18 percent restaurants may not restart post lockdown
/Key Take Away
Post COVID-19, it is estimated that 18 percent of single-unit restaurants are likely to shut down between May and July and another 12-15 percent of restaurants will be part of the second round of closure between September and December
As per the report, in the financial year 2019-20, the year that ended in March 2020, only 19% outlets delivered an EBITDA of 10% or more, "half of our universe was negative"
It is important to understand the income-pool that restaurants serve. Drive-Throughs are now a lifeline for fast-food chains.
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