The Cheesecake Factory won't make April rent after coronavirus impacts to-go ...

The Cheesecake Factory will not make its April rent because 'the coronavirus forced several of its locations to close and now the chain is barely surviving on delivery and to-go orders' The Cheesecake Factory has alerted its landlords that it won't make the April rent because of the impacts of the coronavirus on the national restaurant chain A letter from David Overton, chairman, founder and CEO of the company which owns and operates 294 restaurants, was sent to landlords Overton says the chain was forced to close an undisclosed number of locations as communities took measures to slow and contain the spread of the virus While other locations were allowed to keep delivery and to-go orders, those efforts were unable to prevent cash flow problems from reduced traffic  Other companies that have also said they cannot make the rent or are negotiating with landlords include H&M, Mattress Firm and Subway   Coronavirus symptoms: what are they and should you see a doctor?

By Ralph R. Ortega For Dailymail.com

Published: 20:53 GMT, 26 March 2020 | Updated: 23:40 GMT, 26 March 2020

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The Cheesecake Factory, a popular US restaurant chain, has informed its landlords that it won't make the April rent because of the coronavirus outbreak.

A letter from David Overton, chairman, founder and CEO of the company which owns and operates 294 restaurants, put landlords on notice that there won't be rent payments made in April.

Overton explains in the letter sent earlier this month that the Calabasas, California,-based chain was forced to close locations as health officials made efforts to slow the spread of the deadly flu-like virus, also known as COVID-19.

The Cheesecake Factory, a popular US restaurant chain, has informed its landlords that it won't make the April rent because of the coronavirus outbreak. Pictured is The Cheesecake Factory location in Hackensack, New Jersey

The Cheesecake Factory, a popular US restaurant chain, has informed its landlords that it won't make the April rent because of the coronavirus outbreak. Pictured is The Cheesecake Factory location in Hackensack, New Jersey

David Overton, chairman, founder and CEO of the company, says the chain was forced to close locations because of the virus and that other restaurants that stayed open were reduced to delivery and to-go orders (pictured)

David Overton, chairman, founder and CEO of the company, says the chain was forced to close locations because of the virus and that other restaurants that stayed open were reduced to delivery and to-go orders (pictured)

Overton (pictured) did not say how many restaurants were closed as efforts were made by health officials across the country to contain the deadly outbreak. Slower restaurant traffic resulting from the outbreak was blamed by the founder for cash flow problems

Overton (pictured) did not say how many restaurants

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