The New York State Restaurant Association is out with a disturbing survey, as the COVID-19 pandemic continues to cause economic havoc.
NYSRA's new survey found 90% of restaurants are unlikely to be profitable in the next six months without government assistance.
“We are forever grateful to the loyal New Yorkers who have supported their neighborhood and favorite restaurants, without whom this modest success would not be possible," said NYRSA President and CEO Melissa Fleischut. "Now we are urging the federal government and the New York State Legislature to show their support for this industry which plays such a vital role in our state’s economy,”
Fleischut said more restaurants will likely close, putting many out of work, without a stimulus package specifically targeted to restaurants.
The survey found nearly 94% of restaurant owners saw lower sales volume, up to 70% lower, in April through July. More than half had to lay off or furlough 90-100% of employees. Three-quarters have no plans to hire in the next 30 days.
NYSRA members are asking for a relief package at the federal and state levels, particularly to provide commercial rent relief, pay business interruption insurance claims and increase the capacity for indoor dining.