Replies to post #23509 on Sino Agro Food Inc (fka SIAF)

[treit2002]

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.

[slyestjester]

Leonie's is a different style of restaurant--people are packed in similarly to Western restaurants, sitting at tables. At the beef restaurant each party rents a room, so the capacity is ultimately going to be considerably less than if tables were right next to each other. Also since you rent a room I would guess people dawdle, there is no waitress pushing you out so the next party can be seated.