Gubb told Newstalk ZB Wellington Mornings host Nick Mills that she has started thinking over the past few months about whether to call time on the shop.
"We're lucky that we have the choice because obviously if we were young and we had a mortgage and we were building ourselves up, we wouldn't have that option."
"I'm prepared to wait another year to see what happens but if it stays like this, we're definitely not going to hang around."
Gubb said she sometimes dreamed of working for someone else, having holidays, and weekends off, instead of jumping through small business owner "compliance hoops".
She said business hasn't been above 70 per cent of what it was pre-Covid and people coming back into the city to work was a bottom line for many retailers and lunch places.
Gubb said she felt the Government has "no idea" what it was like to be on the street-front and Wellington City Council was "useless, living in a la la land".