Recent Food Business Openings in Waterford
Recent Food Business Openings in Waterford

Recent Food Business Openings in Waterford

Staying Afloat

It is difficult to ignore that there were a significant amount of closures in the hospitality sector by the end of 2023. These may be down to a number of factors, such as rising rents and the reinstatement of the Hospitality and Tourism VAT rate to 13.5% from 9% (which we’re sure hasn’t helped any small or medium business!).

According to Una Mullally in the Irish Times, it is not just badly managed or badly marketed food businesses that are closing during this period but “excellent places are also closing, and more will fall” (Jan 8, 2024). Mullally predicts that this could be due to the Revenue deadline set for paying back tax debt, which is looming for May 1st 2024. Many hospitality businesses had to avail of this ‘lock-down lifeline’ tax exemption offered by Revenue during the COVID pandemic in order to just keep their businesses afloat.

We’re hoping the Government will reduce the VAT rate to 9% to help struggling businesses so these predictions don’t come to pass. And we’re keen to highlight that there’s been some NEW openings in Waterford City and County over the last few months, check out our recently updated ‘Open For Business’ List below…

Open For Business

Wine Bar Waterford City
Adega Wine Bar in the Medieval Quarter

We’re certain these business owners will be glad to see you so do your best to support them- browse their websites, view their food offerings, and book a table or buy from them. Follow them on their socials too for updates, menus and opening hours etc..

NOTE: If you are set to open a new food business, due to launch a food product or know of any other new business openings; please drop us an email and we’ll update and add to this article: tastefulthinkingdigital@gmail.com

WE’RE ALWAYS HAPPY TO SHARE ANY GOOD FOOD NEWS!

Sunny South Yeast Bakery & Catering

Menu Options from Bún Chả Journey
The Engine House Bar & Restaurant Menu