somewhereintime

The rent and Triple net alone costs  over $1,000 a day
Just assume:
$4,000 x 30 Days = $120,000
Rent + Triple Net:  $25,000
Cost Of Goods Sold:  35% = $42,000
Labour Cost: 32% = $38,400
Utililies:  $5,000
Overhead:  $6,000
LOAN PAYMENT: $450,000(Principle) x 15%(Interest) x 5 Years, Monthly payment: $22,500
That is only part of the major cost, if someone do only $4,000 sales a day, the restaurant
would incur - $17,500 lost every month($210,000 annually) for 5 years, is it a dream or nightmare?
The very minute you sign the lease, you are signing a $1,200,000 loan from
the landlord, and usually the lease is personal guaranteed, so say bye to your house

Catpiano

$4k sale a day, or $10K a day ..

doesn't matter and doesn't show how much profit la....

If $4k/day, but only ~ $3K overhead, then good profit ..

If $10K/day, but $10k overhead per day .. then eat banana la..

Simple math and common sense ..

Well, by the way, we all know lots of restaurant with $10K/day sale wor .. (not Donal or Timmy )  some small group ,meal, over $10K la.. (~ 30 heads with drinks)

By the way, I think we all know MacDonald doesn't make money anymore ..   should use TIM HORTON as example .. most profitable fastfood in Canada.

^_^

somewhereintime

The New Forum Abalone restaurant in TST Kowloon,
5 new menus,  HK$2,888 per person

MoiRhapsody

CP, it is not enough.
that's DOWNTOWN Vancouver.

somewhereintime

24# MoiRhapsody

A  600  sq. ft  Foodcourt space at Waterfront hotel  pays  $12,000 rent per month,
guest how much  daily sales required to achieve break-even point?
That is just food court.
The large space on Robson at Burrard where the Nikko used to be,
the rent is $45,000 per month.

MoiRhapsody

嗰個位吉左好多年...根本冇人食得落咁大個場........
另外對面tsunami付近幾間大鋪都吉左好耐，
經濟好轉？？
未敢樂觀。

MoiRhapsody

12000蚊租，
一日三百幾，
最少要1.2K一日.

45000蚊租，
一日千五租
一日9K走唔甩。

somewhereintime

26# MoiRhapsody

The landlord tried to turn it into a multi-units  mini food court, but the huge kitchen is a problem.
And the landlord is not willing to spend money either, so just let it rotten