Picar Place [mix]

[robluat]

I don't think it will close down. I don't think its on a loss. The place is really nice. Its not packed but i think its designed to be as such. The place is so spacious, tables are very much apart from each other. I think you just dont notice the people since its multi level, quiet cozy type of bar. Its a very nice place, you should try visiting. They have 50% off on selected cocktails i think until 7PM

Originally Posted by TelNoLies

Hope it doesn't close. AMA pays franchise fee, this could be a financial drain for them. Usually business is brisk during the early period of an establishment; but, if it's slow business this early, this may be a bad omen. Hopefully not, I still want to visit it soon.

[Van_Wilder]

Originally Posted by robluat

I don't think it will close down. I don't think its on a loss. The place is really nice. Its not packed but i think its designed to be as such. The place is so spacious, tables are very much apart from each other. I think you just dont notice the people since its multi level, quiet cozy type of bar. Its a very nice place, you should try visiting. They have 50% off on selected cocktails i think until 7PM

embassy at its peak is just 1-2M per night.

if its making 1m per night any night of the week, regardless if its holy week or christmas it'll be making 365m per year. less cost of food/drinks sold, overhead, etc.

that is if buddha bar is making 1m per night.

buddha bar is a far cry from embassy. its losing money.

it will be in the green zone if its like salon de ning or martinis. even if its not full, 20tables of 50-100k per bill can bring you 1-2m per night.

[robluat]

Originally Posted by Van_Wilder

embassy at its peak is just 1-2M per night.

if its making 1m per night any night of the week, regardless if its holy week or christmas it'll be making 365m per year. less cost of food/drinks sold, overhead, etc.

that is if buddha bar is making 1m per night.

buddha bar is a far cry from embassy. its losing money.

it will be in the green zone if its like salon de ning or martinis. even if its not full, 20tables of 50-100k per bill can bring you 1-2m per night.

How much do you think would cost per table of let say 5 people in Buddha Bar? Its a very nice place. I guess it only takes time before people appreciates this. Its not similar to embassy. I guess the target market differs as well although both can be considered pricey.

[TokyoToffee]

Originally Posted by robluat

How much do you think would cost per table of let say 5 people in Buddha Bar? Its a very nice place. I guess it only takes time before people appreciates this. Its not similar to embassy. I guess the target market differs as well although both can be considered pricey.

When I was there we bought 2 bottles of champagne and bill was about 60k php.....


The waiters were in shock and told us all that we had the highest bill there....

This was about 3-4months ago.

[robluat]

Originally Posted by TokyoToffee

When I was there we bought 2 bottles of champagne and bill was about 60k php.....

The waiters were in shock and told us all that we had the highest bill there....

This was about 3-4months ago.

It was packed the other weekend! Hehehe it maybe a good sign. Cars were parked all the way to Kalayaan street.