No one in their right mind goes into the free-standing restaurant business. At best- a well-run restaurant by a seasoned professsional will generate
7% profit. Not even that much if you have one inside thief (usually a bartender/cashier) or an increase in food cost, labor cost, or even utilities.
Take it from someone formerly in charge of 276 restaurants for a casino company... it's better to have a freind who owns one.Sharksbaja - 6-18-2008 at 11:40 AM
7% sounds reasonable enough but my accountant might frown.
So much for cheap Mexican food, $45 a cover, WOW!!DENNIS - 6-18-2008 at 11:49 AM
Quote:
Originally posted by Woooosh
Not even that much if you have one inside thief (usually a bartender/cashier)
They prefere to be called silent partners.BajaBobcat - 6-18-2008 at 12:05 PM
Well, in Montana (a low cost place to live), $45 sounds a fair price for frozen lobster/shrimp, steak and 2 drinks...
If you have been around Cabo’s nice restaurants, im sure you have run into restaurants that charge $12 for a Caesar Salad whit 3 leafs, and im not
talking about the places inside the fancy hotels.
And it also depends on what kind of taste you have, if cheap is what you want, McDonalds and Burger King are on the main street also.
[Edited on 6-18-2008 by BajaBobcat]DENNIS - 6-18-2008 at 12:21 PM
Quote:
Originally posted by BajaBobcat
[Edited on 6-18-2008 by BajaBobcat]
What happened to your original post?BajaBobcat - 6-18-2008 at 12:36 PM
Fully equipped 170 seat high end restaurant and bar available for rent or buy, it is conveniently located in the Los Cabos downtown area, everything
is brand new and top of the line.
Private parking for customers and liquor license available.
-There is a Bed and Breakfast on site
-Conveniently located, close to beach hotels and on a heavy tourist traffic street
- Water purification plant on site
-Jacuzzis, so people can hang out all day and use the Bar and Restaurant.
-And many other little things that matter to build customer loyalty.
Rent is 10k per month, on sale for 2.5mil
For more information, call 213-596-0238 .Cypress - 6-18-2008 at 12:56 PM
The hardest dollar you will ever earn is made in the food service industry. Ask
any cook, waitress, or anybody associated with it.BajaBobcat - 6-18-2008 at 01:09 PM
I am well aware of that. Not the first time in this Woooosh - 6-18-2008 at 09:51 PM
Sorry to have sounded negative Bobcat. I guess it's the many restaurant I've opened. At that level in Los Cabos- the restaurant business is highly
competetive (cut-throat in hard times) and it takes a very talented and skilled hands-on operator. You would need $200-300K cash minimum -just to make
it through the first season. It take apeson with a huge ego, and bigger wallet to maket the long term commitment it would take- and most of us would
rather fish than sell fish at this point in our lives. capt. mike - 6-19-2008 at 06:17 AM
Nov i stayed in los cabos at a place where our suite was $500 a nite off season ans $800 on. (i was comped)
we had dinner in the fancy eve only rest. one nite.
she had a chicken enchilada, it was $18.BajaBobcat - 6-19-2008 at 07:41 AM
Wow, next time you come to Cabo, and want to save some doe, my rate is 125 off season, comes whit Full breakfast (Enchiladas included on the
breakfast menu)
Ask
any cook, waitress, or anybody associated with it.