Coronavirus Impact: Survey shows Bay Area restaurants lost money from takeout, delivery

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Monday, May 18, 2020
Survey shows Bay Area restaurants lost money from takeout, delivery
A new report conducted by the Golden Gate Restaurant Association puts it concretely that many Bay Area restaurants have suffered major financial losses from the shelter-in-place order.

SAN FRANCISCO (KGO) -- A new report conducted by the Golden Gate Restaurant Association puts it concretely that many Bay Area restaurants have suffered major financial losses from the shelter-in-place order.



According to a survey of 419 Bay Area restaurants, 216 restaurant owners say "only offering delivery and takeout is not a financially viable solution for the majority of restaurants."



RELATED: Coronavirus Impact: Half of San Francisco restaurants expected to close as industry bracing for big changes during pandemic



73% of those are now open for takeout and delivery during the shelter-in-place.



60% of those are losing money, while 62% of owners have laid off 50% or more of their employees.



But there is small glimmer of hope - the majority of respondents have received emergency federal loans.



RELATED: Building A Better Bay Area: What will it take for restaurants to reopen once COVID-19 pandemic is over?



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