9-11 was truly awful, and yet people bought franchises. Often because they had an epiphany about how they wanted to live their lives.
The complete economic meltdown of 2008 and 2009 had us wondering if we'd ever normalize. Certainly no one was buying a franchise....oh yeah, they bought just about as much as other years.
People bought franchises (in today's current format) during Viet Nam, the 1960's, the hyper inflation & economic misery of the 1970's, the Gulf Wars, Oil embargoes, etc. Perspective matters and "starting from scratch" when this is over isn't necessary.
Entrepreneurs aren't viewing this pandemic as permanent, because it isn't. It will pass and when it does, there will be $4 to $6 Trillion of new capital being pumped into our world. (A trillion has 12 zeros-that's a lot of money!)