LRT Food Cart Spaces Rent - worth it?

[_Qwerty_]

so using those figure, around 300 lang ang bibili per day? Does that include the hours of operation in the computation?

sir, thanks for this input. Through google, I captured this data although this is for way back 2014. I'll assume this as baseline since per reports naman, ridership of the LRT 2 has increased naman daw through the years:

Recto Daily Average
Entry - 45792
Exit - 43169

Citing this example, should I add the numbers and multiply it to .0035? and that's the most conservative capture rate?

[chronicle]

Dont just rely on data thats on the web. Try to ask around sa mga stalls kung gano karami ang bumibili. Actual data is more accurate than projections data. Pero sempre bumili ka rin para entrtain ka nila.

[archielew]

Dont just rely on data thats on the web. Try to ask around sa mga stalls kung gano karami ang bumibili. Actual data is more accurate than projections data. Pero sempre bumili ka rin para entrtain ka nila.

Actual data naman from dotr.gov.ph yung nakuha ko sir. Yes, I also asked some stores. Ang reply lang naman lage is "malakas naman", tingin ko kasi weary sila sa mga nagtatanong na strangers. hehehe

[tidus1203]

For me mataas ang renta sobra for a small stall. Magkano ba margin mo per 4pc siomai?

[ViosGen1.5Guy]

sir, thanks for this input. Through google, I captured this data although this is for way back 2014. I'll assume this as baseline since per reports naman, ridership of the LRT 2 has increased naman daw through the years:

Recto Daily Average
Entry - 45792
Exit - 43169

Citing this example, should I add the numbers and multiply it to .0035? and that's the most conservative capture rate?

Hi! Below is the computation:

Daily Traffic Count

If salo mo yung entry and exit: 8,961 total daily population [entry + exit]

8,961 x 0.0035 = 31 potential customers pay day (this is very conservative)

Do other computations, label them as most likely scenario hanggang very positive.

Then compute the gross sales. It's 31 customers per day x selling price (if very conservative).

Below is your proforma PnL

Gross Sales 31 x selling price
Less: Cost of Goods 31 x cost of goods
Total Net Sales
Less:
Rent
Manpower
Utilities
Marketing fees
Royalties
Total Expenses
Net Sales Total Sales Less Expenses

Do the same for the other scenarios; most likely to very positive.

[archielew]

Hi! Below is the computation:

Daily Traffic Count

If salo mo yung entry and exit: 8,961 total daily population [entry + exit]

8,961 x 0.0035 = 31 potential customers pay day (this is very conservative)

Do other computations, label them as most likely scenario hanggang very positive.

Then compute the gross sales. It's 31 customers per day x selling price (if very conservative).

Below is your proforma PnL

Gross Sales 31 x selling price
Less: Cost of Goods 31 x cost of goods
Total Net Sales
Less:
Rent
Manpower
Utilities
Marketing fees
Royalties
Total Expenses
Net Sales Total Sales Less Expenses

Do the same for the other scenarios; most likely to very positive.

Highly appreciate this sir. Thanks!

[dr. d]

dr. d - pwede ikaw tanungin ko? alin yung always sold out?

to break even, the store would have to sell at least 70 orders a day. I'm looking positively at hitting 200 orders/day which I think is feasible due to the high foot traffic.

i forgot to ask my street gourmet.
pm kita pag na-tanong ko.

[Nytrisco]

Kung siomai ito, I think either of the two leading siomai ok naman.
Ang tingin ko dyan, depende kung anong LRT2 station ito at kung anong type ng crowd.

Kaya ko nasabi yan, kasi sa 5 years ko pag sakay ng LRT1 blumentritt (south bound), hindi tumatagal yung food stall, mapa-hotdog, siomai or drinks. May tao, maraming commuter dito pero hindi kumikita kasi ito yung napansin ko.

Crowd - Kung students or office people ang madalas na commuter mo, papatok ang siomai yung mga on the go food. Pero kung ung mga skilled workers or nagmamadali palagi, tingin ko mga palamig yung suitable kasi uuhawin lang yan, iisipin nila instead na bumili ng siomai or shawarma, dun na ako sa palamig. Mapapawi yung uhaw ko plus may lasa na, pati ung gutom mawawala dahil may gulaman.

Location - just like sa Blumentritt, marami tao pero unti bumibili. Kasi yung mga tao sa umaga, bago pumasok naka kain na sa bahay dahil residential ang baba nito. Then sa uwi hindi ka naman bababa sa same na platform at hassle pa kung tatawid pa ako then akyat ulit just to buy ng food, edi uuwi na lang ako. At kung dun ka naman sa lugar nung may food stall, iisipin mo, malapait naman na bahay ko dun na lang ako kakain ng wala pang bayad.

Sana nakatulong ako.

[dominyc]

I recently bought food cart franchises and got an offer from LRT 2 to lease a space from them. The rent is 35k plus taxes. Asking opinion if it's worth it? Foot traffic wise, no questions asked. But does foot traffic automatically convert to higher sales? Thanks

Hello. Interested po ako to lease a space din from LRT 2 pero hoping na sa new station naman. Can I ask po kung sino nakausap nyo about sa renting a place in LRT 2. Thank you

[krizixx]

I recently bought food cart franchises and got an offer from LRT 2 to lease a space from them. The rent is 35k plus taxes. Asking opinion if it's worth it? Foot traffic wise, no questions asked. But does foot traffic automatically convert to higher sales? Thanks

Hi Good day! I'm just wondering, is this business still ongoing?