New Jersey restaurant owner Chris Clayton told CNBC on Friday that giving businesses the green light to reopen during the coronavirus pandemic does not guarantee their survival.
“Open is a four-letter word,” Clayton said on “Squawk Alley.” “Just being open doesn’t mean that you’re not going to go under. You need to be open enough, especially for businesses that are ready to do volume, to make it worth it.”
Clayton is the owner and operator of Margate Dairy Bar & Burger in Margate City, southwest of Atlantic City on the Jersey Shore. Beaches in New Jersey are allowed to open for Memorial Day weekend, with social distancing and other restrictions in place, and nonessential retailers…