Mar 10 2013, 01:36 PM
QUOTE(joeblows @ Mar 10 2013, 12:35 PM)
10M, monthly mortgage service will be in the region of 50K-60K just on servicing bank loan.
That means monthly revenue the shop will need to generate is easily 200K/month just to only break even (assuming margin of 30% ex-rental).
Means you roughly need sales of RM7K each and every day, rain or shine, weekend, weekday or public holiday, just to cover your costs.
Sounds like a great idea....not really.
Or roughly RM600 per hour, assuming they are operating from 10am - 10pm (12 hours).That means monthly revenue the shop will need to generate is easily 200K/month just to only break even (assuming margin of 30% ex-rental).
Means you roughly need sales of RM7K each and every day, rain or shine, weekend, weekday or public holiday, just to cover your costs.
Sounds like a great idea....not really.
Or RM10 per minute, just to break even.
I would love to learn what kind of business that could give me this kind of revenue.
I was queuing at Chatime before and they definitely take more than one minute to serve one customer and each customer would probably place an order of only RM5.90 each. Perhaps some customers place more order but to be able to get this kind of revenue consistently throughout a day definitely need a different kind of business model.
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