Unbelievable, now the restaurant sector wants free money, $145 BILLION!

I have a restaurant, I'm not asking for a bailout. I just closed and put everyone on unemployment until the whole thing is over and then I'll reopen. but then again my rent is only $2000 a month. These restaurants in big city's where there rent is 20k and up they might need some type of help from their landlords or something
 
I have a restaurant, I'm not asking for a bailout. I just closed and put everyone on unemployment until the whole thing is over and then I'll reopen. but then again my rent is only $2000 a month. These restaurants in big city's where there rent is 20k and up they might need some type of help from their landlords or something


If you don't mind the question, can you mention what state (or city) you are in and how many people you are putting on unemployment?
 
I'm in IL I put 15 people on unemployment
how long can you shoulder this? we're at roughly a month out before "flattening" the curve. I think Donnie announced some rental subsidies today (though it may be for housing only).
 
When does it stop?
It's okay to charge you $3.5 for a glass of 7-up, $7.95 for apple pie and $24.99 for pasta, so where are the emergency funds they should have put aside for a time like this?
Do not any of these sectors asking for bailouts have emergency funds set aside?


https://www.cnbc.com/2020/03/18/res...illion-recovery-fund-from-the-government.html
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HOUSTON, YOU HAVE A F*ING PROBLEM!
 
I have a restaurant, I'm not asking for a bailout. I just closed and put everyone on unemployment until the whole thing is over and then I'll reopen. but then again my rent is only $2000 a month. These restaurants in big city's where there rent is 20k and up they might need some type of help from their landlords or something
If landlords had any sense they'd forbear rent, even if it hurts them. Because there aren't any new restaurants lining up to take those spots in the next few weeks, what they've got is there best bet for a rent paying customer going forward for the next several months.
Of course I've seen landlords on our main street go through 2 stores a year with two three month vacant periods every turnover for a couple years just to extract 10% more rent. They seem unable to grasp that keeping their tenants in business actually nets them more money at the end of the day. So maybe having any sense is asking too much.
 
My friends restaurant has been hit hard the last few weeks. He went from $120k-150k per month in sales and he's estimating maybe $25k in sales for March. His payroll is around $40k.
 
When does it stop?
It's okay to charge you $3.5 for a glass of 7-up, $7.95 for apple pie and $24.99 for pasta, so where are the emergency funds they should have put aside for a time like this?
Do not any of these sectors asking for bailouts have emergency funds set aside?


https://www.cnbc.com/2020/03/18/res...illion-recovery-fund-from-the-government.html
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I noted Pres Trump + my US Senator...….=do not bail out delta airlines . Fuel went way down+ they don't need it...………………………………………………………………………… Solve the $24 pasta problem =do NOT buy that ,LOL-LOL.
 
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