Food & Beverages
Georgetown, Penang, Malaysia
Selling Off 100%
Located in the heart of Georgetown, Curaçao built a name for itself as an artistic and unique bar, the main feature being the Glow-in-the-dark concept, which is the first one in Malaysia. This feature per se is an attraction. Curaçao has maintained a good reputation on its Facebook page and has been receiving amazing reviews on Trip advisor and Google. It has also been listed as the Top 10 Bars in Penang by Culture Trip and featured on Uncover Asia.
I ran the business while completing my studies, doing it as a hobby rather than a long term thing. I am now moving into legal practice and cannot find the time and energy to do both.
The premise is more spacious than many bars in the vicinity and is fully renovated to comply with the local authority regulations.
The land is not for sale. The rental is only Rm2600/month which is very low for a double-storey commercial unit in the heritage zone.
The kitchen comes with a grease trap, commercial oven, commercial stove, grill and kitchen ventilation, a cake display freezer, two commercial fridges, a commercial freezer, a microwave, commercial sink, a bar counter and kitchen utensils, cutleries, hotel standard plates, various glasses and the list goes on.
All fixtures (airconds, blacklights, decorative lights, designs, art etc.) and all furnitures including the sound system and laptop is part of the stated price.
The overheads of running the place is very low, the profit margin is between 100% to 300% and if the business is maximized (selling both food and drinks and being open everyday) you can expect a Nett profit of approximately Rm15000/month if your daily sales revenue is an average of Rm1500.
The premise also comes with a huge place upstairs which could be sublet or further utilized. Currently it is not utilized.
The business is still in operation now (Thursdays, Fridays & Saturdays only).
If you’re willing to commit fast, the owner is willing to forego all the deposits worth more than RM7000.
Strength & Opportunity
I have only tapped a very small potential of the business. There are so many things that can be done:
1. Getting into a contract with a beer company and sell beer instead of merely cocktails. I didn’t get into a contract because I know it’s a temporary thing for me.
2. Utilizing the upper floor, either through subletting or turning it into a lounge.
3. Advertising and marketing to tourists and to the working class. I have only been targeting a small sector of college students.
4. Selling food will certainly generate a lot more income.