Current Trends in Small Business Recovery

As we talked deeper about the current trends of the recovery, we focused on the long-term risks to the restaurants. He commented on the strangle hold that the delivery companies have on small businesses. They make it difficult for customers to order directly from the restaurants. The high fees of the delivery companies eat away at the potential for profitability for small restaurants.

Restaurant owners are right to be worried if the consumer preference for take-out ordering and delivery goes on through 2022. More business closures are going to occur or they must make long term improvements in their business models.

As we go into the holidays, this is the time for consumers to make reservations and actually go out for sit down dinners. Keep going to your favorite restaurants and bars after New Year’s because that is the slowest time of the year for this sector. Support your restaurants beyond Restaurant Week.