[Photos by Steven]
Fine-Tune Brows shut down a few weeks back here on Ninth Street between First Avenue and Second Avenue.
The salon, which opened in 2017, had grown a steady client base... one of whom left behind an RIP message outside...
Unfortunately, we can likely expect more closings like this in the weeks and months ahead. A new report issued by the Partnership for New York City finds that one-third of the city's 230,000 small businesses may never reopen post pandemic.
As the Post reported:
Most small businesses have less than three months worth of cash reserves — a period equal to the length of the state's COVID-19 shutdown.
"That means that funds to restart, pay back rent and buy inventory are exhausted, leaving tens of thousands of entrepreneurs at risk, particularly business owners of color," authors Kathryn Wylde and Natasha Avanessians wrote.
They say business owners face high rents, regulatory burdens and taxes.
In addition, the report projects that only 40 percent of Manhattan office workers will return by year's end with an estimated 75 percent expected to return full time in the future.
You can find all the grim results in the 67-page report here.