Discussion in 'London and the South East' started by editor, Feb 19, 2019.
45 quid a cake isn't bad going either.
I feel split on this. On one hand, the previous shop front looked far nicer and I loathe these cutesy cake shops. On the other hand, cities are ever changing and if you turn them into museums, they stagnate. If you have a shop you want it to represent what it's selling.
Maybe when it comes to listed buildings, what is listed has to become more specific and some compromise could be reached. So they could specify that the can cover the shop front, but essentially not alter it so its preserved. Looks like they may have done that, in which case I'd be fine with this, even if it is an eyesore for now.
how people do the maths is beyond me. how much is a shop in spitalsfields + business rates + running costs + over heads + etc? how many cookies would they have to sell every day, even at 3 quid a pop?
I'd expect a damn good cake.
i'd expect a damn big cake
The thing is that they've changed what was something of a local landmark that people knew and liked (and shared on social media) into a crap generic bright yellow piece of forgettable shit. I'm all for change too but there's already PLENTY of evidence of that around Spitalfields. This place stood out as it was a rare surviving link with the past.
I guess I'm lucky I don't like cake.
what sort of wrong un are you
They do custom orders, so would be catering for weddings, etc, I guess. This gives them a front to tout for that kind of business.
my BiL used to run a bookshop, specialised in Spanish books in a big city with practically no competition he was very lucky, having to pay very little rent. i can't remember the exact maths, but he had to sell something in the region of 1000 books / month just to break even. he had connections to the uni etc, so they'd buy in bulk of him, once a year or so. he lasted for about 5 years, now he's highly in debt.
Yeah. They'll certainly have needed a ton of money up front. Their mark-up will be breathtaking, though, if they do actually manage to sell anything. I used to work in a bookshop and the mark-up on books is tiny by comparison, especially for specialist books, for which you often only get 1/3.
can't cost more than 10p to produce a cookie, inc ele, water, flour, labour, sugar etc.
They've been trading with the old shop front for a few months, they should have noticed about the locals feeling an attachment to it.
You should open a cookie shop.
i know. i find this thread strangely inspiring.
Just don't go opening a shop at Stonehenge and bulldozing that pile of rubble in the field.
nah, if anything it'll have to be Spitalfields, obviously.
The biggest cost of a shop is never the stock unless it's really high end stuff. It's rent, rates and wages. The cost of the ingredients is almost irrelevant.
Rent and rates on that place probably adds up to north of £4,000 per month. At least two people in the shop presumably want to earn something approaching average wages, so add another £4,000 per month once you've accounted for things like NI and infill for holidays. So that's £8,000 per month you're going to need to make in gross profit on the cakes you sell. Even at £3 per cookie and being open 7 days a week, you better sell 100 cookies a day.
Unless it's a book shop.
The cost of the wood pulp and ink will barely factor into things.
Depends on what kind of books, but I doubt it. The books aren't costing you £8,000 a month (see above) just to keep afloat.
I dunno. You take books on sale or return, but you have to pay for them upfront, and you might take six months to sell-or-return them. On average you'll pay 50-60 per cent the cover price for them (maybe 40 per cent if it's a promotion), so that's at least half your takings on invoices.
There's a reason nearly all small bookshops have disappeared, and those that remain, like Houseman's, are those that don't pay rent.
ludicrous. 2800 cakes a months, and I think your rent estimate etc is conservative.
What the fuck is a hipster then? Cause if this is aimed at hipsters hipsters are a fuck of a lot richer than I took them to be. Surely this is aimed at the walking wallets in the square mile rather than any hip young crowd. What's 'hipster' about it? Spitalfields isn't hip it's just expensive.
So it means you need to sell £16000 of books per month as a base level. About 400ish a week? Open for 6 days a week, 7 hours a day and it’s about 10 an hour or one every 6 minutes consistently all week. Every week.
Surely nobody who does these numbers can ever think opening a shop is a good plan. I think most people who go into it just don’t do the calculations
...if you're doing it as a hobby and don't need any money to actually live on.
I popped into the market yesterday for a nose around and lunch...lost so much character and soul since last time I was there and the work is still ongoing
My costs include average wage for two people
I think that's what hipster means. Except with a stripy t-shirt, a fixie and a waxed moustache.
Ok, didn't realise one of them was the owner.
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