Could DoorDash Help Bail Out Struggling Restaurants?
Although many businesses have recovered from the blow the pandemic dealt them, restaurants are still struggling two years after the fact. The amount of revenue restaurants lost in 2020 was catastrophic for some establishments -- namely, those with already thin margins before the start of the outbreak. And while it's been many months since restaurants faced operating restrictions like capacity limits, more recently, they've encountered new challenges like difficulty procuring the products they need and hiring workers.
But if restaurants don't manage to recover fully from the pandemic and secure their spots as community mainstays, it could have a dire impact on local real estate markets. Thriving restaurants can lend to higher property values, while shuttered businesses -- restaurants included -- can cause property values to plummet. As such, real estate investors stand to lose out big time if restaurants start dropping like flies two years into the COVID-19 health crisis.
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Source Fool.com
