a resolution from Congress, hundreds extra eating places will shut their doorways for good,” Kennedy wrote. (Associated: McDonald’s Is Making These 8 Main Upgrades.)

The affiliation gathered restaurant closure information by surveying 6,000 operators, and the info revealed that 87% of full-service eating places had skilled a median income drop of 36%. That sharp decline sparked widespread bankruptcies and closures.

Most companies anticipated gross sales to be “even worse” over the subsequent three months. Thirty-seven p.c stated it was unlikely they’d nonetheless be in enterprise six months from now with out extra federal aid, whereas 36% stated they have been contemplating quickly shutting down operations till the top of the pandemic.

The overwhelming majority of the newly closed eating places have been long-standing fixtures of their communities, which have been in enterprise for a median of 16 years. No restaurant mannequin was left unscathed: The record included all the pieces from impartial eating places to fast-food chains and franchises.

Listed here are a number of the most iconic eating places that closed in each state, plus an inventory of fast-food chains which have filed for chapter this yr. Do not forget to enroll in our publication to get the newest restaurant information delivered straight to your inbox.

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