Sep 12, 2020
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About this Deal
No segment of the pandemic-battered food service industry seems immune to the financial devastation that has resulted in thousands upon thousands of restaurants nationwide closing their doors permanently.
While a small number of fast food chains, especially those with drive-thru windows and menu items well-suited for delivery, have actually increased sales in recent months – KFC, Pizza Hut, and Wingstop among them – many others have experienced substantial downturns. Reduced sales have plagued even popular standbys like Wendy's, Chipotle, and Dunkin', according to a report by Nation’s Restaurant News on major restaurant company performance over the first half of this year.
Full-service chains are hurting, too. The restaurant business data resource Black Box Intelligence reports that 12% of sit-down restaurant chain units that were open before the COVID-19 pandemic are now closed. Such once-thriving chains as California Pizza Kitchen and Chuck E. Cheese have even filed for bankruptcy.
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