Renting an Eatery in Inorbit Mall Hyderabad: Cost Analysis Revealed
Opening an eatery in a bustling mall like Inorbit Mall in Hyderabad is a dream for many entrepreneurs. However, the cost of renting a space in such a prime location can be a significant factor to consider. This article aims to provide a comprehensive cost analysis for renting an eatery in Inorbit Mall, Hyderabad, to help potential business owners make an informed decision.
Understanding the Rental Structure
The rental cost in Inorbit Mall, like many other malls, is typically divided into two components: the base rent and the revenue share. The base rent is a fixed amount that needs to be paid monthly, while the revenue share is a percentage of the monthly gross revenue of the eatery.
Base Rent
The base rent for an eatery in Inorbit Mall can vary greatly depending on the location and size of the space. As per industry sources, the base rent can range anywhere between INR 150 to INR 250 per square foot per month. Therefore, for a 500 square foot space, the monthly base rent could be between INR 75,000 to INR 1,25,000.
Revenue Share
In addition to the base rent, most malls also charge a revenue share, which is typically around 10-15% of the gross revenue. This means if your eatery makes INR 10,00,000 in a month, you would have to pay INR 1,00,000 to INR 1,50,000 as revenue share to the mall.
Other Costs
Besides the rent, there are other costs involved in running an eatery in a mall. These include the cost of interior decoration, kitchen equipment, staff salary, utility bills, and licensing fees. These costs can add up to a significant amount and should be factored into the overall budget.
Is it Worth the Cost?
While the rental costs might seem high, it’s important to consider the benefits of having an eatery in a prime location like Inorbit Mall. The mall attracts a high footfall of customers, which can lead to increased sales. Moreover, the mall’s management takes care of security, cleaning, and maintenance, which can reduce your operational costs.
In conclusion, while the cost of renting an eatery in Inorbit Mall can be high, the potential benefits make it a worthwhile investment for many entrepreneurs. However, it’s crucial to conduct a thorough cost analysis and have a solid business plan before taking the plunge.