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With all that has been going on I have to be honest that I lost touch with the latest stimulus act that passed the House and is currently in the Senate – but the NRA did a nice write up on the latest:

This is a whopper of a bill! Basically, as written (it isn’t law yet) it will provide a grant – not a loan – to restaurants based on a calculation of:

2019 Revenue – 2020 Revenue (so, total lost sales) – PPP & EIDL funds received = Grant Amount

For restaurants that were not down a tremendous amount, this calculation likely means you will not receive anything. But for places like mine that were hit hard (operating in a mall is rough right now!) it could be quite a meaningful sum.

In addition here is an article from our handy CPA that breaks down the details even further:

Of course as it is still in the Senate anything could change, but I thought it was worth sharing!

And looking at our sales numbers, we definitely are creeping back up to our post-covid highs of last summer! Still down meaningfully of course, particularly in the Northeast, but between warmer weather and shots-in-arms, that 0% marker (getting back to pre-covid sales) feels attainable soon.

As always, find the full breakdown below.



March 3 weekly update March 3 weekly update March 3 weekly update

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Tag(s): Metrics