Replies to post #71646 on Amfil Technologies Inc (FUNN)

[simbaba]

Do most restaurants have a $6.00 cover charge or sell board games?

[Breadcrumbs]

Typically 33% is the standard for restaurants. Some may be higher and poorly run establishments are generally lower.

[User-65225]

How many restaurants can charge a cover per seat and have a high margin retail store within each location? How many restaurants can collect for marketing (Nintendo, etc)?

How many restaurants pack every table, while charging a cover, no matter how big they build the location?

I thought you have done all this DD?!

[Goodbuddy4863]

Well..I wondered when the name Restaurant would come up.

Snakes and Lattes in no way resembles a typical Restaurant.

GAME BOARD CAFE where You pay a cover charge to get in ...and....Customers waiting 1/2 Hour..... just to get in.

This is the reason that all future Cafe's are going to have a second Story like #3.


Plus the Distribution side of Snakes and Lattes Game Boards may become bigger than the Cafe's money making side.

Note:
Know what You own Folks!

[masterarms]

Margins are high on alcohol. Also they take cover charges to walk in which is all profit.

On top of that, the distribution margins are always high. Warehouses don't pay for their own space, they charge customers per sqft and get paid to pick and pack per item, as well as up charging for shipping labels, boxes, pallets, trucking.

I supervised in a warehouse for years, I understand that business very well.

Distribution will be a HUGE part of coming profits/revs.

[OTC_Buyer]

Mine is between 22-28% but I am a specialty type of food so I have higher cost and overhead ... still make pretty good profit to live comfortable and buy AMFE this year ;-)

[pinch one]

The foods and drinks at Snakes is not fast food prices. Remember, snakes also charges an admission fee that gets added to the bill. Just IMO.

ROCK ON AMFE !!!

[map35]

I own a small gourmet breakfast/brunch restaurant. Based on percentages and paying employees well about 33-35% on the high end and goal is 29% depending on the time of year/volume. Food cost is about 29% average and could be as low 25% with more labor intensive made from scratch or to order dishes and up to 33% on drop in the fryer type food. Expensive are subjective to location and square foot. I would say typical profits after advertising budgeting and up fit is usually about 20%. But with a $6 cover charge that adds an extra 30% profit margin on a normally $12 ticket of say a $10 dish and $5 alcoholic drink.