Irene and I dove into why the restaurant industry is looking like it will be dominated by chains after the pandemic. Executives at Dunkin', Chipotle, and Domino's have all painted real estate opportunities as the silver lining of the restaurant apocalypse. But, where does that leave independent restaurants that are struggling to survive?
Elliott Nelson, who currently owns 20 restaurants in Oklahoma and Arkansas and has been approached by a major chain about selling locations, said that he expects many independent restaurant owners to simply give up. "It's going to be hard to muster up the energy to want to keep going and do it again," Nelson said. "How would you feel if the biggest thing you worked really hard on was replaced by Taco Bell? So much of your soul goes into building unique stuff, and if you see it become so homogenous, that's especially heart-wrenching."
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