Ok,hello,im new to this forum,,would like to ask if anybody could give me the name of a website or advice about opening a bar,,cost of unexpected overheads etc,licenses etc,,,many thanks,,,ian.
Yep, I was one of those "scum of the earth" folk lol. I didnt really think about it too much at the time, but a friend of mine (an agent)used to get a few friends to visit a bar at a particular time for drinks and a chat to make various bars look busy for a viewing. So it does happenwhen you are looking look out for rent a crowd,scum of the earth where a bar owner gets all his mates in to make it look like the bar is busy.
Ian have you thought of buying into a bar already running owned by a spaniard?................................... and now all i really want to do is have a go at something else,besides i would only be prepared to gamble maybe ÂŁ15,to ÂŁ20,000 ........................
Hi Everyone,
Thought I should come here and update the status of my friend because I recently saw another thread about buying/investing in a bar. To those who are still considering it, do not do it! My friend bought an existing cafe from someone in December and it honestly has not been doing well. I manage his books and have just seen a loss for the past few months. Granted it's only been a few months but still it was an existing cafe with an existing client base, so there shouldn't be this much of a loss already.
Before purchasing the cafe, he said he always saw it pretty busy with a good amount of customers and whatnot. I now think that maybe it was a 'rented crowd' or the previous owner's friends. Who knows?! I tried steering my friend away from this business idea but he thought I was just being a naysayer. I told him about all the wonderful people on this forum who gave me realistic advice and he got upset and said that I don't know what I'm talking about just from reading stuff online and that the area of his cafe is different than other areas in Spain...I think after seeing the numbers the cafe pulls in that the individuals in this forum were correct! Seems like any area of Spain is risky to conduct business in unless you have the finances to afford the loss in the end.
My friend is of course too stubborn to admit that maybe you guys are right and that I do have a point even if I'm in the U.S while giving this advice.
Again, thank you so much to all of you for your time and honesty. I really hope my post steers away others from attempting the same endeavor. Do something more wise with your money rather than investing it in something that has a really high risk!