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As coronavirus crushes small restaurants, big chains see room to move in | Reuters
By User:proshob - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=27256361

As coronavirus crushes small restaurants, big chains see room to move in | Reuters

As the coronavirus forces small businesses all across America to permanently close, large chain restaurants that were doing well before hand are looking to expand. “I don’t mean to wish ill on anybody, but there’s going to be real estate opportunities,” commented David Deno, chief executive officer of Outback Steakhouse parent company Bloomin’ Brands. During the month of April retail properties collected less rent than any other sector, with malls collecting only 28% of their rent. Numerous chain companies such as McDonalds, Chipotle, and Taco Bell have commented on the small business closings creating an opportunity for new restaurants with greater potential.

Source: https://www.reuters.com/article/us-health-coronavirus-restaurants-chains/as-coronavirus-crushes-small-restaurants-big-chains-see-room-to-move-in-idUSKBN22V1J5

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