Coronavirus Resources
Coronavirus & Restaurants: Restaurant Revitalization Fund
In case you missed it, I attended the National Restaurant Association’s webinar today focused on the Restaurant Revitalization Fund and wanted to share a few notes you may find helpful. Restaurant Revitalization Fund The American Rescue Plan Act established a $28.6B Restaurant Revitalization Fund (“RRF”) within the US Small Business Administration. The NRA has published…
Read MoreCoronavirus & Restaurants: PPP 2.0 Key Updates
The SBA and Treasury Department announced today that the Paycheck Protection Program (PPP 2.0) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw…
Read MoreCoronavirus & Restaurants: What if Restaurants Shut Down Again
While restauranteurs all hope that the worst of the coronavirus’ impact on business is in the past, the future path is full of zigs, zags and danger. Successful operators will continue to plan for the worst and hope for the best.
Read MoreCoronavirus & Restaurants: Managing COVID Case Guides
COVID-19 cases are on the rise, especially among younger people, creating new complexities for restaurant operators. Consult to Grow® has prepared a Quick Guide and a Detailed Guide for managing restaurant employee COVID positive cases. In these guides, Consult to Grow® helps restaurant owners and operators proactively plan, make fact-based decisions on cases and take…
Read MoreCoronavirus & Restaurants: Reopening Restaurant Dining Rooms
States have begun to announce plans for reopening restaurant dining rooms leveraging a framework from industry advocacy groups and guidelines from the White House. Reopening guidelines will be implemented on a statewide or county-by-county basis at governors’ discretion. Always look for the specific guidelines for the states and/or counties in which you operate. You can…
Read MoreCoronavirus & Restaurants: PPP Maximization
Addressing short-term cash management issues is key to creating resilience for your business. The Paycheck Protection Program has been the quickest way to liquidity so far. Paycheck Protection Program Maximization To help you maximize this program, we created this straw man model for paycheck protection program. Click here to download an interactive PDF of the…
Read MoreCoronavirus & Restaurants: A Letter of Gratitude
Dear Clients & Industry Friends, Thank you for your hard work and persistence. I know you are working long hours, making tough decisions, and nourishing crew, customers and community. Your perseverance has not gone unnoticed by me and others. While others may see you as a restauranteur, I see you as a storyteller, BOH therapist…
Read MoreCoronavirus & Restaurants: The Path to the Next Normal
Relaunch or Reopen Your Restaurant(s) in the midst of the Coronavirus Outbreak Download the File:Re-Restaurant Toolkit (A Path to the Next Normal) Our industry (and the good people who work in it) went into a tailspin three weeks ago at the time of this writing as state and local governments began closing dining rooms and…
Read MoreCoronavirus & Restaurants: Operating in a Crisis
As you are establishing your new normal, consider the following from this throwback post. Layoffs & Reductions in Pay Prepare yourself to make tough financial and personal decisions. For many clients, that has meant temporary layoffs and pay reductions. Conduct these conversations by phone one-on-one, if possible. Sample Letters for Download:Sample Layoff Notice [MS Word]Sample…
Read MoreCoronavirus & Restaurants: Surviving the Crisis
Stay Up-to-Date | Decide Using Facts Kudos to Restaurant Business Online for reporting on the unprecedented impacts of the COVID-19 crisis on the restaurant industry. Making it Through the Crisis | Daily Habits Communicate. Communicate. Communicate. Customers. Crew. Community. Clean up and catch up: keep people proactive and occupied. Cash. Cash. Cash. Focus on maintaining…
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