Amid the cost-of-living crisis, cafe owners Jennibey and Donald Tenorio have chosen to absorb delivery surcharges rather than passing them on to customers of their four-year-old business in Wollongong, regional New South Wales.
Key Points
- According to Statista, annual revenue for food retail in Australia showed consistent growth from 2020 to 2023, increasing from 151.55 billion AUD to 168.45 billion AUD.
- The Tenorios invested upwards of $50,000 AUD into their beachfront business, 'Towradgi Beach Eatery by 10Orio Kitchen', which came fully fitted with equipment.
- Offering advice to would-be entrepreneurs, Jennibey emphasizes that it is critical to be open to criticism and feedback, as these are vital tools for improvement.
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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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