The National Restaurant Association’s latest report outlines the devastating impact pandemic lockdowns have had on their industry. No restaurant, diner, or meat and three, in any corner of the country, has escaped the disastrous consequences.
The association revealed that 17% of restaurants nationwide have either shutdown long-term, or have permanently boarded their windows shut. Sure 17% doesn’t sound like a lot, but consider how this equates to roughly 110,000 eateries of all types folding their losing hands since the start of the pandemic. You might have even owned one of them. Condolences if you did.
The association’s report went on to say that “The vast majority of permanently closed restaurants were well-established businesses, and fixtures in their communities. On average these restaurants had been in business for 16 years, and 16% had been open for at least 30 years.” Wow.
It further stated how out of all full-service restaurants, 87% of them have reported, on average, a 36% decrease in total revenue. It’s going to continue to worsen as these figures are projected to slide further into the red zone for at least the next three months, and in greater likelihood, longer.
But this is just the tip of the rapidly melting iceberg. Since restaurants are prohibited from serving indoor diners during a lockdown, a need has existed to become creative, and creativity costs money. In their desperate attempts to accommodate the sparse amount of take-out customers they’ve been able to rustle up, certain modifications were needed to be made.
The only outcome from having to shell out money that wasn’t there was an overall increase in expenditures which are in actuality, greater than the pre-pandemic era.
“For nearly nine months, restaurants—our nation’s second-largest private sector employer—have been in an economic free fall as a result of mandated closures and capacity limits due to the coronavirus pandemic,” the report, also addressed to our lame-brained Congress read.
Anyone reading this article surely knows of at least one local restauranteur who has either lost it all or is hanging on by a loosely woven thread.
Chances are these owners are beacons of their local community. Many of them are. They’re established. Their place is one of those everybody knows everybody kind of places.
Sean Kennedy, the association’s v.p. for public affairs, in a letter, literally begged Congress for any type of economic relief for the restaurant industry, no matter how big or how small. Just something.
“What these findings make clear is that more than 500,000 restaurants of every business type— franchise, chain, and independent—are in an unprecedented economic decline, and for every month that passes without a solution from Congress, thousands more restaurants across the country will close their doors for good,” Kennedy wrote. It can’t get any clearer than that.
The Democrats screaming they need trillions of dollars to be spent in the next economic relief package has delayed the checks going out to the point of causing an additional 10,000 restaurants nationwide to hang up their frying pans. Food served in styrofoam boxes lacks too much appeal.
“In short, the restaurant industry simply cannot wait for relief any longer. Efforts in Washington to find the ‘perfect’ solution are laudable, but the lack of progress in the meantime has led too many operators to give up on the government and close down for good,” Kennedy’s letter said. “Since our last update to you, less than three months ago, an additional 10,000 restaurants have closed nationwide.”
The Senate has been standing at the ready to attempt saving any sweating it out owners who are somehow still miraculously holding on, but the Democratic roadblock has prevented them from coming to the rescue.
Who in our Democrat lead Congress gives a rat’s behind? Pelosi? Schumer? The laughable AOC? You tell us. We can’t come up with a name.