Running a restaurant in New York has always been difficult, but the epidemic has brought many new challenges, and some owners find these challenges insurmountable. Sales are slowly recovering due to the development of food delivery, delivery and outdoor catering. However, the average daily income of New York City restaurants is still down 68% from the same period last year. Industry experts estimate that as many as one-third of restaurants will not reopen. In July, New York Governor Andrew Cuomo postponed the reopening of indoor dining indefinitely, and this has also become a "dead spot" for many restaurants, which are moving towards permanent closure, including The Fat Radish.
The Fat Radish is a popular restaurant in New York, which was supposed to celebrate its tenth anniversary in October this year. But after months of the epidemic, this British delicacy will be closed forever, joining dozens of restaurants in New York that have decided to close permanently. Natalie Freihon, the managing partner of The Fat Radish who joined The Fat Radish in 2017, said that the restaurant's operations have not been smooth sailing these years, but everyone has never thought of closing the restaurant. Under the strong attack of the epidemic, Freihon and other restaurant operators explored all possible ways to maintain restaurant operations.
The restaurant had previously received a loan from the Paycheck Protection Program: the program aims to help small and medium-sized enterprises maintain their livelihoods and hire back employees. This does seem to be a financial help, but if the restaurant reopens as it did, it won't be able to hire new staff, and this protection plan won't help them much.
On the other hand, Freihon’s headache is that The Fat Radish is not eligible to apply for an Economic Injury Disaster Loan, because Freihon’s business partner Phil Winser is the visa holder. That’s right, many visa holders are not eligible to receive the funds to operate restaurants in this city full of immigrants, which makes it more difficult for everyone to maintain their operations.
In addition to The Fat Radish, many other restaurants in New York are in a similar situation. All restaurants are also changing their own business methods during the epidemic to tide over this difficult period. While countless restaurants closed down, many restaurants were struggling, hoping to survive. source