that Chipotle has been reaching out to restaurants that aren't even closed yet, offering to buy out their leases in the case they are "looking for relief." Laurie Schalow, Chipotle's chief corporate affairs and food safety officer, said that the chain continues to "open new restaurants and sign new leases to satisfy customer demand for Chipotle restaurants."
Most franchisors have a team dedicated to scouting out real estate opportunities, franchising expert Joel Libava told Business Insider. "Some of the major franchise chains that have franchisees that really remained successful through this thing are going to want more units," Libava said. "And they're going to be able to snag them ... cheap." Dunkin' believes that the pandemic could create real estate opportunities."It's not going to be pretty" for the kind of person who eats locally sourced food and seeks out cute independent coffee shops in the coming months, Libava said.
Chains are more likely to be fast-food and fast-casual concepts that are better prepared for to-go food than independents, the Bank of America report notes. The majority of these major restaurant companies invested in digital ordering and delivery prior to the pandemic, while mom-and-pop shops scrambled to transition to a model that relies on a thriving take-out business.
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