skip to Main Content
MSJ NEWS see latest news

Restaurant Owner Warns That Opening and Closing Cycle Could Devastate Food Service Industry

  • Junior’s Cheesecake owner Alan Rosen told CNBC that restaurants forced to shut down a second time may not be able to reopen
  • Restaurants take huge financial hit when they purchase food and are unable to sell it
  • Some states roll back eat-in service as COVID-19 counts rise

Restaurants that survived the initial shutdowns caused by the COVID-19 pandemic may not be able to weather a second round of closures, warned Junior’s Cheesecake owner Alan Rosen during an interview with CNBC. Rosen, whose family-owned business has three locations in New York City and one in Foxwoods Resort Casino in Connecticut, said eateries purchase large quantities of food but are forced to discard it if the state orders restaurants to close.

Governors in states with rising coronavirus counts have paused or rolled back efforts to reopen businesses, reviving restrictions such as capacity limits or bans on dine-in service. The spike in COVID-19 cases elsewhere in the country has also caused other states to proceed more cautiously with their own reopening efforts, pausing efforts to resume dine-in service.

Junior’s Cheesecake has been able to add to its payroll after reopening its Brooklyn location for takeout. He says he has also been using Paycheck Protection Program funds cautiously to ensure that workers can be employed safely and for a sustained period.

Spread the Word

More To Explore

Expert Summaries

Know Your Competitors

By Denis Jakuc 

There are tons of benefits to knowing who your competitors are—what they’re offering, their strengths and weaknesses. That knowledge can help you make your products and services stand out,

Latest News

Join with Free InnovatorsLINK Account

Start accessing all the free member benefits and valuable content on the InnovatorsLINK platform. Create a BizLINK listing to boost brand exposure, receive the weekly Main Street Journal newsletter, engage in forums, get full access to free content, and more.