They may end up changing alcohol laws for years to come. The adaptation of these amazing bar owners has been to create more outdoor space for gathering and apply pressure locally to deliver drinks or allow for carry out of alcohol. We are social animals and surveys show that in economic downturns and times of uncertainty, alcohol consumption goes up. Don’t despair as your local bar is down but not out. Even without enough data to show that bars are spreading the virus any faster than any other type of business, pubs and bars have been more aggressively shut down or are in the last wave (or phase) to re-open. Those in charge of states are intent on punishing this industry have focused intently on businesses serving alcohol. The silver lining to this cloud is that many of our waistlines may appreciate the guard rails around the amount of food we may have consumed in the past at the buffet table.īars have been hard hit. You may want to automatically count these among the casualties of the current situation but smart operators are quickly modifying the self-serve concept into one that has a properly masked and trained employee serving food, versus the every man for himself at the buffet. For now, these are a hold and wait scenario.īuffet style restaurants. There will be fewer of these concepts in the future but those remaining will be able to name their price because after all, rarity is key component when setting demand.
However, there will be a return to dining in and the ultra-special culinary experience combined with a social occasion. Stunning food, immaculate presentation, excellent service and high price points. The restaurants in this category are those we might consider for a special occasion or anniversary type dinner. These are the units that could not or would not pivot to a model of take out and deliver and to be fair, do not really serve food that travels well in a delivery or take out scenario. The COVID19 crisis had created an opportunity for those in the industry and we are seeing entrepreneurship, innovation and creativity flourish, for some businesses, as never before.īuying a restaurant during times of uncertainty is not for everyone but for those out of work and looking to the future, here are the concepts that are working as well as those who are taking the opportunity to reinvent themselves.įull Service Independent Restaurants as a category are the hardest hit.
On the other hand, those who paid close attention to the tale of Chicken Little who screamed the sky is falling were proven wrong. The headlines read that thousands of stores are closing and for many, it is a tough time to consider buying a restaurant.
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