Budgeting for rental - FnB Players

Determining the ideal percentage of revenue allocated to rent is a crucial aspect for F&B players in the property market. Generally, industry standards suggest that rent costs should range between 5% to 10% of total revenue. However, this can vary based on factors such as location, size of the establishment, and local market conditions. It's imperative for F&B businesses to conduct a thorough financial analysis, considering their specific circumstances, to ensure that rent expenses remain manageable. Striking the right balance is vital, as excessive rent costs can strain profitability, while allocating too little may compromise the quality of the location and its potential for attracting customers.

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