How can restaurants survive the cold weather months?
Fat Brands CEO Andy Wiederhorn outlines how restaurants may be able to stay afloat once the temperatures drop.
As the COVID-19 pandemic devastates the American restaurant industry, a new survey shows 83% of New York City eateries, bars and nightclubs are unable to make their full July rent payment.
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Of those, 37% – nearly half — say they're unable to pay at all, according to the NYC Hospitality Alliance poll of 471 establishments.
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The survey's findings were slightly worse than a June report in which 80% of businesses said they were unable to pay their full rent, with 36% paying none.