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Breaking down the restaurant rent model and its downfallsBreaking down the restaurant rent model and its downfalls

Holly Petre, Assistant Digital Editor

February 7, 2023

 

Independent restaurant operators continue to manage a confluence of challenges, but January’s rent picture provided a thin silver lining relative to previous months.

According to new data from Alignable, 38% of small restaurants were delinquent on rent in January, versus 52% in December. January’s data was also more favorable than November’s (42%) and October (49%). Typically, December is a strong month for independent restaurant sales as more people are out and about shopping and celebrating. This may have created healthier cash flows for January's bills.

About the Author

Holly Petre

Assistant Digital Editor

Holly Petre is a digital editor for Nation’s Restaurant News as well as the host of NRN’s podcast, Extra Serving, and producer for Informa Restaurant and Food Group’s other three podcasts, One On One by Food Management, Off the Shelf with SN and In the Kitchen with Bret Thorn. Holly holds a Bachelor of Fine Arts with a concentration in Sculpture, fibers and Material Studies and Ceramics from the School of the Art Institute of Chicago. A native New Yorker, Holly enjoys her place on staff as the resident pop-culture expert and millennial with a sassy attitude and great sense of style.

Holly Petre’s work on Nation’s Restaurant News and Restaurant Hospitality often covers marketing and trends, either aimed-at or examined-through the millennial mindset. Holly is responsible for introducing TikTok and Twitch to NRN and RH readers as well as explaining terms like “Karen” to staff and readers alike. She also spends her time on staff trying not to make every headline a pun.

Holly Petre hasn’t spoken at any events or on panels, but she is readily available with a killer shoe wardrobe and several witty quips.

 

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