Mate, I would have thought that the GFC would be less of an impact on cafes than the every-day rigors of th e cost of doing business. People still need to eat and courtesy of the Aussie mining boom (love it or hate it) Joe Average still has money to spend. The GFC was a massive liquidity crisis driven by the writing/underwriting/selling of bad and doubtful debts. I don't think cafes can blame the GFC entirely for a downturn in business unless the owner is margin called for NTA rebalance or some such. The cafes I patronize albeit infrequently due to my lifestyle of having great coffee at home, are seemingly always busy and the one cafe in my area that closed down was reopened within a month and is going gangbusters! They do coffee, cackles and Pizza and it is superb food, quite decent coffee and tough to get a table on Thursday night or any time on the weekend. What are you seeing with your business causing you to attribute negitive GFC factors? There are some incredible resource people here on this forum. Perhaps pick up the phone and have a chat to a couple of our prominent sponsors? Or... Perhaps you are doing brilliantly and want to share your success? It's hard to gauge how to reply from your post, but it's an interesting topic! :thumb:
