@marcusboxerman

Business and franchise lawyers in Chicago providing legal services to business and their owners, franchisors and franchisees, the food and hospitality industry.

 Chicago, IL
marcusboxerman.com
Joined May 2015
  • Tweets328
  • Following110
  • Followers76
McDonald's tells franchisees they may need to downsize or sell chicagobusiness.com/restaura… via @crainschicago

McDonald's tells franchisees they may need to downsize or sell

The company has earmarked about $40 million in aid for restaurant owners that are in crisis following the COVID-19 lockdown, but it likely won't be enough.

chicagobusiness.com
UPDATED: Franchise Registration States Accommodate An Industry Impacted By Coronavirus via @forbes forbes.com/sites/tonymarks/2…
"Burger King’s parent is giving cash advances and rent deferrals to franchisees" cnbc.com/2020/03/30/burger-k…

Burger King's parent is giving cash advances and rent deferrals to franchisees

Restaurant Brands International is sending cash to franchisees and deferring rents as part of an effort to support its operators amid the coronavirus pandemic.

cnbc.com
Senate Passes CARES Act and DOL Issues Families First Act Guidance tinyurl.com/s2xve9a
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Rent payments can’t simply be wiped out — at least, not without dire repercussions, writes Brian Chappatta. chicagobusiness.com/opinion/…

Rent wipeout could ignite a mortgage crisis

It’s clear that the complex web of financial obligations tied to real estate could again be the flashpoint that leads to a financial crisis without some sort of intervention.

chicagobusiness.com
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Marcus & Boxerman retweeted
QSR magazine@QSRmagazine25 Mar 2020
More than 1,000 domestic Pizza Hut express stores are closed: qsrmagazine.com/finance/yum-…
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Retailers plan to stop paying rent to offset virus-related closures chicagobusiness.com/commerci… via @crainschicago

Retailers plan to stop paying rent to offset virus-related closures

A slew of big chains are in turnaround mode. If they do withhold payments, there would be a ripple effect. Landlords can’t afford to stop collecting rent for long, with many property owners sitting...

chicagobusiness.com
Financial relief coming to quick-service franchisees hammered by coronavirus pandemic nrn.com/quick-service/financ…

Financial relief coming to quick-service franchisees hammered by coronavirus pandemic

Subway, McDonald’s, Yum Brands, Chick-fil-A and Qdoba announce owner-operator relief packages that include deferrals of franchise royalties and rent payments

nrn.com
With plummeting sales, franchisees face a brutal future restaurantbusinessonline.com…

With plummeting sales, franchisees face a brutal future

The coronavirus shock is putting considerable pressure on franchisees large and small, and franchisors are already taking steps to ease the

restaurantbusinessonline.com
Epidemic will cost restaurants $225B short-term, National Restaurant Association says restaurantbusinessonline.com…

Epidemic will cost restaurants $225B short-term, National Restaurant Association says

In a letter requesting $145 billion in direct aid to eating and drinking places, the Association said 5-7 million industry jobs could be

restaurantbusinessonline.com
McDonald’s says it can’t estimate coronavirus impact to its business, it will consider rent deferrals for franchisees cnbc.com/2020/03/17/mcdonald…

McDonald's says it can't estimate coronavirus impact to its business, it will consider rent...

McDonald's said Tuesday it may offer some franchisees rent deferrals as restaurants close or see traffic plunge.

cnbc.com
Marcus & Boxerman has guidance for restaurant and hospitality businesses during the COVID-19 crisis. tinyurl.com/t8qqugn
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Marcus & Boxerman retweeted
QSR magazine@QSRmagazine17 Mar 2020
The chain has already closed dining areas at corporate units: qsrmagazine.com/fast-food/mc…
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Marcus & Boxerman retweeted
QSR magazine@QSRmagazine17 Mar 2020
Three of America's biggest chains are ending dine-in service: qsrmagazine.com/fast-food/mc…
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The Ultimate Challenge for Restaurants: Surviving the Covid-19 Event - Restaurant Industry Insight and Analysis - March 2020 restfinance.com/Restaurant-F…
Starbucks to close some stores, eliminate seating in all others to slow spread of coronavirus seattletimes.com/business/st… via @seattletimes

Starbucks to close some stores, eliminate seating in all others to slow spread of coronavirus

In a bid to slow the spread of the novel coronavirus, Starbucks will temporarily close some of its North American locations and will shift to a "to-go" model at the rest of its more than 10,000 North...

seattletimes.com
In order to combat #COVID19, all bars & restaurants in Illinois will close for on-site consumption, starting at 9 p.m. on Monday, March 16 through March 30. During this time, customers may order food for delivery or takeout.
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Chicago bar and restaurant owners scramble amid unprecedented closing order to stem COVID-19 spread chicagotribune.com/coronavir…

Chicago bar and restaurant owners scramble amid unprecedented closing order to stem COVID-19 spread

Bar and restaurant owners across Illinois lurched into an unprecedented new reality Sunday with mandated closings to dine-in customers for at least two weeks, leaving thousands of small business...

chicagotribune.com
Governor JB Pritzker orders shutdown of all bars and restaurants in Illinois, saying St. Patrick's Day crowds forced his hand: ow.ly/eHA350yMhRA #coronavirus #twill

Pritzker orders shutdown of all bars and restaurants

The governor says St. Patrick's Day reveling forced his hand. Meanwhile, he's also announcing a doubling of federal immigration staff at O'Hare.

chicagobusiness.com
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Pritzker announces all bars, restaurants will be closed Monday night through March 30, delivery and pick-up will be available chicagotribune.com/coronavir…

Pritzker announces all bars, restaurants will be closed Monday night through March 30, delivery and...

Illinois Gov. J.B. Pritzker will order all restaurants and bars across the state to be closed to dine-in customers in a further attempt to curb the coronavirus, effective end of business Monday,...

chicagotribune.com
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