More restaurant owners worried about rent due to Delta variant
More small businesses are able to make rent as the economic recovery continues, but restaurant owners are still struggling.
About 30% of all small businesses in the U.S. could not pay their August rent in full or on time, according to a new survey of 5,349 small business owners by small business referral network Alignable. That is an improvement over the 35% who reported rent problems in July.
But for restaurant owners, it's a different story. About 45% of restaurant owners could not pay their August rent on time or in full, up from 40% in July, showing that not all industries are seeing an improvement. A massive 88% of restaurant owners fear the Delta variant will negatively impact their recovery.
A new movement across several cities and counties -- requiring masks inside dining establishments is a key source of consternation for many restaurant owners. And that's one reason they're having more trouble than most paying their rent, said Chuck Casto, head of news and corporate communications at Alignable, in an email.
https://www.bizjournals.com/seattle/news/2021/08/27/covid-19-delta-varianet-restaurants-small-business.html