#337
Shorty and me were eating at Harbour Steamboat in Sri Petaling for the second time.
Me: Wah this place is really amazing. It’s so packed. Printing money for sure,
Shorty: How much do you think they make?
Me: Well I think this place can fit like 50 people. Lets say in one night they can turn 3 times and assuming no lunch crowd because people don’t normally have steamboat for lunch right? So okay assuming each person spends RM25. That’s about RM3750 a day. Assuming it’s open 6 days a week that’s about RM1.08 million a year. They make at least 20% margin so minimum profit is RM200K a year. MINIMUM.
Shorty: Where got RM25 per head! This is steamboat. More like RM50.
Me: Really? But at this location… don’t think it’s so expensive right?
Half an hour later the bill comes.
Shorty: How much is it? HAH YOU SEE! RM50 PER HEAD. WHERE GOT RM25? ARE YOU STUPID OR WHAT?
Me: I GUESS I AM!
Timothy Tiah – Co-Founder of Colony, Kuala Lumpur Co-Working Space