William Monaghan, the owner of One Society eatery in Dublin, fulfilled his life-long dream of owning a restaurant in 2018. Despite his passion for the business, rising costs coupled with lower footfall have made it challenging to keep the restaurant afloat. In a bold move, William opened a second outlet in the hopes of balancing out the quieter periods. However, the overall situation remains uncertain, with calls for government assistance growing louder.
The hospitality industry as a whole is facing immense struggles, with high costs, closures, and insolvencies on the rise. Despite some government support initiatives, many small businesses are still struggling to survive. The recent march to Leinster House by owners and workers from various sectors highlighted the urgent need for action.
The future of the hospitality industry remains uncertain, with challenges like VAT rates, minimum wage increases, and high operating costs compounding the struggle. As the industry faces unprecedented challenges, the call for government support and recognition in manifestos becomes increasingly crucial for the survival of small businesses in the sector.
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