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.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.
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.
Psst -- Singapore Expats is a real estate agency, not just a forum operatorsundazz wrote:u have a good contact, so which trade are u in?
Try not to do advertising here. There's a classified section. Just to let you know, so you don't get kicked. hehehesundazz 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/pixelabproducti ... vices.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
Users browsing this forum: No registered users and 4 guests