RESTAURANTS
Restaurant and fast-food operators are confronting an extremely challenging environment. Many are struggling to survive. According to Datassential, more than 10% of restaurants in operation at the outset of the COVID-19 pandemic have closed. COVID and non-COVID issues affecting the restaurant and hospitality industry today may force long-term changes.
Getzler Henrich can help address:
- Historically low customer traffic
- Increasing share of lower margin take-out/delivery business
- Burdensome leases and difficult landlord negotiations
- Increasing labor costs
- Costly/burdensome regulations and protocols
- Pressure to innovate and differentiate to stay competitive
- Increasing consumer demands for value
- Covenant breaches and lender negotiations
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