Very Popular Hostess Bar for Sale
This thread a hoot.
The price that could attract no buyers before is about to increase?
I love this country!
The price that could attract no buyers before is about to increase?
I love this country!
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So the bar makes at least $27,000 per year in net profit after all expenses are paid?barforsalecambodia wrote: I am valuing it from a business perspective. There already is a $10k deposit, and the highest offer on this forum was $27k. If bought, that person would get their money back in a year.
I, like others, am curious about why you are selling, why you are only asking $60,000 for the bar (and why there have been no takers) if the bar is such a wonderfully easy source of money.
Follow my lame Twitter feed: @gavin_mac
- BubbaRamDas
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You BELIEVE it does??? Typically business deals are based on the tale of the books. No belief required, simply a certain trust that the books are not doctored.
- Lucky Lucan
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Sure, landlords are such trustworthy folk, I've never heard of one welshing on a deal...barforsalecambodia wrote:To clarify, I said that there is already a $10k deposit with the landlord for renting the house, which comes back to the tenant after the lease expires.
Romantic Cambodia is dead and gone. It's with McKinley in the grave.
I thought landlords in Cambodia where notorious for reneging on deposits??
If that is the case, you can kiss your $10,000 bye bye.
If that is the case, you can kiss your $10,000 bye bye.
- vladimir
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That should be stapled to the head of every new expat in town. They'd probably still ignore it.Khmeria wrote:I was under the impression that you could buy a bar for about $10k
I can't imagine they make a lot of money
ירי ילדים והפצצת אזרחים דורש אומץ, כמו גם הטרדה מינית של עובדי ההוראה.
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So, if I understand all of this correctly,
Barforsalecambodia, you are ;
an adult person
with an education
in a foreign country
owner of a bar, where by great exception, even US embassy staff (see post JM) is permitted to enter by their embassy
and after a few years of ownership
and about six months trying to sell this bar
After a very long time, You actually admit you have managed to earn a solid 50 bucks a day. every day.
That truely is an achievement. You must be a very proud person.
Whats up next ? Whats your next move to get your arse out of all this ?
Barforsalecambodia, you are ;
an adult person
with an education
in a foreign country
owner of a bar, where by great exception, even US embassy staff (see post JM) is permitted to enter by their embassy
and after a few years of ownership
and about six months trying to sell this bar
After a very long time, You actually admit you have managed to earn a solid 50 bucks a day. every day.
That truely is an achievement. You must be a very proud person.
Whats up next ? Whats your next move to get your arse out of all this ?
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I cannot believe I am going to defend this Turkey but.mannacambodia wrote: After a very long time, You actually admit you have managed to earn a solid 50 bucks a day. every day.
That truely is an achievement. You must be a very proud person.
Whats up next ? Whats your next move to get your arse out of all this ?
Actually $50 bucks a day income/profit is pretty good.
When you own a bar you pay for very few drinks or food which is cooked by the staff for you. Your main expense is accommodation if you live elsewhere and drinking elsewhere. If you live on premises you are actually saving most of your money/income, something few do in Cambodia, even those on decent salaries.
Going out eating and drinking and to a lesser extent consorting with some of the ladies, are the main forms of recreation in PP. To be able to do this and put money in your pocket is an achievment in itself.
The thing about owning a bar in Cambodia is while it may not make a profit you spend far far less of your capital or offshore income than those who have just retired to Cambodia. A bar can be a lifestyle investment, you essentially have the same social life as everyone else but it doesn't cost too much to live the life.
Whilst I think his bar is grossly overpriced given the risk, if he does put $50 per day in his pocket then it is worth far more than the usual $5-10k for the standard loss making hole in the wall bar.
Buying a bar in Cambodia is more about buying a lifestyle and an entry in the expat community and minimising the drain on capital than about making money.
Face it, if you wanted to make real moey and be paid a decent hourly rate then, for the most part, Cambodia is not where you would live,
The downside is that you are usually tied to your bar, because unless it is a girlie bar (which in this case it is) if you are not in the bar usually walk in barangs will just leave as the stilted conversation and company of the local bar staff is not really what they are after.
I tried it at a bar I had a partnership in in SHV in 2004. I myself did not like being tied to one bar - and one place - earning maybe $1 per hour when I was on leave from a $50/hr job. It was preferable to me to go work for 4 months a year and then just have a great life spending money in Cambodia for the rest of the year. (However my life took a different turn - marriage and family -but it did work for a few years). But to many who do not have good education nor well paid jobs in the west, owning a bar in Cambodia gives a far better lifestyle than they can afford in their home country.
To the poster who poo pooed BFSC for having a great lifestyle and pocketing $50 per day without the man looking over his shoulder .. think about this... do you have a similar lifestyle and still save as much?
Note to self: Must be nice to morons.
Being a "bar owner" is mainly a newbie illusion that can shatter any day, as you are at the mercy of changing legislation and as LJ said, you are tied to your bar in a way you wouldn't be in most other businesses. $50/day may be good on a relative, local scale but is peanuts on a global one, and won't cover you over any kind of mid to long term prospect.
It is also, ironically, one of the most illiquid "investments" one could make, as this entire thread has been proving for months.
To me the only really profitable aspect of the bar business model is : owning the walls and collecting rent from the business "owner".
It is also, ironically, one of the most illiquid "investments" one could make, as this entire thread has been proving for months.
To me the only really profitable aspect of the bar business model is : owning the walls and collecting rent from the business "owner".
69 bar has been sold?
I may have bought that one especially since one of the workers there that I know there is as sharp as a knife and would have made me money.
Up down has a chequered history and in its latest incarnation looks good but wont make any money.
I may have bought that one especially since one of the workers there that I know there is as sharp as a knife and would have made me money.
Up down has a chequered history and in its latest incarnation looks good but wont make any money.
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