The independent restaurant industry is likely one of the most vulnerable sectors during the global pandemic. Low profit margins make it difficult to survive several months of shelter-at-home orders, which could result in the shuttering of many eateries. But one particular restaurant sector, food halls, may be able to weather the storm better than traditional restaurants thanks to lower operating costs, flexible space designs, and developer/landlord partnerships.
The ability to adapt operations and work in partnership with landlords, lenders, and local governments could mitigate some of the risk for the restaurant industry. For those that may not make it through, the food hall model, with its low cost of entry, could serve as a platform to relaunch many restaurant businesses.
Download the report to read more.