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by sbuttgereit 2272 days ago
Did his business already have a robust take-out business? If so, I wouldn't be surprised by this comment. I would expect revenues, for awhile, to be the same or even increase... though as individual customers circumstances turn less certain I would expect that to decline over time. Certainly there's less labor overhead, and slightly less expense for utilities, cleaning supplies, etc. But larger pieces, like rents, would remain the same absent some sort of accommodation for the crisis.

A business that didn't have a robust take-out business prior to the crisis I would expect to fare worse. You'd have to do things like get the word out that you are a take out business for one... and some couldn't likely make that transition. Would you order fine dining take out? Sure the food might be good, but half the reason to go to a good restaurant, rather than a cheaper one, is the service.