{"id":9815,"date":"2016-10-03T14:00:13","date_gmt":"2016-10-03T21:00:13","guid":{"rendered":"http:\/\/localhost\/premierfoodsafety_OLD\/?p=9815"},"modified":"2016-10-03T14:00:13","modified_gmt":"2016-10-03T21:00:13","slug":"why-so-many-restaurants-are-filing-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/premierfoodsafety.com\/blog\/why-so-many-restaurants-are-filing-for-bankruptcy\/","title":{"rendered":"Why so many restaurants are filing for bankruptcy"},"content":{"rendered":"<style>\ndiv#keypoints {\n  margin-left: 2em; margin-top: 0.5em;\n}\nli#takeaway1, li#takeaway2, li#takeaway3 { \n}\np#quote {\n  background-color: #FFCC66; color: #222222; padding: 1em; margin-top: 0.5em; font-style:italic;\n}\n<\/style>\n<div class=\"richsummary\">\n<p id=\"abstract\">When it comes to restaurant, there is a wide and vast array of people that love and enjoy taking part in the aspect of going and eating at a restaurant. However recently there has been a major increase in the number of restaurants that have filed for bankruptcy. This article offers you the insight into why so many restaurants are filing for bankruptcy.<\/p>\n<p>Key Takeaways:<\/p>\n<ul id=\"takeaways\">\n<li id=\"takeaway1\">The chain has lost money for years. And lots of chains are taking the debt-protection route these days.<\/li>\n<li id=\"takeaway2\">To be sure, restaurants file for credit protection every year. They are capital-intensive businesses operating in a saturated industry that caters to a fickle consumer.<\/li>\n<li id=\"takeaway3\">Many of the others have been perpetually struggling. That was true with Logan\u2019s, which has been trying to work out a deal with its lenders for some time.<\/li>\n<\/ul>\n<p id=\"quote\">&#8220;They are capital-intensive businesses operating in a saturated industry that caters to a fickle consumer. They frequently borrow money to expand. And they lease spaces for their restaurants. Thus, when sales fall, bankruptcies can often follow.&#8221;<\/p>\n<p id=\"source\"><a href=\"http:\/\/nrn.com\/blog\/why-so-many-restaurants-are-filing-bankruptcy\" target=\"_blank\" rel=\"noopener\">http:\/\/nrn.com\/blog\/why-so-many-restaurants-are-filing-bankruptcy<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to restaurant, there is a wide and vast array of people that love and enjoy taking part in the aspect of going and eating at a restaurant. However recently there has been a major increase in the number of restaurants that have filed for bankruptcy. This article offers you the insight into [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8163,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"_links":{"self":[{"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/posts\/9815"}],"collection":[{"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/comments?post=9815"}],"version-history":[{"count":0,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/posts\/9815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/media\/8163"}],"wp:attachment":[{"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/media?parent=9815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/categories?post=9815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/tags?post=9815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}