KEY POINTS
- According to the Australian Bureau of Statistics (ABS), as of 30 June 2025 there were 2,729,648 actively trading businesses in the Australian economy, with 994,178 of these businesses employing staff.
- Estampador says he bought an existing cafe for $120,000 AUD in 2018 which he has expanded and rebranded.
- As an advice to would-be restaurateurs, Estampador says to be wary of long-term locked-in leases, given that hospitality changes rapidly.
Restaurant owner Elbert Estampador Credit: Halaya Melbourne IG page
Be prepared to sacrifice your time. Put in the work. Kung ano ang ilagay, yun ang makukuha mo. Huwag ka matakot magkamali, as long as you learn from it. Kapag ginawa mo ang homework mo, there's no reason you won't succeed.Elby Estampador, Restaurateur
Disclaimer: This podcast is for general information only. For specific financial advice, you should consider seeking independent business, legal, financial, taxation or other advice to check how the information here relates to your unique circumstances.
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