Tuesday, December 20, 2011

(624) Waitering


Two months ago my friend's son went to help out at a contact's cafe. This is a family run eatery situated near a well known college.


The cafe is owned by five brothers. Three are active partners who work there. One resides in Canada while the fifth lives in UK. The temporary helper was recruited as one of the active partners is recovering from an operation. My friend's son was amazed at how much most foreign students spent on their meals. These are middle eastern students, flushed with oil cash. He was telling me how within breakfast or lunch, a guy student can eat up more than the casual wage earned in an entire day as a waiter ($3.5 x 10 hours).

I guess what applies to real estate applies equally to eateries : it is location, location and location. The cafe is located near a college with lots of rich foreign students.

* waiter.gif from promega.com

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