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how much required to starts cafe or eating house biz?

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how much required to starts cafe or eating house biz?

Postby sundazz » Thu, 17 Aug 2006 2:08 pm

I have a passion to set up a cafe or eating house.
any biz expats or experts here can advise how much is needed to start up such biz?
hopefully located in some conservative shop houses abt 1000sqft... say places like Tanjong Pagar, Geylang area or any good advises?? thinking of selling western food + fruit juices + snacks + drinks.
your commends and advises are very much appreciated.
thx.. 谢谢!!

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joop
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Postby joop » Thu, 17 Aug 2006 2:30 pm

It also depends on your theme and cost of food, are you going to spend a lot on renovation?

Conservative figures for F&B startup can range from S$100,000-$200,000.

Consider your costs like renovation, rents + deposits, employees, furniture, equipment, utensils. And with that you'll know how long your $100k-200k will last you, 6 months, 1 year?

Good luck in your planning.
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Postby sundazz » Thu, 17 Aug 2006 2:52 pm

I also have estimated abt $100K. but will it be cheaper if to take over any of this biz setup? is there any source tat i can look for if anybody who wanted to let go thier biz? I guess will save abit in reno rite?
As for the cost recovery, I estimated will be 1 to 1.5 years.
oh yes, just wonder if the biz can be transform from a eating house in day time to a cafe in evening time?? wat will be such biz licence like?
any other advises and commends tat i may not have think of?
thx.

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Postby joop » Thu, 17 Aug 2006 3:26 pm

sundazz wrote:I also have estimated abt $100K. but will it be cheaper if to take over any of this biz setup? is there any source tat i can look for if anybody who wanted to let go thier biz? I guess will save abit in reno rite?
As for the cost recovery, I estimated will be 1 to 1.5 years.
oh yes, just wonder if the biz can be transform from a eating house in day time to a cafe in evening time?? wat will be such biz licence like?
any other advises and commends tat i may not have think of?
thx.


The main advantages of taking over someone's business is that you can purchase the existing items (what we call a takeover fee) at a discount. You can save about 30%-60% of the original prices, or if you were to purchase them yourself. The other advantage is the setup cost and time that you'll save. Other than that, you may have to consider whether their items suit your business and business type.

To start off an F&B outlet you'll need to register for a F&B license, if you're selling liquor, you'll need additional liquor license, if you're running your business after 12 midnight, you'll require a license for that too. For a start, I don't think you'll need to run through after 12 midnight since that involves more labour and that converts to more cost. You can consider that option when you're more settled into the business.

Good luck.
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Postby sundazz » Thu, 17 Aug 2006 4:13 pm

my intension is not to involve in any liquor.. maybe just coffee and snack for evening. more like a coffe house. and biz operations will be b4 midnite, atleaset for the starts as to your advise.

agree tat taking over may not suit my desired location and lay out, but i think this maybe the most effective startup since most of the things required are aredy there.

just a rough calculations tat a over head cost for rental, pub fees, food and drinks cost, plus 3 staff est. about $10K per month. = abt $350 per day. meaning i have to sell at atleast 100 drinks at atleast $1.50 per drink n 100 dish at atleast $4 per dish to break even per day. anythings above is profit. (jus a rough calculation)

anyone in the FnB biz can advise wat is the average number of drinks and meals can sell each day?

btw are u (joop) in the FnB industry? if not wat biz are u in? anyway i very much appreciated your valuable commends.

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Postby joop » Thu, 17 Aug 2006 4:17 pm

sundazz wrote:my intension is not to involve in any liquor.. maybe just coffee and snack for evening. more like a coffe house. and biz operations will be b4 midnite, atleaset for the starts as to your advise.

agree tat taking over may not suit my desired location and lay out, but i think this maybe the most effective startup since most of the things required are aredy there.

just a rough calculations tat a over head cost for rental, pub fees, food and drinks cost, plus 3 staff est. about $10K per month. = abt $350 per day. meaning i have to sell at atleast 100 drinks at atleast $1.50 per drink n 100 dish at atleast $4 per dish to break even per day. anythings above is profit. (jus a rough calculation)

anyone in the FnB biz can advise wat is the average number of drinks and meals can sell each day?

btw are u (joop) in the FnB industry? if not wat biz are u in? anyway i very much appreciated your valuable commends.



Just related to someone in the F&B line. :)
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Postby sundazz » Thu, 17 Aug 2006 4:25 pm

u have a good contact :) , so which trade are u in?

anybody know where can serarch for biz to take over in the FnB industry?
any website recommended?
thx :)

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Postby jpatokal » Thu, 17 Aug 2006 8:52 pm

sundazz wrote:u have a good contact :) , so which trade are u in?

Psst -- Singapore Expats is a real estate agency, not just a forum operator :-$
Vaguely heretical thoughts on travel technology at Gyrovague

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Postby briceloh » Thu, 17 Aug 2006 10:40 pm

jpatokal wrote:Psst -- Singapore Expats is a real estate agency, not just a forum operator :-$


Some call it networking, as long as its not the extreme MLM. :wink:
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Postby sundazz » Fri, 18 Aug 2006 12:58 pm

agree.. this forum besides seeking for info, advises, sharing of experiences, it is also a good place for net working.

but i don see where to find any biz for taking over in the forum lay?

oh.. since briceloh mentioned network, allows me to do abit of network and ad here too :)

have a small electrical home appliances shop runs by my wife
--> http://sg.geocities.com/wkk_elect/home.htm

and I co-own a small setup audio video productions house
--> http://sg.geocities.com/pixelabproductions/services.html

hopes can provide my service to all here.

I have no experiences in the FnB biz at all, and now i am actually researching into opening a cafe or eating house, i am studying the pros n cons and of cos risk and strategy.

all your valuable advises are very much appreciated.. am open to any other advises and suggestions.
thx
:)

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Postby ksl » Fri, 18 Aug 2006 1:29 pm

PM me, maybe we can discuss some issues on F&B had an idea for sometime now

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Postby briceloh » Fri, 18 Aug 2006 4:00 pm

sundazz wrote:agree.. this forum besides seeking for info, advises, sharing of experiences, it is also a good place for net working.

but i don see where to find any biz for taking over in the forum lay?

oh.. since briceloh mentioned network, allows me to do abit of network and ad here too :)

have a small electrical home appliances shop runs by my wife
--> http://sg.geocities.com/wkk_elect/home.htm

and I co-own a small setup audio video productions house
--> http://sg.geocities.com/pixelabproductions/services.html

hopes can provide my service to all here.

I have no experiences in the FnB biz at all, and now i am actually researching into opening a cafe or eating house, i am studying the pros n cons and of cos risk and strategy.

all your valuable advises are very much appreciated.. am open to any other advises and suggestions.
thx
:)


Try not to do advertising here. There's a classified section. Just to let you know, so you don't get kicked. hehehe :)
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sundazz
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Postby sundazz » Sat, 19 Aug 2006 1:02 am

oh.. sorry, and thx for the advise briceloh. no intension to adver here but just mentioned abit lor. hopes not get penalty for tat.
well, my objective here is discuss and hopefully get more info and research so tat i can decide whether it is worth to start a FnB biz as i am totally new and no exp in this industry.
thx anyway.

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Postby ohsoon » Sun, 20 Aug 2006 9:50 pm

hi open an cafe is not easy..you need to know how to calculate breakeven (meaning one day need to earn hw much to get back wat you spend)

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Postby sundazz » Mon, 21 Aug 2006 10:46 am

hi ohsoon, agreed with u n thx for the advise. i have estimated the breakeven for daily expenses and cost as mentioned above. I am still researching whether is a good idea to open such a cafe.. day time eating house selling western food. nite time becomes a cafe selling cofe and snack...


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