‘Not worth battling on’: Popular Brisbane restaurant and bar closes due to financial pressure
A popular bar and restaurant in Brisbane is shutting down, citing financial pressures in the aftermath of the Covid pandemic.
A popular bar and restaurant in Brisbane is shutting down, citing financial pressures in the aftermath of the Covid pandemic.
The Matriarch, located in the riverside suburb Newstead, announced that it was closing down in a social media post on Monday night.
“After an amazing and difficult five years, we have decided to cease trading after Sunday, the ninth of June,” the French-inspired venue said.
“The past five years have been an experience that we will never forget, however Covid needed a lot of fight, and the current financial crisis is one fight too many.
“It is with a heavy heart that we have decided not to renew our lease and to close our business. We thank you for your ongoing support and wish you all the best.”
The restaurant invited patrons to make a reservation before its closure, adding that it “would love to say one last goodbye”.
Speaking to The Courier-Mail, Mathew Dewacht – chef and co-owner of The Matriarch – explained that revenue had “dried up”.
“We are not forced to close, we just made the decision can we can’t mentally battle through basically another Covid, another economic crisis,” Mr Dewacht said.
“This is exactly the same feeling as Covid. The revenue dried up, customers not coming in.
“The exhaustion level, it’s not worth battling on again, to leave without being forced to like some other businesses, who are going bankrupt.
“All businesses during Covid suffered quite a lot and we decided once we got through Covid we could reinvest. But the investment isn’t worth it in the recent economy.”
Mr Dewacht said the business’s labour costs were “massive”.
“I don’t think people take into account penalty rates,” he said.
“It might be (the) $24 minimum wage. And on Saturday $40 (for someone) who works casually and delivers coffees to tables.
“When (our) main trade is on weekends that is a huge expense. Our labour costs equal 35 per cent of our expenses.
“There needs to be more government focus on small business and it needs to be fair across the board. We have one restaurant and we are paying more labour costs than some of the big boys.”
He revealed that The Matriarch’s owners had decided to sell a year ago, but had been unable to find a buyer. Hence the choice to close.
A deluge of customers voiced their sadness in response to the business’s post.
“Sad news. Good luck for the future,” said Karen Flynn.
“Sorry to hear this news. All the best for your next chapter,” said Mary-Ann Strelow.
“One of the best places I have been to for dinner and high tea. So sad to see you leave, but all the best,” wrote Cathy Griffin.
“Oh, so sad. I had my fiftieth there, such a fabulous night. Wish you all the very best,” said Caroline Ritchie.
“That’s so sad. It’s a beautiful establishment,” said Cynthia Lim.
Multiple patrons recalled their joyful experiences at the venue.
“I think I have celebrated my birthday a number of times with you, and (have experienced) at least two or three of the fantastic Christmas high teas,” said Maria Louise.
“Thank you for all the fabulous food and celebrations over the years. You were a breath of fresh air in Brisbane, and that’s why we kept coming back.
“Best wishes to all your staff and crew. There’s still people that, despite everything, are still trying to support local business. Thank you.”
“I am so sad to hear this,” said Mary St Ledger.
“I only made it once to your beautiful restaurant. I have wanted to come so many times and would dearly love to come before you close, but I have a broken ankle.
“So very sad to see you go. Best wishes for your future.”
“What a shame you are closing,” wrote Sue James.
“You saved us, and we had a beautiful bridal shower for my daughter with you when the Kookaburra Queen ceased trading.
“Great memories of the day.”
“I had my bridal shower here and it was absolutely wonderful. So sad to see it close,” added Tara George.
Rebekka Bradley, meanwhile, managed to add a touch of levity to the sad mood: “Any chance of sharing the coronation chicken sandwich recipe?”