Day: February 4, 2021

The pandemic has devastated restaurants. These people are opening new ones anyway

By Jeanne SahadiCNN Business Thu February 4, 2021

Talk about taking a risk. Opening a new restaurant is always a high-wire act. But to do so during a pandemic when most US restaurants are unable to operate at full capacity and more than 110,000 are estimated to have closed their doors for good, it seems like setting yourself up for failure. Yet data from Yelp shows that new restaurant and other food business openings in 2020 were down just 16% from 2019. And they were only down 4% in the fourth quarter relative to the year-ago period. Meaning some brave people are pushing ahead despite the current risks.CNN Business reached out to a few new restaurant owners to learn why they decided to open their establishments during the pandemic.

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