SEBRAE Poll: Seven Percent of Brazil’s Bars and Restaurants Closed Due to Pandemic
RIO DE JANEIRO, BRAZIL – A survey conducted by the Brazilian Service of Support to Micro and Small Companies (SEBRAE) shows that 6.7 percent of bar and restaurant owners decided to close their businesses permanently as a result of the crisis triggered by the Covid-19 pandemic.
The survey, released yesterday, August 28th, was conducted by the Brazilian Association of Bars and Restaurants (ABRASEL) and by SEBRAE.
A total of 1,191 bars, restaurants, cafeterias, snack bars, bakeries, pizzerias, and ice-cream parlors entrepreneurs from 26 states and the Federal District were interviewed.
Among respondents, 39 percent are individual micro-entrepreneurs (MEI); 58 percent are small businesses; and three percent are owners of medium or large companies.
According to the survey, 92 percent of companies in the sector had a drop in revenue. Only 4.5 percent of bar and restaurant owners said they had increased their income during the pandemic period.
“The data are important guidelines that point out the difficulties faced by the catering business. Without a doubt it is among the most impacted sectors by the pandemic and with great obstacles for a resumption”, highlighted SEBRAE’s superintendent Afonso Maria Rocha.
According to the survey, 18.5 percent of bar and restaurant owners interviewed were forced to dismiss employees in the pandemic. The survey shows that 50.8 percent of entrepreneurs interviewed have debts in arrears; 25.5 percent have debts, but are up to date; and 23.7 percent have no debts.
Source: Agência Brasil
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