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Posted by Franchise Grade Team December 3, 2020
To say things have changed in 2020 is an understatement. The COVID-19 pandemic has affected every facet of our lives in some form or another, and franchise businesses have been forced to find ways to adapt to the new normal or fade away. One of the hardest hit industries is the food industry, with restaurants feeling the hardest punch. One in six restaurants in the United States has been forced to close in the last six months with over 100,000 establishments closing their doors for good. Nearly three million restaurant workers are out of jobs, and the industry will lose an estimated $240 billion by the end of the year.
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