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.