The COVID-19 pandemic has drastically altered our environment and put a great deal of stress on many businesses including our own. Our landlord presented us with an unexpected but mutually beneficial opportunity to vacate these properties. Given the current economic conditions and uncertain future, we have decided to exercise this option and return the property to our landlord, the post reads.
It goes on to say: We want to thank our valued Guests and team members for their loyalty and support during these unprecedented times. To the local community and all our valued partners we sincerely thank you for the last 10 years and we will miss you.
We need the province to release the provincial regulations that outline the details on how to get this done as soon as possible. The clock is literally ticking.
Coun. Kristyn Wong-Tam, who represents Toronto Centre, says: Over the past year, what we ve seen is an alarming number of businesses literally collapse due to the financial hardship of people being asked to stay home because it s unsafe for them to go out. (CBC)
One in six small businesses in Canada will potentially close because of the pandemic, according to a survey by the Canadian Federation of Independent Business.
Main streets are feeling the financial crunch, Wong-Tam said.