Who's been posting up "regular financial tit bits"? Why, no one of course! It's just you acting like a silly billy again!Regular financial tit bits are a great way of attracting new readers to Urban who would normally only have time for a cursory 10 minutes perusing the FT in between deals. A kind of Brixton Reuters or Bloomberg, as it were. Good work!
That's for the last financial year.So profits of £417,000 spread over 12 sites would mean each restaurant averaging £34,750 in profit a year - or have I got that wrong?
Wahaca reports 40% rise in profits
Mexican restaurant group, Wahaca has announced that turnover grew more than 40% to £22,497,016 in the 53 weeks ended 30 June 2013, up from £14,585,657 the year before.
The company, which operates 13 London restaurants, said that profit before finance charges rose to £1,009,215 compared to £372,969 the year before. Pre-tax profit was an impressive £416,822 when compared to £60,474 for the previous year.- See more at: http://www.caterlyst.com/Caterlyst3/Insight/Insight.aspx
That's for the last financial year.
I didn't think I was attacking them, I was just adding more detail to the story. I'm delighted that the building is being used again and if it provides employment for local people, all the better.I don’t see why it is much use looking at turnover. If the difference between a large restaurant running at a profit or loss is £34,000 per year then things are surely pretty razor tight as it is – something that a big rent review or increase in food costs could obliterate.
IMO if someone has opened 12 central London restaurants which employ so many people, which employ carpenters and contractors to fit them out, which employ producers and suppliers as well – then they fully deserve £400,000 profit – and a pat on the back; especially when so many restaurants go to the wall. It’s probable that they have to share that profit with investors.
Attack people who make money by doing nothing, like buy to letters – people like this should be taxed & celebrated - not sneered at.
I don’t see why it is much use looking at turnover. If the difference between a large restaurant running at a profit or loss is £34,000 per year then things are surely pretty razor tight as it is – something that a big rent review or increase in food costs could obliterate.
IMO if someone has opened 12 central London restaurants which employ so many people, which employ carpenters and contractors to fit them out, which employ producers and suppliers as well – then they fully deserve £400,000 profit – and a pat on the back; especially when so many restaurants go to the wall. It’s probable that they have to share that profit with investors.
Attack people who make money by doing nothing, like buy to letters – people like this should be taxed & celebrated - not sneered at.
I think it would be nearly impossible to not to be aware of urban75 or B Buzz if you'reBut at the same time it is feasible to be very active in the local Brixton community and have no awareness of either U75 or BB.
And, for the record, they've never approached urban75 or Brixton Buzz which are most likely the two biggest Brixton sites around, so I guess we're not included in their community vision.
Unlike that cynical oaf Winot who jumped to the knee jerk conclusion that you were cocking a sneer, I just assumed that you were providing the information on face value and thought it was a good idea. Seems I was wrong too.Who's been posting up "regular financial tit bits"? Why, no one of course! It's just you acting like a silly billy again!
Call me a crazy old cynic if you will, but when a business newly arrives in Brixton and immediately starts banging on about "the community," "social projects" and the area's "vibrant and ethical feel" then I think it's only right that people shouldn't take it all on face value.
And given their multi million turnover, the first question to ask is, "will they be paying the London Living Wage?"
Unlike that cynical oaf Winot who jumped to the knee jerk conclusion that you were cocking a sneer, I just assumed that you were providing the information on face value and thought it was a good idea. Seems I was wrong too.
Silly billy me indeed.
Easy at first sight - until someone points out thatThey'd be absolutely bonkers to.
If I was opening a business in Brixton that didn't fit your tightly defined template of acceptable, which is easy to work out, I wouldn't come near your websites. Why bother with the hassle
The profit may take account of income being reinvested in new restaurants opening.I don’t see why it is much use looking at turnover. If the difference between a large restaurant running at a profit or loss is £34,000 per year then things are surely pretty razor tight as it is – something that a big rent review or increase in food costs could obliterate.
I was talking to a guy in the Charlotte Street one last week. I was abit tiddly but I seem to recall him saying that they have something like 60 people working all day in their kitchen there (they do a lot of the prep for the other sites).IMO if someone has opened 12 central London restaurants which employ so many people, which employ carpenters and contractors to fit them out, which employ producers and suppliers as well – then they fully deserve £400,000 profit – and a pat on the back; especially when so many restaurants go to the wall. It’s probable that they have to share that profit with investors.
Attack people who make money by doing nothing, like buy to letters – people like this should be taxed & celebrated - not sneered at.
Where do you find this "tightly defined template of acceptable" on Brixton Buzz please?They'd be absolutely bonkers to.
If I was opening a business in Brixton that didn't fit your tightly defined template of acceptable, which is easy to work out, I wouldn't come near your websites. Why bother with the hassle
By only mentioning Brixton Buzz, are you conceding that a tightly defined template of acceptable exists on U75?Where do you find this "tightly defined template of acceptable" on Brixton Buzz please?
I'm so tired of your sneer->mock disbelief at reaction->denial->victimisation spiel. Leanderman quite clearly quoted your stanceWhere do you find this "tightly defined template of acceptable" on Brixton Buzz please?
I have opinions and express them honestly, just like everyone else can here - and does.By only mentioning Brixton Buzz, are you conceding that a tightly defined template of acceptable exists on U75?
Actually, I was running with a joke that had already been posted, but don't let that spoilt your cod indignation.I'm so tired of your sneer->mock disbelief at reaction->denial->victimisation spiel. Leanderman quite clearly quoted your stance
It's got a different purpose obviously but it's still youWhere do you find this "tightly defined template of acceptable" on Brixton Buzz please?
Except it's not. There's loads of writers posting up stuff, all with their own opinions.It's got a different purpose obviously but it's still you
You are absolutely entitled to your views but sometimes you come across as a self appointed arbiter of what is acceptable and what isn't in Brixton
It's not hard to see why businesses don't always beat a path to this particular community
For sure, and that's just fine. But it gets a bit tricky when brand Wahaca is loudly throwing around their 'community' credentials and bigging up how they 'design they business to suit the local area'.It's whether brand urban75 and brand brixtonbuzz fit with brand wahaca.
I agree that the sneering is toned down slightly on Brixton Buzz.I have opinions and express them honestly, just like everyone else can here - and does.
Given the amount of disagreements and debate that goes on here, it would be absolutely stupid to declare there was any kind of 'tightly defined template of acceptable' about most matters.
Now, about Brixton Buzz....
Except it's not. There's loads of writers posting up stuff, all with their own opinions.
Now why don't you back up your accusations and show me where we've been so unbelievably beastly to Wahaca that their only option is to turn their back on the most popular Brixton website?
Can you do that please?
If you want opinion-less, pussy-footing advertorials I'm sure there's other sites who will serve up 'news' in that fashion or you.I agree that the sneering is toned down slightly on Brixton Buzz.
If you want opinion-less, pussy-footing advertorials I'm sure there's other sites who will serve up 'news' in that fashion or you.
If you've got a beef with what's been written on B Buzz use the comments box there rather than sneering here.
My arse!People are free to express whatever they like here.