in out in oz

Old Nov 27th 2002, 7:16 am
  #1  
Banned
Thread Starter
 
Joined: Sep 2002
Posts: 81
kismet is an unknown quantity at this point
Default eating out in Oz

Hiya all,
We are going over to Brisbane early next year to buy a restaurant/ cafe and i was wondering if anyone could tell me if the Aussies are willing to pay ok prices for food.
Ive read that its cheap to eat out over there which is great for the customer harder work for the owner!!!.
Are they going to expect good food for dirt cheap prices???
ANY input on this would be much appreciated
kismet

Last edited by kismet; Nov 27th 2002 at 7:33 am.
kismet is offline  
Old Nov 27th 2002, 8:46 am
  #2  
UDS
Forum Regular
 
Joined: Sep 2002
Location: Ireland
Posts: 77
UDS is an unknown quantity at this point
Default

Eating out in Australia is much, much cheaper than in Europe. I have no idea how the economics of the restaurant business in Australia work, but you should definitely investigate this in some detail before committing to buying a restaurant business. If you offer a price based on UK levels of turnover and UK margins, you will probably be offering way too much.

My suggestion, if you can manage it, is that when you get to Brisbane you should spend a while working as a manager in a restaurant to give you a better understanding of the business in Australia. Then you can take an informed decision about whether to invest in a restaurant.
UDS is offline  
Old Nov 27th 2002, 10:10 am
  #3  
BE Forum Addict
 
Joined: Feb 2002
Location: Dream life UK....
Posts: 2,912
dotty is on a distinguished road
Default

Hopefully this will be useful info. A good rest in Bris may charge up to $30.00 for a main course, but a BYO (unlicensed), but allowed to bring in wine, could charge as little as $12.00 main course. Up in Noosa you could easily pay more but the rents would be main reason for exorbitant prices. Allow $15.00 hour for wages for waiters cooks.

I would totally agree to work in restaurant first. Obviously in most countries, restaurants are often set up and go broke due to the fairly easy skills required to open one. The ones that survive have done very good research into areas, food types, overheads etc. Many pop up and some make it, many dont and that is no different here. Lots of competition from Take outs here, like Pizzas for $5.95 etc and of course dining is expensive for the average aussie family so may not be as popular as you might think. Just do the research first. Good Luck
dotty is offline  
Old Nov 27th 2002, 10:42 am
  #4  
Migration Agent
 
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,405
Alan Collett has a reputation beyond reputeAlan Collett has a reputation beyond reputeAlan Collett has a reputation beyond reputeAlan Collett has a reputation beyond reputeAlan Collett has a reputation beyond reputeAlan Collett has a reputation beyond reputeAlan Collett has a reputation beyond reputeAlan Collett has a reputation beyond reputeAlan Collett has a reputation beyond reputeAlan Collett has a reputation beyond reputeAlan Collett has a reputation beyond repute
Default Re: eating out in Oz

Kismet,

Please feel able to mail me directly if you want an intro to my joint venture accountant colleagues in Brisbane, who I am sure will be pleased to have an initial freebie chat about your plans, when they can also give you some advice and pointers as to the way forward.

Hope this is of interest and best regards.



Originally posted by kismet
Hiya all,
We are going over to Brisbane early next year to buy a restaurant/ cafe and i was wondering if anyone could tell me if the Aussies are willing to pay ok prices for food.
Ive read that its cheap to eat out over there which is great for the customer harder work for the owner!!!.
Are they going to expect good food for dirt cheap prices???
ANY input on this would be much appreciated
kismet
Alan Collett is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.