What NYC Dining Might Look Like During Reopening
According to 14 Experts. Restaurants may start to implement reservations for bar seating, ask diners to voluntarily report health data before dinner via smartphones, and more. It may be weeks until any restaurants can actually open its doors again, but as businesses in other cities start reopening, many in NYC have cautiously started to sketch out the future here. Looking forward, everybody is sharply focused on figuring out which measures — no matter how drastic — will make diners feel comfortable enough to venture back inside restaurants, while still making it financially feasible to keep the lights on.
Dave & Buster’s Find Relief
Jefferies agrees to buy $100 Million in stock. Dave & Buster’s Entertainment said Monday that investment bank Jefferies LLC agreed to buy $100 million in stock to bolster its balance sheet as the dining and entertainment venue operator struggles with the coronavirus economic shutdown. The company currently intends to use the net proceeds from this offering primarily to strengthen its balance sheet, principally as necessitated by the effects of the COVID-19 outbreak on its business, which could include use for general corporate purposes and/or repayment of outstanding debt.
OSHA Urges Restaurants
To minimize contact in new alert. Restaurants providing curbside and takeout service during the pandemic should reserve parking spaces near the front door for pickup, avoid handing food off directly when possible and allow workers to wear masks, the U.S. Department of Labor’s workplace safety arm recommended in new guidance Friday. The Occupational Safety and Health Administration included these and other recommendations in a new safety alert for restaurant and food and beverage businesses. The agency issued the tips in a one-page poster employers can display in the workplace.
Paycheck Protection Program
Answers to frequently asked questions. Borrowers and lenders may rely on the guidance provided in this document as SBA’s interpretation of the CARES Act and of the Paycheck Protection Program Interim Final Rules (“PPP Interim Final Rules”). The U.S. government will not challenge lender PPP actions that conform to this guidance, and to the PPP Interim Final Rules and any subsequent rulemaking in effect at the time.
Did You Know?
5 steps to help your business emerge stronger from the health crisis. The global health crisis has caused immense disruption to the global economy and many companies around the world have been severely affected. Even so, some businesses have shown inspiring innovation in these challenging times. How can business owners learn from the quick thinking of these companies and emerge stronger?
Sweden bucked conventional wisdom and other countries are following. Spring is in the air, and it is increasingly found in the confident step of the people of Sweden. With a death rate significantly lower than that of France, Spain, the U.K., Belgium, Italy, and other European Union countries, Swedes can enjoy the spring without panic or fears of reigniting a new epidemic as they go about their day in a largely normal fashion. The Swedish ambassador to the U.S., Karin Ulrika Olofsdotter, says: “We could reach herd immunity in the capital” of Stockholm as early as sometime in May. That would dramatically limit spread of the virus.
Employee Tip
In this time of record-low mortgage rates, how do you get one? if you’re a homeowner wanting to refinance or a homebuyer who’s ready to make a purchase amid the coronavirus pandemic, you can’t assume that a mortgage lender will always give you a spectacularly low rate. The current national average for a 30-year fixed mortgage is an all-time low 3.23%, according to mortgage company Freddie Mac, which has been tracking rates since 1971. How do you land a mortgage rate that’s close to the record, or even lower? Industry experts offer these four tips.
Bielat Santore & Company – Restaurant Industry Daily Alerts
New restaurant industry survey. Beginning next Wednesday, May 6th, Bielat Santore & Company will conduct a survey of restaurant owners and operators throughout the NY-NJ-PA metropolitan area, emphasizing the challenges the industry is facing during COVID-19 pandemic.
The firm will donate $1 dollar for every valid survey response it receives to the Independent Restaurant Coalition (IRC). The Independent Restaurant Coalition was formed to save the local restaurants affected by COVID-19. “Our firm is committed to working with the active community of restauranteurs and hospitality operators, many of whom are our clients, to help with the rescue and reopening of their industry,” states Richard Santore, Partner in Bielat Santore & Company.
Look for the survey to appear in next Wednesday’s Restaurant Industry Daily Alert, as well as on the company’s website at www.njrestaurantsforsale.com/news/ and Facebook page https://www.facebook.com/123BSC/ In addition to the company’s monetary donation, if enough survey responses are submitted, Bielat Santore & Company will publish a comprehensive report compiling the results of the survey for distribution.
A voice for our industry. If you are finding these daily bulletins informative and beneficial during this pandemic, 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 and remember all of the “Restaurant Industry Alerts” and “Thursday Restaurant Rap” interviews can be found at www.njrestaurantsforsale.com/news/. We intend to continue to keep you informed as we all look for an end to this crisis.
