A lot has changed over the week, and information is coming out at a staggering pace. Here is a collection of some of the best resources and most applicable information related to the hospitality industry.
COVID-19:ABCC EXTENDS POSTING TO 90 DAYS
You are reading it correctly, the evil empire known as the Alcoholic Beverages Control Commission has even pitched in a bit of relief by extending payment of invoices to 90 days. This adds 30 days to the original 60 day terms for liquor bills, adding much needed breathing room for restaurants. Make sure you go into your accounting software and change the terms!
A RESTAURANT’S FINANCIAL GUIDE TO SURVIVING COVID-19
Coronavirus disease 2019 (COVID-19) is a respiratory illness that can spread from person to person. This illness has a high mortality rate, and is easily transmitted. Governor Charlie Baker on Sunday night ordered all public and private schools across Massachusetts to close for three weeks, and, beginning Tuesday, has limited all restaurants to only takeout and/or delivery. The motivation here is to create “social distancing” that will help flatten the curve of the exponential growth of COVID-19 cases.
