The Coffee Boys' Step-by-Step Guide to Setting Up and Managing Your Own Coffee Bar by John Richardson

Author:John Richardson
Language: eng
Format: epub
ISBN: 9781848034839
Publisher: Constable & Robinson

Reasonable rent

It’s also worth bearing in mind, because it’s of crucial importance, that your rent is part of an overall equation. We’ll deal with the specifics of this ‘equation’ later in the money section but at this stage you just need to grasp that your rent should be approximately 10% of your turnover (after VAT or local sales tax). But this is just a rule of thumb or a starting point. If you can get your rent below that level then every percent is another percent of net profit in your back pocket. Likewise, if it’s above that then you need to make sure that you have enough gross margin to help compensate.

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