Restaurants will not be able to survive, says industry

  • 📰 IOL
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

“A sit-down restaurant makes less than 15% of its income from takeaways unlike a McDonalds which will lose far less of its income when its seating areas are closed.' covid19 lockdown2021

In response to newly-implemented Covid-19 regulation the chief executive of the Ocean Basket group and Head of The Restaurant Collective, Grace Harding said that the sit-down restaurants industry will not be able to survive the next few weeks reliant on only takeaways.“A sit-down restaurant makes less than 15% of its income from takeaways unlike a McDonalds which will lose far less of its income when its seating areas are closed.

Co-owner of The Local Grill, Steven Maresch, said that the entire restaurant industry is going through a process of languishing, while trying to remain optimistic during a dire situation. “Takeaways account for less than 15% of revenue at a sit-down restaurant. So the amount of takeaways that would be needed to be sold for restaurants to remain afloat, is unrealistic.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I just Received my withdrawal successfully. I must say being an investor with this platform, is one of the greatest thing have ever happened to me. I recommend everyone to this lifetime investment project good investment company Henrymayson7

Singapore Singapore Latest News, Singapore Singapore Headlines