Just before the conversion to LiHo, Gong Cha Singapore was worth about $30 million in revenue annually – so competition to be the next franchisee of Gong Cha would undoubtedly be fierce. According to the Straits Times, Mr Kim Soomin, a partner at Unison Capital, stated that they have had "multiple enquiries since the news broke, from potential business partners ranging from individuals to food and beverage companies that already have business operations in Singapore and some financial investors too."
The only workshop for F&B in Singapore that will give you an overview of what it takes to get halal certification, and walk you through the steps in the process.
Got questions about using our POS system? Or maybe you're wondering about how you can better analyse the backend reports to build a better business?
We are now open for training and consultation every 2nd and 4th Monday of the month!
What is it, does it work as well as a traditional POS system, and does it really make a difference to my business?
The menu is your restaurant's spokesperson.
How well can your menu really sell? It's ultimately the key to your restaurant's profitability. Learn the science behind designing your menu to promote the highest sales possible.
Everyone knows that the key to making profit in the F&B business is high revenue while keeping operating costs low. By now you probably already know which costs are fixed (rent, for instance) and which costs you can actually control on a month-to-month basis. These are known as Prime Cost (total cost of goods sold + total labour cost) or variable costs.
Learn why other F&B businesses have made losses in their first few years of operations and how you can prevent it from happening to yours.
Third in our series of bootcamps, this is an advanced version for serious F&B entrepreneurs looking to open their outlet within 6 months. Whether it’s your first time opening an F&B outlet or second, if you want to learn about essential digital marketing for food businesses, this workshop is for you.
If your goal is to expand beyond one outlet, understanding your business’ needs at different points in time is crucial.
The challenges you’ll face at each stage of your business growth are very different. While it is tempting to work on things like optimising workflow or reducing food cost, they may not necessarily be what requires your attention most at that time. This article gives an overview of the problems faced by F&B businesses at each stage and suggestions on the type of POS system that can help to counter them.
Have you ever wondered why some restaurants look packed every day but in fact make meagre profits? Their revenue may be high but the costs incurred are high as well. On the other hand, some ordinary-looking businesses are able to make better profits and outlast their more popular competitors. The key is understanding what makes up your restaurant’s operation costs and how to balance them so that a minimum profit is guaranteed.