BPM’s Edward Webb Examines Alternatives to Bankruptcy for Restaurant Operators
In 2020, more than 110,000 establishments either locked down or closed for good, and about 2.5 million restaurant workers had lost their jobs. The American Rescue Plan (ARP) into law, which funds the $28.6 billion Restaurant Revitalization Fund (RRF), offers hope for the smallest and hardest hit restaurants.
In his article for QSR Magazine, Partner Edward Webb reviews the options available for quick-service restaurant owners to get back on their feet. He says, “The impact that our current environment is having on smaller QSR businesses cannot be controlled. But you don’t have to hit rock bottom.”