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if want to open a cai png stall in SG...need how much start up capital?
- Thread starter peacock
- Start date
It's always good to be your own boss, whether makan or coffee/tea stall.
Please make sure you clear your cc debt first before you get into more debt......
the jurong west there the market 2 meat 2 veg 3.20...everyday long queue...one day at least got 200 plate/pax sold
but i scare cannot find workers only lor
U only scare cannot find workers not scare no business?
Pay decent salary sure have workers.
Just to hazard a guess.....probably between 50k to 80k.
u must OWNed the place ,
if it is on rental sure to pack up sooner or later
owner/land lord has the knack of asking for more at their whims and fancy.
to increase rental purely out of greed
particularly when your business is good , the owner will come to talk to u about the ransom.
scums running High Density Building and Japan Traitor Corp , etc are good example
of how rental have been increasing .
ask those operating a store in any hawker centres , they got many tales to tell.
if it is on rental sure to pack up sooner or later
owner/land lord has the knack of asking for more at their whims and fancy.
to increase rental purely out of greed
particularly when your business is good , the owner will come to talk to u about the ransom.
scums running High Density Building and Japan Traitor Corp , etc are good example
of how rental have been increasing .
ask those operating a store in any hawker centres , they got many tales to tell.
If TS is able to owned the place, I am sure TS won't be here to ask about startup cai png stall Liao.
who is going to be your chef/cook? have to prepare at least 20 different dishes every morning.
Not so easy, Bro.
Imagine for every plate sold at $3.00 owner makes $1.00 after deducting rental, raw materials and existing manpower, if you bring in one more staff now and pay him $1,500 per month, you have to sell another 1,500 plates to cover the cost of the new staff. After that, you can think of making money.
And you can't be getting 1,500 plates per staff everyday. One day of poor business will wipe out profits for 3 days of good business because there is still rental, raw materials and staff per dollar per day to pay, regardless of good or poor business.
As a result, owner himself must get involved to earn the salary of one employee.
that's why I thinking of hiring one JB kia as cook
Yeah that's the problem with rental payment and manpower.
Last year I did a roi for a restaurant business buy over on paper look promising but that is provided everyday hit target. One day off or no business also backside peek char.
Blame it on the high rental cost. If the shop space belongs to me is a totally different game.
Hi choot, Was the review for yourself, I mean the study and roi
Yes when I self terminated my job last yr I have a opportunity to buy over a small restaurant from someone who is emigrating.i check the owners accounts and also do secret premises patrons count. Looks very promising to me although will be hard works.
But my decision was due to overcoming the rental and manpower cost as well. The risk is too high for people that cannot withstand a non operation of 1 month, I will end in bed ok reservoir.
ok even if you have settled the cooking part, you have to worry about the price point and food quality.
if food is good but not cheap, you attract the PMETs and generally the white collar crowd.
if food is cheap but not good, you attract the foreign workers and generally the blue collar crowd.
you have to strike a balance of nice tasting food at affordable prices to attract everyone.
and that is how your cai png stall can succeed.
Assume he sells 200 plate average per day ...$640 in daily revenue. His cost of goods ...50 percent ...he makes only $320 ...still got overheads to pay. He pays himself nothing?
Hi, thought I share. Regardless of whether you set up cai png, cher zar stalls or even a bistro, your concerns have to be your prime cost, i.e., your cost of goods plus labour. Generally in the F&B industry, prime cost should be 60-65%, not including other operating expenses such as rental & utilities. Wishing you the best in your venture.
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