In The News Why are so many busy Irish restaurants shutting down?
7 snips
Aug 28, 2024 In this discussion, restaurateurs Vanessa Murphy and Anna Cabrera delve into the crisis gripping Ireland's restaurant scene. They reveal the surprising number of closures, despite bustling dining rooms, underscoring financial pressures and rising costs. Murphy highlights the urgent need for tax relief, while Cabrera shares adaptive strategies for survival amidst changing consumer behaviors. They also touch on the push for sustainable practices and the emerging culinary innovations shaping Ireland's food landscape.
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Daily Cost Audits Keep Small Restaurants Afloat
- Vanessa Murphy describes auditing every overhead line daily to keep Tapas de Lola afloat.
- She says the business must find an extra €65,000 in one year after VAT and other worker-cost increases.
Lobby For VAT Relief And Adapt Operations
- Push for a VAT reduction is a short-term fix but other measures take years to work.
- Restaurateurs should campaign collectively while adapting operations to survive the next five years.
Middle-Tier Restaurants Are The Biggest Casualties
- Karina Hargrave says the middle-tier restaurants are suffering most post-pandemic.
- She links changes in work patterns, lost lunch and after-work crowds, and shifted customer behaviour to that decline.