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According to The National Restaurant Association, over 110,000 service industry businesses have closed and 2.4 million service industry jobs have been lost due to the pandemic, and only 48 percent of closed restaurants are expected to ever reopen.
We welcome Adel Cekic, whose family's restaurant Dino’s Italian Eatery is one of the many businesses across America fighting to stay open during these challenging times. Additionally, Adel's father is simultaneously battling COVID. After nearly a year of the pandemic, Adel tells us the restaurant's finances are in rough shape and many of their employees have had to leave their jobs.
Jon Taffer, the host and creator of “Bar Rescue,” says the pandemic has caused the restaurant industry to become "not functional" in many areas, and he notes 70 percent of restaurants are privately owned and they are the largest employer of minority managers in the world. He also notes in many cases, families have invested their life's savings into these businesses.
Unfortunately, Jon predicts America will lose roughly 30 percent of restaurants by the time the pandemic is over, and possibly 70 percent of bars in some areas. But, post-pandemic -- and when more people are vaccinated -- Jon expects to see a boom for the restaurants and bars that can stay afloat.
To help these small family-owned restaurants in the meantime, Jon encourages everyone to order from a local restaurant at least once a week.