Reopening Post-COVID: Financial Tips for Bars and Restaurants

3 Min Read By Johan Gutierrez

Earlier this year, our country and our economy found itself in an unprecedented and challenging time. With the novel Coronavirus, known as COVID-19, instilling the unknown in many Americans across the country, business owners were coming face-to-face with the reality of having to close their doors for an unforeseen amount of time. One of the first groups of businesses to shutter was the food, restaurant and hospitality industry – an industry that relies on daily revenue from its patrons, those of which were now being mandated to quarantine and reside in their homes. 

Immediately, many restaurants pivoted their business model to adapt to this change. Restaurants that previously never offered take-out options were adapting their menu to provide pick-up and delivery services for those in quarantine. We even saw restaurants offering to-go alcohol packages to help drive revenue. Unfortunately, not all restaurants and bars were able to pivot and adapt to the new normal and for many…