Rising debt eating at long-term survival chances of Canadian restaurants

Article Link: https://torontosun.com/news/national/rising-debt-eating-at-long-term-survival-chances-of-canadian-restaurants

Discussion posted by: itzfitzhere

It also says most multi-unit food service businesses will have to permanently shut down a location, saying rent is the main source of their debt, “Even the most experienced restaurateurs are struggling to meet their rent obligations, through no fault of their own, due to the unprecedented circumstances we’re all now facing,” said Shanna Munro, president of Restaurants Canada. The findings were collected April 15-21 and included 11,856 food service locations.