Wednesday, June 16, 2021

Iowa restaurant selling for $1 because of coronavirus challenges

Must Read

Astım Tedavisinde Ailelerin Kortizon Korkusu

Baharın gelmesiyle birlikte parfüm kullanımında artış görülüyor. Ancak astım hastalarının dikkatli olmalarında fayda var; çünkü parfümlerin çoğu güvenli...

Alerjik Hastalıklara Kesin Çözüm

Kortizon deyince tedavisinden ziyade yan etkileri akla geliyor. Ancak alerjik bronşit ya da diğer adıyla astım ataklarının önlenmesinde...

Alerjik Hastalıklara Kesin Çözüm

Alerji; insanın savunma sisteminin genellikle zararsız maddelere karşı verdiği abartılı tepkidir ve genellikle çocukluk çağında başlayarak uzun yıllar, hatta...
- Advertisement -

Originally Published by:

- Advertisement -

iowa restaurant selling for 1 because of coronavirus challenges 601c622cf1796 Price of parmesan cheese may surge in 2021, experts warn Pizza critics slam Connecticut for trying to become the pie state: ‘New York is the pizza capital’ McDonald’s expands loyalty program test before national launch

A restaurant owner in Iowa is selling his eatery for just $1 after a difficult year because of the coronavirus pandemic.

Li Zhang told Fox News over email that his restaurant and karaoke bar Lark & Owl in Iowa City has suffered huge losses over the last year and Zhang himself is “carrying a huge rent debt.” 

Though he’s already heard from several people interested in taking over the restaurant for just $1, he said they’ve all been hesitant about how expensive the rent is.

According to The Gazette, which first reported the story, Lark & Owl’s rent is $5,000 a month — which doesn’t include any of the other expenses the restaurant has to pay such as payroll. 

Despite the high expenses, the restaurant hasn’t made a profit since the pandemic hit the U.S., the newspaper reported. 

Lark & Owl was dependent on its karaoke room, which has been closed because of the pandemic. Delivery and takeout haven’t been able to make up the difference, according to The Gazette.

Zhang first opened Lark & Owl in August 2019, according to The Gazette. He also owns another restaurant in Iowa City called JiangHu Asian Street Food. 

That restaurant — which Zhang opened in 2018 — has received a bit more community support during the pandemic and has been able to break even regularly.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Astım Tedavisinde Ailelerin Kortizon Korkusu

Baharın gelmesiyle birlikte parfüm kullanımında artış görülüyor. Ancak astım hastalarının dikkatli olmalarında fayda var; çünkü parfümlerin çoğu güvenli...

More Articles Like This