Bielat Santore & Company Rolling Back Restaurant Industry Alert
From daily to weekly. Today marks the 100th day of Bielat Santore & Company’s continuing effort to be a “voice for our industry” by producing, generating and distributing its “Restaurant Industry Alerts” to thousands of restaurant and hospitality business owners, operators and industry professionals DAILY. “We have received many emails, texts and telephone calls thanking us for providing timely, instructive and helpful information to you. We are very grateful that in some small way, we were able to serve you in your time of need. However, our thanks go out to all of you; the men and women who have served and will continue to serve the public daily in your restaurants, catering facilities, bars and taverns, hotels and golf courses,” says Richard Santore, Vice President and Broker for the firm.
Now that small businesses throughout the country and more particularly in New Jersey have been allowed to open, Bielat Santore & Company has decided to roll back the daily alerts to a more comprehensive one-time weekly alert, to be published each Wednesday. “Most business owners are out of lockdown and back to work, thank God,” continues Santore. “So, who has time to read daily alerts when we are all working; communicating once a week should suffice for now.” Within this 100th day alert, you will also find the last recording in the company’s “Restaurant Rap” interview series for a while. The firm intends to schedule future interviews with all the industry professionals that have been guests on the series, to gather perspectives on reopening once businesses have achieved sustainability.
A new and exciting update. Keep your eyes open for the release of Bielat Santore & Company’s new E-Book, “100 Days of Darkness,” scheduled to be published within the next two weeks. Once a definite release date is established, you will be able to obtain a copy on the firm’s website, www.njrestaurantsforsale.com.
If you have found the past 100 days of the “Restaurant Industry Daily Alerts” informative and beneficial, we kindly ask that you write a brief Google review providing a vote of your appreciation. Simply Google “Bielat Santore & Company” and when the company name appears click the button on the right to write your review or; if you don’t use Gmail, go to Google Maps, type “Bielat Santore & Company” – Allenhurst, NJ into Google Maps; scroll down and you will see an option to leave a review. THANK YOU.
A Guide to PPP Loan Forgiveness
Designed to help borrowers understand how the loan forgiveness amount will be calculated. Under the Paycheck Protection Program (PPP) created by the CARES Act, loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses. Congress recently changed the rules regarding loan forgiveness. The Treasury Department and Small Business Administration are responsible for updating the application form and instructions for loan forgiveness. You can find the most up-to-date information here. PPP borrowers must apply for loan forgiveness with the lender that processed the loan. This guide is designed to help borrowers understand the process by which their loan forgiveness amount will be calculated and the overall approach of the loan forgiveness.
Counties Offer Grants Up to $10K to Small Businesses
And nonprofits hurt by coronavirus. Monmouth and Ocean County businesses and non-profit organizations with up to 50 employees will be eligible for grants of up to $10,000 each to help offset losses resulting from the coronavirus and measures to fight it, the county announced. The grants will be funded using $10 million in federal money allotted to the county government under the Coronavirus Aid Relief and Economic Security, or CARES Act, a $2 trillion stimulus package approved by Congress and President Donald Trump to cushion COVID-19 1/4 u2032s impact on individuals, businesses, non-profits, healthcare institutions and other recipients.
Wolfgang Puck on Leading His Restaurants
Through the Pandemic. Wolfgang Puck, the celebrity chef, has been facing many of the same challenges that restaurateurs all over the world are dealing with: How do you preserve and even grow your business during a lockdown? And how do you begin to reopen safely? In a conversation on May 11 with Boris Groysberg, a professor of business administration at Harvard Business School, Puck shared how he is steering his businesses — Wolfgang Puck Fine Dining Group, Wolfgang Puck Catering, and Wolfgang Puck Worldwide, Inc. — through the Covid-19 crisis.
New Jersey Outdoor Amusement Parks, Water Parks and Playgrounds
To reopen July 2. Outdoor amusement parks, water parks and playgrounds in New Jersey will be allowed to reopen on July 2, Gov. Murphy announced on Tuesday. That includes amusement parks on the Jersey shore boardwalks. Operators should expect that rides will be confined to a six-foot distance between groups, and distance markers will be placed six feet apart in lines. Rides must also be frequently sanitized.
Why New York City Bars and Restaurants May Say Goodbye
To takeout booze. Takeout craft cocktails, to-go glasses of wine and delivery drink orders could soon be a fleeting memory for New Yorkers who have tried to help local bars and restaurants stay afloat amid the pandemic with the temporary regulation that has allowed such alcohol sales set to expire on Saturday. The measure that was put in place on March 16 by Gov. Andrew Cuomo and the State Liquor Authority stated that the eased “restrictions and additional privileges shall continue until June 27, 2020, but may be extended or reduced depending upon the circumstances.”
Even Critics Praised Murphy Early in Crisis
Not any more with a governor’s race looming. As the coronavirus swept rapidly through the state, the first-term Democrat with lukewarm poll numbers was suddenly overseeing a crisis. His daily briefings became a fixture as he installed sweeping lockdown orders to stem the spread. Despite the restrictions, Murphy saw approval ratings jolt into the 70s. Even Republicans praised his performance. But that kind of a glow doesn’t last forever. While Murphy stresses that New Jersey’s infection numbers have dropped dramatically as cases in other states rise, he and his administration have come under fire in recent weeks. Republicans sued Murphy for not allowing businesses to reopen more quickly as the economy suffers. They sharply scrutinized the state’s handling of the outbreak in nursing homes, where at least more than 6,000 people have died.
How Web Designers Can Help Restaurants
Move into digital experiences. The restaurant industry has begun to undergo a major digital transformation. Those that want to survive will need a website that can handle the new way of operating, which means they can no longer afford to hold onto that cheap website they built for themselves years ago. And this spells big opportunities for web designers interested in working in the space.
Did You Know?
“Restaurant Rap” continues with exclusive restaurant industry interviews. Today’s “Restaurant Rap” features an interview with CPA, former nightclub owner and restaurateur and current managing partner of Branches Catering Facility in West Long Branch, NJ, Carmen Penta. Penta has performed accounting services and installed cost control systems for hotels/motels, recreational properties, restaurants and nightclubs and currently represents over 50 hospitality businesses. Tune in as he describes the challenges he has faced during the pandemic, both as an accountant and a small business owner. This series presents recorded virtual video interviews with local restaurateurs and other industry professionals, many of whom are the firm’s clients, customers, and associates.
All previously recorded interviews can also be found at our website www.njrestaurantsforsale.com/news/ and on at https://vimeo.com/bielatsantore.
Employee Tip
Third of Americans want second stimulus check of at least twice last amount. A third of Americans believe a second stimulus check would need to be at least twice as much as the first, according to a poll. While the prospects of further direct payments appear to have increased, with President Donald Trump indicating a willingness to support them, what amounts these would consist of is unclear. Nearly a quarter, 24 percent, said twice the amount, while 12 percent said three times. Those figures together equate to 36 percent of respondents, just more than a third, indicating they would want a higher payment. Another 41 percent said the same amount, while 24 percent said another check is not necessary.
