Peugeot at De Garden has relocated to Jalan Tun Razak, according to a small paper notice they placed on the entrance door of the shop there. Apparently they have moved already on the 1st March. No wonder there is no more Peugeot cars parking outside their shop anymore. This means many more parking spaces at De Garden, which is good 😉
Lately there were more and more car shops along the north end of Jalan Sultan Azlan Shah. Mazda, Proton, followed by Peugeot, VW and Renault. Interestingly Peugeot decided to relocate after just a year and a half.
Our business just managed to beat the first week of March last year in terms of revenue. Business has not been great, starting from second half of last year, if we compare revenue year-on-year. But interestingly business seems to be picking up again in March.
Just heard from a supplier that Up & Up Restaurant in Ipoh Garden East is losing money. We have dined there twice, I think, within the first two or three months after they open business. They had a good crowd on both times we were there. But apparently business has slipped since. Their overhead is high, with lots of workers (over 20 of them?). Probably inevitable in restaurant business. It is difficult to gauge when you are going to have lots of hungry customers turned up on your door steps.
Anyway it is most important for our business to stay in the black, and maintain a healthy cash flow, at least until the economy turns the corner. If we can do just that then our business is definitely here to stay.
Read my blog post six years ago on the very first ultrasound scan of my baby. Wife had another few days ago on our second baby, six years later. I couldn’t remember that there were actually quite a few details there. My memory is certainly not getting any better by the day. It is a brilliant idea that I blog every now and then. I think I will enjoy reading it again when I’m older.
The foetus this time was actually only 5cm at two days shy of twelve weeks. Whereas the first one was 6.1cm at twelve-and-a-half weeks. In any case I was still fascinated by how fully formed the tiny foetus was. Again I was relief that the foetus looked healthy. Sense of deja vu, but only when I was reminded by my blog post LOL. We decided not to find out about the sex of our baby this time round. Should be fun 🙂
Saw on Facebook that this cafe has packed up shop after Chinese New Year, and the owner is trying to sell off various things in the shop, if not the business itself. Was initially interested in the coffee machine and the deep freezers. But I don’t suppose these are absolute necessities for our business at the moment so I would rather keep our cash. In difficult times like this cash is king. In fact I am thinking of raising some working capital for our business. But need to get our second year financial account audited and filed first. Without at least two years financial history the banks won’t look at our application.
Back to Something’s Brewing. It is a cafe that serves various types of tea, e.g. fruit tea. I haven’t been there before, but it is similar to the one in De Garden, Tea & Tattle. In fact Tea & Tattle is a result of a business partnership break up in Something’s Brewing some time ago. I’m not sure if I enjoy drinking such tea, as I’m more the traditional black tea with milk type of drinker. It is hard to tell whether Something’s Brewing would survive if there is not a Tea & Tattle that tries to compete for the same pie. It is a niche market, which is fine. But it does look like the market is so small that it can’t sustain both cafes. We’ll see if Tea & Tattle can survive in the long run. They do have a unique offering, I think, but customer base takes a long time to build. Unlike coffee drinking which is heavily marketed around the world, fruit tea is relatively unknown here. If you haven’t a big marketing budget then you can only build your market up organically. And you need to prepare yourself for competition. And that is not just from potentially new tea drinking cafes… It is a tough business. It really baffles me why so many entrepreneurs still try to get into the cafe business.