The Night-Time Industries Association (NTIA) also recently conducted a survey of its 361 members which found almost three quarters (71%) of businesses are set to make half their workforce redundant in a matter of weeks.
More than half (58%) stated they would be unable to survive longer than two months without further Government aid.
Of the businesses that have been able to reopen and repurposed 69% have become a bar/pub environment.
This comes after new figures from the Office of National Statistics (ONS) found a drop in employment of 695,000 jobs since March this year.
NTIA CEO Michael Kill said: “While these unemployment figures are harrowing, they come as no surprise.
“The night-time economy has been hugely damaged by the coronavirus pandemic and is on the brink of collapse and an onslaught of redundancies.
“The end of the furlough scheme is fast approaching and our industry is one of the few without a ‘road map’ to reopening or sector-specific support.
“The end of the Coronavirus Job Retention Scheme will come as the final blow to thousands of businesses struggling for survival."
Kill added: “We are reaching a critical point and without decisive and comprehensive action from the Government, businesses will be forced to make tough decisions about their futures and those of their staff.”
This comes after a plethora of voices in the trade also warned about the number of job losses in the sector once the furlough scheme ends.
The British Beer & Pub Association (BBPA) urged the Government to provide further financial support for the sector to save pub jobs.
Chartered Institute of Personnel and Development senior labour market adviser Gerwyn Davies told The Morning Advertiser: “I wouldn't want to put a figure on it but it's clear there will be a spike in redundancies, which will be heavily concentrated in sectors that are more reliant on the CJRS and others and hospitality is one of those.”