I currently operate a 45 cover cafe in the Devon area that I have owned since 2016 - so coming up for 10 years.
It’s been hard work building up the business but we had some great success in the first few years until COVID struck - and then we had to adapt our business model and offer.
Seems ever since COVID, we have not really recovered as a business and our turnover is no where near where it used to be. We are on all the food platforms and this generates about 60% of our business (but I’m finding I’m paying a lot more to these operators for using the platforms…. But without them I’d be out of business!!)
When I opened, I had no other cafes in the local area, I now have 3, it’s hard to increase pricing when I’m in competition with others. The cost of stock is increasing as are business and utilities rates. I also own the freehold to the premises which includes the 3 bed flat upstairs that I rent out. At my peak, I employed 6 staff excluding me, I’m now down to 3 including me - and we are trading the same hours - it’s tough but I simply cannot afford.
I don’t really want to sell up as this is my passion and I’ve tried everything to make it work but I’m not sure what else I can do.
Any one been through this?