Quote:
Originally Posted by aaaces
Some basic figures:
Rent: 20K
Key Money: 18K/0
Tea Money:0
Girls x 10: 70K
Cashier: 25K
Manager/Host: 30K
Social Media 10K
Power?
Water?
TV Sports Package?
Repairs/Maintenance 10K - but could be anything in a single month eg, replace a fridge = $30K
Internet/Wifi 2K
[B]Cleaning 9K[/B
Promotion 20K
ETA Cleaning + Promotion
This basic budget (+ alcohol) is for a single width bar on Chaiyapoon, (which has yet to take off besides Amon's Massage which always seems to be packed).
Roughly 220K+ monthly running costs without renovation - real money there $7K+USD
So I'm in if it's going ahead :-)
Lessons learned from reading others sad stories:
*Getting a good Cashier is critical.
*Recruiting is key and turnover of talent is heavy.
*Trying to apply strict Western business principles doesn't work.
*Applying western business principles in a Thai Friendly way does work
*Over time, if the girls like working for you, they will recruit their friends and friends of friends.
*Deadbeat owners are a cancer
*Having a good sports and TV package is actually good for business.
Anyone like the name, Cum Too Mutt Bar? 555