F&B Units for Rent on Hak Po Street, Hong Kong

Why rent a restaurant on Hak Po Street, Mong Kok, Hong Kong?

Renting a restaurant on Hak Po Street in Mong Kok, Hong Kong offers exceptional business opportunities due to its prime location in one of the city's busiest commercial districts. This vibrant street benefits from extremely high foot traffic as Mong Kok is a major shopping and entertainment hub that attracts both locals and tourists throughout the day and night. Restaurant operators can capitalize on the area's diverse customer base, ranging from office workers seeking lunch options to shoppers and nightlife enthusiasts looking for dining experiences. The street's excellent connectivity through nearby MTR stations ensures easy accessibility for customers from across Hong Kong. Additionally, Hak Po Street's proximity to popular attractions like Ladies' Market, Langham Place shopping mall, and numerous street food vendors creates a dynamic food and beverage ecosystem that can drive consistent revenue. The competitive rental rates compared to Central or Causeway Bay, combined with the high customer volume, make Hak Po Street an attractive location for both established restaurateurs and new food business ventures looking to establish themselves in Hong Kong's competitive dining market.

How much does it cost to rent a restaurant on Hak Po Street, Mong Kok, Hong Kong?

The cost to rent a restaurant on Hak Po Street in Mong Kok, Hong Kong typically ranges from HK$30,000 to HK$80,000 per month, depending on the size, location along the street, and condition of the property. Hak Po Street restaurant rental prices are influenced by its prime location in one of Hong Kong's busiest commercial districts, with ground floor units commanding higher rents due to better foot traffic and visibility. Small restaurant spaces of 200-400 square feet may start around HK$25,000 monthly, while larger establishments exceeding 800 square feet can reach HK$100,000 or more per month. Additional costs for Mong Kok restaurant rentals include government rates, management fees, utility deposits, and mandatory renovation contributions, which can add 15-25% to the base rent. Prospective restaurant operators should also budget for key money or premium payments, which are common in Hong Kong's competitive F&B market and can range from two to six months' rent upfront when securing a Hak Po Street restaurant space.

What type of restaurant can be found on Hak Po Street, Causeway Bay, Hong Kong?

Hak Po Street in Causeway Bay, Hong Kong is home to a diverse array of restaurants that cater to both local and international tastes. This bustling street features traditional Cantonese dim sum restaurants, authentic Hong Kong-style tea restaurants (cha chaan tengs), Japanese sushi bars, Korean barbecue establishments, and Western-style cafes. Visitors to Hak Po Street can enjoy everything from local Hong Kong street food vendors serving fish balls and egg waffles to upscale dining establishments offering fine Cantonese cuisine. The area is particularly known for its seafood restaurants that serve fresh catches prepared in traditional Chinese cooking styles, as well as hotpot restaurants that are popular among both tourists and locals. Additionally, the street hosts several bubble tea shops, dessert cafes, and international fast-food chains, making it a comprehensive dining destination in the heart of Causeway Bay's shopping and entertainment district.