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  • #966897
    Tossed
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    As of last week I am truly flying Solo with the dream of one day soon opening a Salad Bar called Toss’d in the Melbourne CBD. I am a 27 year old from Melbourne and have been working in the fine dinning restaurants around Melbourne for the last 6 years, starting as a bar back (i.e. glass wear, polishing every cutlery and glass wear) to ending up as a restaurant manager. But after 6 long years working nights and weekends, and of course for someone else’s business I have hit the wall and are looking to bring my experience to the healthy fast food market.

    I have started my business plan and would like to attain some help from this forum.
    – I am looking at leasing an empty shell in the city of about 100m2 is there someone to contact to get the best estimated pricings.
    – I have no idea where to turn to get figures on shop fit outs and the cost of refrigerators, and basically setting up a shop from scratch.
    – Also branding and signage?
    In my head the figure I have is around $350,000, is this reasonable at all? If anyone has setup a cafe or restaurant or just know there small business around town any help would be much appreciated.

    Kind Regards
    Jimi

    #1021728
    Steve_Minshall
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    • Total posts: 518
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    Why not go and talk to some business owners in the area where you are interested in. I think you will find them quite happy to talk about the general costs of things. Obviously don’t take the pee and go to a sandwich shop next door to a place you have your eye on, but if you are up-front about what you are looking to do I think you will find many small business owners happy to share info with you (in general terms).

    #1021729
    wordmistress
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    • Total posts: 504
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    Hi Jimi

    You could try a visit to: http://www.business.vic.gov.au/BUSVIC/LANDING/SEC01.html

    It’s government-run so it’s free and gives you all the vital information you need, plus, I believe they can put you in touch with mentors and/or experts who can help with your chosen field.

    Also look into:
    http://www.healthyhabits.com.au/
    http://www.sumosalad.com/
    http://www.boostjuice.com.au/

    to see how they’re doing business and see if you can come up with a Point of Difference so that Toss’d offers something that they don’t. Google news reports on both companies and you’ll learn how the founders came up with their ideas, how they became established and how they are growing.

    You don’t have to aim for the big business that these companies have become, and in fact, you might be looking to stay small. This is just some “food for thought”! :)

    All the best with it!!

    #1021730
    mcboom
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    • Total posts: 86
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    I setup http://www.trufflesmelbourne.com.au in 2007. $350,000 should just about cut it for a Melbourne CBD store. Rents are around $70-80k for a 100m2 prime CBD location. Good luck ! Let me know if you need any contacts for fitout, branding etc…

    #1021731
    Karen Wardle
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    • Total posts: 363
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    This is just some “food for thought”! :)

    Gina, love it! Some great tips too.

    #1021732
    akagrp
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    • Total posts: 315
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    Hi Jimi

    First Congrats on deciding to go out on your own, I was a similar age when I decided I wanted more.

    With regards to store rents etc, may be worth having a look at the commercial online site like domain commercial [URL=”http:/commercialrealestate.com.au/?s_rid=DomainHeader:Commercial:Tab”]http://http://commercialrealestate.com.au/?s_rid=DomainHeader:Commercial:Tab[/URL]

    Also other good idea is to hit the pavement and see what is on offer, some times a property that has been on the rental market for a while landlord may be more nego, but always make sure it is right for you business, ie people traffic in area. Shopping Centres will always be more expensive and what you need to remember with those is that you will be up for store ugrades to fit the centre and contribute to centre, it is not always a good return on investment so do your homework and have your lawyer go over any such lease agreement.

    I personally would be looking for a street shop with good people traffic that you could even put in lease first option to buy should it ever come on the market, as you should always work on the promise that the business will grow and that down the track you could own your own.

    With regards to fitout, shop around, also with things like kitchen equipment have a look at online/normal auctions as many of the things are good and you do not need to spend $100,000 on equipment that people will not see, as long as clean, working order, keep your money for branding and front end of shop.

    $350,000 should be your Max, also consider grease traps, plumbing and most import level of power in the property suitable for your needs (these are likely to be your biggest costs)

    Also make sure you are able to get a DA for what you wish to open from council, do not take the real estate word that a food bar is not an issue.

    Do you have Healthy Habit and Sumo Salad in Melbourne?, if not come up to Sydney and check it out similar concept to what you are planning.

    It may even be an idea to just make enquires what a franchise may cost, ie fees, fitout etc and you will have a basic idea for yours, who nows you could be franchising yours in 12 months.

    All the best

    Keep us posted

    #1021733
    Accounts Studio
    Member
    • Total posts: 516
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    Have a chat to the guys at Cater Shop – they do restaurant and cafe fit outs and will be able to give you an idea of prices, legalities etc. The idea about second hand equipment is good too – there is a place in I think Qld that is quite prominent in this area – the people at Cater Shop would know – their number is 0438 600 276.

    #1021734
    Tossed
    Member
    • Total posts: 3
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    Thank-you for your advice,
    I believe it’s going to cost about $300,000 I have decided that 100 m2 is just too big of an obligation and are now looking at 70 – 80 m2 instead. I would love some help with fit-outs and branding contacts. What should I be looking to ask for fitouts? how much should I expect to pay for a salad bar and does it Intel equipment as-well as design?
    Kind Regards
    Jimi

    mcboom, post: 25731 wrote:
    I setup http://www.trufflesmelbourne.com.au in 2007. $350,000 should just about cut it for a Melbourne CBD store. Rents are around $70-80k for a 100m2 prime CBD location. Good luck ! Let me know if you need any contacts for fit-out, branding etc…
    #1021735
    Business Vic
    Member
    • Total posts: 35
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    Tossed, post: 25707 wrote:
    As of last week I am truly flying Solo with the dream of one day soon opening a Salad Bar called Toss’d in the Melbourne CBD. I am a 27 year old from Melbourne and have been working in the fine dinning restaurants around Melbourne for the last 6 years, starting as a bar back (i.e. glass wear, polishing every cutlery and glass wear) to ending up as a restaurant manager. But after 6 long years working nights and weekends, and of course for someone else’s business I have hit the wall and are looking to bring my experience to the healthy fast food market.

    I have started my business plan and would like to attain some help from this forum.
    – I am looking at leasing an empty shell in the city of about 100m2 is there someone to contact to get the best estimated pricings.
    – I have no idea where to turn to get figures on shop fit outs and the cost of refrigerators, and basically setting up a shop from scratch.
    – Also branding and signage?
    In my head the figure I have is around $350,000, is this reasonable at all? If anyone has setup a cafe or restaurant or just know there small business around town any help would be much appreciated.

    Kind Regards
    Jimi

    Hi Jimi,

    The Small Business Mentoring Service (SBMS) provide small business coaching and can help you with your business planning and marketing needs. For further information please visit http://www.sbms.org.au or call the Victorian Business Line on tel: 13 22 15 and ask about our ‘Experts in Residence’ program.

    Kind regards,

    Business Vic
    http://www.business.vic.gov.au

    #1021736
    mcboom
    Member
    • Total posts: 86
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    The difference in cost between 100m2 and 70-80m2 is not going to be that much. Second hand is definitely the way to go. Lots of kitchen equipment is liquidated from restaurants/cafes that have closed down. Check out graysonline auctions for some of these. Also ebay and second hand equipment dealers. If you are in Victoria I can recommend a couple.

    Tossed, post: 29217 wrote:
    Thank-you for your advice,
    I believe it’s going to cost about $300,000 I have decided that 100 m2 is just too big of an obligation and are now looking at 70 – 80 m2 instead. I would love some help with fit-outs and branding contacts. What should I be looking to ask for fitouts? how much should I expect to pay for a salad bar and does it Intel equipment as-well as design?
    Kind Regards
    Jimi
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