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46,500 permanent closures in the US – YTD September

By Jolien Demeyer inClosures
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Oct 1st 2020 – It’s clear that the pandemic will continue to affect lives around the world, even in regions that have regained some semblance of control over new cases. The long-term effects of the pandemic will continue to shadow areas of the economic landscape.

The restaurant industry has been particularly hard hit. CHD Expert estimates a decline in revenue across the board for American restaurants during the pandemic. In total between January and September, eating and drinking outlet places were down with 45,000+ foodservice outlets.

Chefs, general managers, owners, bartenders and diners have all attempted to raise their voices to get aid for the hard-hit sector. But those cries have been drowned out by the sound of businesses boarding up their eateries, shuttering service for good.

What do we see in September 2020? 

  • 9,607 permanent closures
  • 20% of the ones closing their doors are QSR / LSR
  • 19% of the closures happen in California
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Canadian Restaurant Closures

The impact of COVID-19 and the government-mandated restaurant closures have seen many operators close their doors for good. The following list is current as of October 1st, 2020.

What do we see -> almost 80% is dominated by the below 5 market segments:

  • FSR – Casual Dining – 27%
  • LSR – Fast Food – 19%
  • LSR – Coffee Shops – 13%
  • FSR – Cafe Restaurants – 11%
  • LSR – Fast Casual – 7%

The main 3 provinces with the highest number of permanent closures are:

  • Ontario – 43%
  • Quebec – 18%
  • British Columbia – 15%
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Uncertainty Is the Only Certainty

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Need more information?

Get in touch: sales@chd-expert.com

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