Displaying items by tag: Beltline Bar
Jeff Lobdell’s portfolio of restaurants took a nearly 40-percent hit to its top line revenue during a COVID-19 pandemic-rattled 2020 that took a hefty toll on the hospitality industry.
With already thin profit margins, dine-in restaurants have faced the brunt of COVID-19 restrictions in Michigan, and many won’t emerge on the other side. Some owners — including Jeff Lobdell, president of Restaurant Partners Management Inc. — feel their businesses have been unfairly targeted as state officials sought to stem the surge of cases over the past month. Lobdell owns restaurants across the state, including several in the Grand Rapids area like Bagel Beanery, Sundance Grill & Bar, Beltline Bar, The Omelette Shoppe, Rockwell Republic and Noble Restaurant. Lobdell started the year operating 20 restaurants, nearly half of which have closed at least temporarily.
Facing limited capacity and modified business models, restaurants in every segment are looking for all possible ways to whittle down costs.