New York restaurants are in trouble, according to a new report.
On Thursday, the New York State Restaurant Association released the results of an investigation that found restaurants across the state in need of government financial support after months of shutdowns during the coronavirus pandemic.
According to the survey, 63.6% of New York City restaurants said they were “likely to close by the end of the year” without a relief program and only 36.4% said they were ‘they were “likely or somewhat likely to stay open”.
CUOMO DOESN’T ADMIT ANY PLAN TO REOPEN NYC RESTAURANTS, ENSURE COMPLIANCE: “HOW DOES GONNA WORK?
Of the 63.6% expected to close in 2020, 54.8% said they would close before November, the restaurant owners association found.
“It is painfully clear that without financial assistance, New York State’s restaurant industry could collapse,” Melissa Fleischut, president and CEO of the association, said in a statement. “These recent survey results illustrate how dire the financial situation has become for most restaurants and show how essential it is for elected officials to understand the urgency of the situation.
CELEBRITY CHEF ROCCO DISPIRITO: LOCAL RESTAURANTS FACING MASS EXTINCTION WITH CORONAVIRUS CLOSURES
The survey, which had 1,042 respondents from across the state, was completed in the last week of August, according to the restaurant association.
“Governor Cuomo’s leadership in these difficult times on issues such as take-out alcohol and outdoor dining has provided a lifeline for our members over the past several months,” said Fleischut. “But that’s not enough. We are now asking the governor, the state legislature and those at the federal level to simply help us survive. Without additional assistance, the restaurant industry as we know it could vanish in a minute in New York City. ”
GET FOX BUSINESS ON THE ROAD BY CLICKING HERE
According to the association, previous surveys by the restaurant owners association found that restaurateurs wanted help from the government, such as rent relief and increased catering capacity inside, including allowing meals to be served. inside in New York.
Respondents also said they wanted the government to push for business interruption insurance claims to be paid, the statement said.
CLICK HERE TO LEARN MORE ABOUT FOX BUSINESS
Last month, the association found that 89.7% of restaurateurs in the state think their restaurants are “very or unlikely” to be profitable in the next six months.
The association also reported that in three weeks in March, restaurants lost $ 1.9 billion in sales. In April, the organization found that 527,000 jobs in New York’s restaurant industry had been made redundant or made redundant since the start of March.
“The downward spiral of restaurants has continued and financial support from the government is desperately needed,” the association said.