For example, in 2020, the number of private sector establishments that were less than a year old numbered 804,398. Second-year businesses totaled 500,325, and the number continues to decrease for each additional year.
Those figures, combined with a revenue-killing global pandemic, make survival after one year even more improbable, according to expert sources.
A June report from the National Bureau of Economic Statistics found that due to COVID-19 restrictions and mandates, the number of small businesses in the U.S fell from 15 million in February to 11.5 million in April, which represents a 22% drop. The report cites that two-month shift as the largest drop on record.
Even though New Braunfels has not been immune to these conditions, here are five local businesses that have recently celebrated one year in business, either outright or at a new location.
7 Monk’s Cafe, located at 494 N. Seguin Ave., New Braunfels, celebrated its first anniversary at that address at the end of October. The Indian-style cafe features fresh, made-to-order Indian cuisine. The restaurant was previously located at 540 S. Castell Ave., New Braunfels. 830-302-0234. www.7monkscafe.com
Nothing Bundt Cakes, located in the Creekside Shopping Center at 161 Creekside Way, Ste. 602, New Braunfels, celebrated its first anniversary Nov. 8. The business sells readily available cakes made with real butter, eggs and cream cheese. 830-241-1002. www.nothingbundtcakes.com
The Refinery Spa, located at 177 S. Seguin Ave., New Braunfels, celebrated its first anniversary in October. The business strives to promote products services that get healing results, and it features a variety of salon experiences, from haircuts and coloring to facials, lash extensions and waxing. 830-632-5452. www.therefineryspa.com
Sapphire Creek Dental, located at the Oak Run Point shopping center at 2180 Hwy. 46, Ste. 106, New Braunfels, celebrated its first anniversary Oct. 7. A representative for Sapphire Creek Dental said the practice continues to accept new patients and is still following safety protocols related to the COVID-19 pandemic. The business provides modern dental care and services, such as orthodontics and oral surgery. 830-500-5951. www.sapphirecreekdental.com
Stave Beer and Wine House, located at 540 S. Castell Ave., New Braunfels, celebrated its first anniversary Nov. 14. The combination beer and wine bar offers a selection of premium, local and seasonal draught beers and wines. On Oct. 14, Stave announced via a Facebook video that it would be reopening for dine-in service at 50% capacity due to recent Comal County orders that allow certain establishments to do so. 830-632-5746. www.stavehousenb.com