This has been a challenging time for the restaurant industry, and many workers and establishments have been impacted.
If you’d like to help, here is a link to the Restaurant Strong Fund: https://www.restaurantstrong.org/donations/massachusetts/.
Impact of the Pandemic on Restaurant Leases and Valuations
We thought you’d be interested in this summary put together by Restaurant Trends Seminar partner, the Boston Restaurant Group:
In the past a “good” lease was always considered the most valuable asset of a restaurant. Post COVID-19, it has become the restaurant’s greatest liability.
I realize how difficult the past few months have been for everyone in the restaurant industry and I just wanted to share with you my observations, based upon my personal experience as a commercial real estate broker specializing in the sale, leasing and appraising of restaurant businesses. Read Full Summary here.