"As many as 85% of independent restaurants may be forced out of business by the end of the year, according to a new report commissioned by the Independent Restaurant Coalition.
The report, which was conducted by consulting company Compass Lexecon, outlines the threats facing independent restaurants as the pandemic continues to affect business. Although the restaurant industry as a whole has suffered major losses, independent restaurants like mom-and-pop diners, neighborhood Thai joints, and fine dining staples, are much more at risk than fast-food chains like McDonald's and Starbucks. Independents, which comprise 70% of all restaurants, rely much more heavily on dine-in revenue and don't have the corporate resources that make some chains so resilient in the face of disaster."
The report, which was conducted by consulting company Compass Lexecon, outlines the threats facing independent restaurants as the pandemic continues to affect business. Although the restaurant industry as a whole has suffered major losses, independent restaurants like mom-and-pop diners, neighborhood Thai joints, and fine dining staples, are much more at risk than fast-food chains like McDonald's and Starbucks. Independents, which comprise 70% of all restaurants, rely much more heavily on dine-in revenue and don't have the corporate resources that make some chains so resilient in the face of disaster."