If you have ever been in downtown Savannah, then you have surely passed the Moon River Brewery. Located right on Bay St, it is one of my favorite places to grab a beer and some food because of their pet-friendly patio.
But like most of the city right now, the restaurant is struggling to deal with the fallout from COVID. Fewer customers mean less revenue, which in turn impacts their ability to pay their employees and their rent.
Michael Kistler, president of Development Associates, Inc. talks about how he is dealing with the impact of COVID as the landlord for Moon River Brewery
Kistler said when interviewed by WJCL 22 “There’s no easy solution to it. The longer it lasts the tougher it will be to keep all the ball in the air. Property taxes don’t stop, insurance doesn’t stop, maintenance doesn’t stop.”
One thing to take away as a landlord in Savannah is that he found a way to work with his tenant to ensure that they are able to keep operating and still pay something towards the rent. In this situation, they pay a percentage of the sales, which is far less than what is in the lease agreement.