"Top Chef" host: Coronavirus could kill 75% of restaurants

Do you feel like the restaurant industry ever experienced anything like this?

Do you think the country’s ever seen anything like this? No. No. I mean, I think if we’re lucky 25 percent of the restaurants will stay open.

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That after this is all over only 25 percent will remain open?

Maybe? Who knows? This is devastating. Small, independent restaurants don’t have the wherewithal—even the larger companies, that’s just not how we’re set up to operate. We don’t have cash reserves. The money that we make today, if we were open, goes to pay bills from 45 days ago. Margins are razor thin. This is not the business that people think it is.

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