Seafood Room HK (海鮮房) closed down few days ago without any notice . What are the major reasons behind such sudden closure after 14 months only in operation?
Seafood Room HK (海鮮房) closed down few days ago, without any notice to its chefs and staff. It is also a shock to Hong Kong F&B community. What are the reasons behind such sudden closure of Seafood Room which has been operated for 14 months only.
Lacrucci witnessed the opening of Seafood Room HK last April. It was once one of the hottest high-end restaurants in Hong Kong.
Sales of Restaurant Equipments & Furnitures – Seafood Room Hong Kong is now undergoing.
Seafood Room HK (海鮮房) – background story
Seafood Room HK was funded by Russian Bulldozer Group, who opened its first restaurant in Dubai in 2011 and developed very quickly in Middle East since then. Seafood Room HK is Bulldozer Group’s first restaurant in Hong Kong.
Seafood Room (海鮮房) paid over HK$1.2M for monthly rent
As far as Lacrucci know, Seafood Room paid more than HK$1.2 Million for its monthly rent before closure. If the restaurant’s revenue could not reach HK$1.2 Million per month, its book would probably turn red.
Seafood Room was beautifully decorated. Restaurant floor space at approx. 10,000 sq.ft. with roof at around 2,500 sq.ft. We have no doubt of its huge initial investment on fitting-out and decoration.
The operational cost of such a huge restaurant is incredibly high too. If the number of dine-in customers reduces, maintaining a healthy balance sheet will be a problem.
Sunset for huge high-end restaurants in HK?
Is it the sunset now for huge high-end restaurants in Hong Kong? It might be the time for F&B operators to re-think about more realistic business models which can perform in both high tide and low tide.
Talk to Lacrucci
Lacrucci.com is a brand F&B community consultant developed by Lacruland Ltd. If you would like to join us, please use one of the following methods:
- Phone: +852 6280.3566
- Office Phone: + 852-3597 5561
- E-mail: email@example.com
- E-mail: firstname.lastname@example.org
- Check out more information on Lacrucci facebook and Lacrucci Instagram