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GBGX2 · 03-22-2020, 09:59 AM

Baygo is correct about the "Expanded Unemployment Benefits"...

https://www.unionleader.com/news/hea...37f61d9e8.html

I would point out, however, that the maximum benefit is $427 a week or +/-$,1800.00 a month or $21,600.00 a year. This is hardly an amount that would give anyone a sense of wellbeing.

I would also say that Baygo is extremely fortunate to only have fixed expenses of $75.00 a day or $2,325.00 per month. Most leasehold restaurants have annual rents that average 6% of gross sales, along with utilities, insurance, labor, etc. Owners that own their own buildings have mortgages, property taxes, along with the other expenses above (and more).

I believe that owners who are opting to do takeout/delivery are doing so because they feel they have no choice other than to try anything to generate revenue.

I get flattening the curve, but until the State closes it all, I will continue to do what I can to support the local restaurants...

03-22-2020, 09:59 AM	#10
GBGX2 Senior Member Join Date: Mar 2014 Location: Alton Posts: 219 Thanks: 206 Thanked 187 Times in 61 Posts	Unemployment Benefits............. Baygo is correct about the "Expanded Unemployment Benefits"... https://www.unionleader.com/news/hea...37f61d9e8.html I would point out, however, that the maximum benefit is $427 a week or +/-$,1800.00 a month or $21,600.00 a year. This is hardly an amount that would give anyone a sense of wellbeing. I would also say that Baygo is extremely fortunate to only have fixed expenses of $75.00 a day or $2,325.00 per month. Most leasehold restaurants have annual rents that average 6% of gross sales, along with utilities, insurance, labor, etc. Owners that own their own buildings have mortgages, property taxes, along with the other expenses above (and more). I believe that owners who are opting to do takeout/delivery are doing so because they feel they have no choice other than to try anything to generate revenue. I get flattening the curve, but until the State closes it all, I will continue to do what I can to support the local restaurants...