Very few businesses have been hit harder by the pandemic than restaurants. Despite this carnage, private equity firm Plutos Sama Holdings sees accelerated merger-and-acquisition activity in the industry after the pandemic subsidies.
Plutos Sama Holdings says that more than 110,000 restaurants in the US were forced to temporarily or permanently close in 2020. Additionally, it says sales plummeted to a staggering $240 billion below pre-pandemic forecasts.
But Plutos Sama Holdings thinks the restaurant industry may be on the cusp of an inflection point. "This could be a potentially once-in-a-generation opportunity for well-capitalized entities to take advantage of historically low price points in 2021 and 2022, to generate ROI in 2023 to 2025," said a spokesman for the private equity firm.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
