nabeyaki

Aberdeen Centre kill a lot of retail shops and restaurants

GATSE

Always hear ppl say Aberdeen's rent is so expensive, but I wonder how expensive they are??? Does anybody know how much?

rockypath

Always hear ppl say Aberdeen's rent is so expensive, but I wonder how expensive they are??? Does anybody know how much?
GATSE 發表於 2009-11-23 00:54

In my opinion, the rent in Aberdeen is not expensive at all compare to other malls in Vancouver. Compare to Oakridge mall on Cambie & 41st, Aberdeen is much cheaper.

The problem is not the rent, it is the lack of foot trafic and the type of people walking in the mall. It doesn't fit the profile of the target customers.

somewhereintime

22# GATSE
For example, the food court rent would be $8,000 a month, while Monday to Wednesday would be really quiet throughout the year.
In comparison, the food court rent is $5,000  with much better traffic.
At Pacific Plaza, you may get a food court space for as low as $500, you do the math.

GATSE

22# GATSE
For example, the food court rent would be $8,000 a month, while Monday to Wednesday would be really quiet throughout the year.
In comparison, the food court rent is $5,000  with much bette ...
somewhereintime 發表於 2009-11-23 07:27

sorry, I'm kinda confused??? which one is $8,000? and which one is $5,000?

rockypath

22# GATSE
At Pacific Plaza, you may get a food court space for as low as $500, you do the math.
somewhereintime 發表於 2009-11-23 07:27

At Pacific Plaza, you may not be able to have $500 profit to cover the rent (it does not include the ridiculously high management fee which I have not mentioned).

We can do the math and the answer is to stay away from Pacific Plaza (unless you are looking for an office space).

somewhereintime

25# GATSE

The rent at Aberdeen is $8,000, they might give you a bonus stall if you twist their arm,
they are desperate for tenant especially at the food court.
while the rent at Yohan is $5,000

peter236

25# GATSE

The rent at Aberdeen is $8,000, they might give you a bonus stall if you twist their arm,
they are desperate for tenant especially at the food court.
while the rent at Yohan is $5,000
somewhereintime 發表於 2009-11-29 07:09

Aberdeen is much higher class than Yaohan. Also, the customer traffic at Aberdeen is much higher. The synergy among the stores in Aberdeen is big. People only go to Osaka supermarket when they go to Yaohan.

GATSE

omg.......... food court at Abredeen is $8,000?!?! That's crazy expensive!!! and even $5,000 for Yaohan food court is very expensive too!!!

somewhereintime

29# GATSE

It is possible to do over $1,000 sales a day at Yaohan foodcourt, so it is not that expensive.
I used to run a sandwich shop at Harbour Centre, $48,000 sales per month, the rent was $2,000.
It worked out only less than 5% rental expense, not bad in 1980.
Generally speaking, when you do the budgeting, the majority goes to Food and Labour cost, then
rent and other Operating expenses
For examples:  $1,000 daily sales x 30 days
$30,000(Sales)-  $7,500(25%Food Cost) -$ 6,900(23% Labour Cost) -$5,000 (16.7% Rent)-$1,000(3.4% Utilities)-$1,000 (3.4% Opex) = $8,600 operating profit(28.67%)
So if can manage to do $1,000 daily sales at Yaohan, excluding  party trays, which would bring in 40-80% extra sales usually under table cash.
  you are in pretty good shape to start with and it is quite possible. Long Hair used to do tons of catering service at Crystal Mall and the clients
continued to order from him even he moved to Richmond location.
If you are operating a coffee bar, all you need is to use up 2 Kilo of coffee a day, the coffee sales alone would almost generate $1,000 daily sales,
add 50% food sales then you are on the safe seat. As coffee suppliers would give you 30 Days credit, that mean, you sell $30,000 worth of espresso/Cappuccino/latte
before your first payment of $1,200; typically the cost of a $4.00 Latte is 16-18% including disposable cups etc.