Gavin Newsom orders indoor restaurants, wineries, movie theaters to close in most CA counties | ABC7
Operator ZoneRestaurant Failures & Lessons/ABC7/4:49
March 2020 hits and half the industry learns the difference between revenue and profit the hard way. You're either sitting on three months of operating capital or you're calling landlords with sweaty palms, and Newsom's announcement just sorted every operator in California into one of those two camps. The restaurants that survived this weren't the ones with the best Instagram presence — they were the ones who knew their numbers cold and had already gamed out what 50% capacity actually meant for the bottom line.
— The Chef's Take












