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Re: Image comments for $9 is loose change now
Posted by: woberto
Date: 28/01/2024 10:20PM
I assume when you say CBD you mean Sydney or Melbourne?
Rule of thumb $200 per square meter for ground floor retail.
That's monthly, so your average little cafe is paying up to $200k per year.
So they need to clear $800 per day just to make rent.
Plus council rates especially if they have "outdoor dining"licenses.
That's a lot more than staff and "materials" so yeah, you are mostly eating rent.
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