Since 1978 the economy has experienced several recessionary periods, and National Franchise Sales (NFS) and their clients have not only weathered them successfully, but gone on to flourish. As with past downturns we look with anticipation to the inevitable return of a more normalized economy, and continuation of prosperity for the restaurant industry. During this tumultuous economic stretch, NFS has maintained uninterrupted service to our clients, pivoting to a remote model with Advisors and staff collaborating with clients via Zoom meetings and continuing to attend restaurant transfers to support both buyers and sellers. NFS continues to counsel franchisees on the state of the market via direct contact, informational articles, sponsorship of virtual conferences and participation in webinars such as Insight on the Restaurant Deal Climate this past fall. National Franchise Sales continues to complete a strong stream of franchise restaurant resales and is proud to be making a difference in the lives of our clients like never before. Relying on NFS professionals for analysis, many franchisees are seeing this time as an opportunity to right-size operations. Our thoughts are with those affected by the virus and we look forward to sharing in the brighter times when they arrive. In the meantime, as always, National Franchise Sales is here to assist with acquisitions, divestitures, analysis and information - please do not hesitate to call if you have questions.