shameenali wrote:Hi Tan,
It actually depends on how you wish to set up your shop. ROI of 2% for a start is reasonable given the amount of capital that you are pumping in. Ideally this should increase to 10-15% in the long run to keep you happy. Also do keep in mind that you will need working capital requirements (rent, PUB, staff salaries, ingredients, fixed assets etc) for atleast upto 6 months in case your setting up shop for the first time in a new location. Takes time for clients to know your shop, word of mouth publicity to kick in etc. I do know of a shop @ The Bencoolen which seems to be making pretty good business selling Taiwanese Bubble Tea. Maybe you could look into something like that
tough reality huh...beppi wrote:It's a rule of thumb that, if you are not able to finance 6 months without any turnover, you better not start the business. Others say 3 years with no profits, but the idea remains the same: Don't start if you don't have enough to survive dry times!
grandmamalove wrote:tough reality huh...beppi wrote:It's a rule of thumb that, if you are not able to finance 6 months without any turnover, you better not start the business. Others say 3 years with no profits, but the idea remains the same: Don't start if you don't have enough to survive dry times!
but there are a lot of bubble tea shops popping up here I have come to notice
Copy cats! Happens with all products here, if they see that its moving, you have to be first to market to have any real chance, then stay ahead of the game when its peaking.beppi wrote:Ten years ago, bubble tea shops suddenly popped up on EVERY street corner - and all but a handful of them closed within a few months. Then, for years, you had to search really hard to find any in Singapore. Now it seems the second wave of irrational shop-openings is coming over us.
You call that stable?!?
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