1 in 3 New York restaurants won't open after the pandemic. The Fat Radish is one of the unlucky ones
New York restaurants, like The Fat Radish, are permanently shutting their doors after the pandemic upended their businesses.
But now, after months of uncertainty about its future, the restaurant known for its farm-to-table British food is shutting its doors forever, joining the scores of New York restaurants that have decided to close permanently. Freihon said that they explored all of the possible routes to stay afloat. The Fat Radish wasn't eligible for an Economic Injury Disaster Loan, a program run by the Small Business Administration, because Freihon's business partner Phil Winser is a visa holder.
"That was going to be a help, but if we weren't able to reopen, it's not really helpful," Freihon said. "So it got incredibly confusing about how to use the money, and then obviously waiting to see if it was going to go on." Ultimately, they made the decision in July to close The Fat Radish permanently. Their landlord couldn't wait another six months for rent, despite their good relationship.nearly 500 bar and restaurant operators and found that 83% of respondents could not pay their full July rent and 37% paid no rent at all.
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