BALTIMORE — Maryland restaurants are hurting more than the national average, so says a recent survey conducted by the Restaurant Association of Maryland (RAM).
“The results from National Restaurant Association Research Group are staggering, but sadly they are not shocking, as we continue to see Maryland restaurants fight to stay alive,” said Marshall Weston Jr., RAM President and CEO.
From November 17 through 30, RAM surveyed 6,000 restaurant operators and 250 supply chain businesses.
Here's what they found.
89% expect sales to decrease during the next 3 months (65% National average)
37% of overall sales are down as opposed to the national average of 29%
70% percent report higher labor costs [as a percent of sales] amid COVID (59% - National average)
91% say their profit margin is lower than before COVID-19 (86% - National average)
45% say it's unlikely they will be in business in six months if no more federal relief comes (37% - National average)
56% are operating with more than 20% less staff - 67% expect even lower levels over the next 3 months
If you would like to support local restaurants, RAM is selling gift cards that are redeemable at over 350 restaurants across the state.
All proceeds go directly to the restaurant where it is used.
Customers who purchase a $100 gift card will be entered to win a $500 RAM gift certificate.
Order yours by clicking here or by calling 410-290-6800.
