The Leonie's contract said that the hurdle for revenues was $1M in 5/2012, right? And that's a starting figure. I am not sure that the 19M RMB figure in 2012 does not mean per restaurant.
Did you see anything else?
I recall SIAF stating that the prototype restaurant consumed one BULL every three days. At 46,000 RMB per head, that's about $2,400/day. Double that for 100% mark up, and that's $1.5M per year. Double that for sales of everything else (alcohol) gets $3M.
Worth getting the answers here, as $300k/year times 50 restaurants in 3+ years means fairly little, maybe 2% of revenues then.
