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For those of you who continue to think we need an indefinite shut down for this virus and that the economy will somehow just automatically come roaring back, a lot of small businesses out there will never reopen. A lot of people will be staring down unemployment for a long time to come. The cure continues to be worse than the disease.
"Each restaurant to reopen from a standstill of 30 or 60 or 90 days is going to take tens and tens of thousands of dollars or more, well over $100,000 to open, and we're going to require a significant amount of capital to get back up and running at some point," Cameron Mitchell Restaurants founder and CEO Cameron Mitchell told FOX Business' Cheryl Casone on Monday.
"Each restaurant to reopen from a standstill of 30 or 60 or 90 days is going to take tens and tens of thousands of dollars or more, well over $100,000 to open, and we're going to require a significant amount of capital to get back up and running at some point," Cameron Mitchell Restaurants founder and CEO Cameron Mitchell told FOX Business' Cheryl Casone on Monday.
Restaurants closed due to coronavirus face huge restart costs: Industry expert
Cameron Mitchell Restaurants founder and CEO Cameron Mitchell says it will take "well over $100,000" to reopen some of his restaurants
www.foxbusiness.com