My main concern and why I started this is because lockdown happened I had a big fear of places closing down, especially pubs, galleries, shops and restaurants - and that can create loneliness more.
"Unfortunately, just like so many others, we were hit very hard after COVID for a variety of things, and we just weren't in a position to make it work financially anymore."
There is no easy way to say this. Revel Bikes as it currently stands is closing its doors. Regrettably, though we have tried every avenue possible, we have exhausted all options and run out of funds to support the business. This decision comes at a critical juncture for our capital requirements, and we cannot weather this one alone.
"The rate of multifamily delinquencies currently stands at under 1%, but it is at levels above the 2008 recession. However, there is a big difference between apartment lending and homeowners who have a 30-year fixed-rate mortgage."
"I have a lot of return customers, and what I hear from them is, 'We used to come every year, but we can't afford to. Now we come every other year, or we come every three years.' They just can't afford to," said Joan Channon, owner of the Bamboo Restaurant and Gallery.
"We can spend that money on what the public expects to spend it on, which is great costumes, great performance, great artists and trying to showcase Britain's art form on stage."