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Where to open a bar in 2016, and why
#49

Where to open a bar in 2016, and why

Quote: (08-29-2015 04:22 AM)Going strong Wrote:  

Quote: (08-28-2015 10:59 PM)lavidaloca Wrote:  

I think it sounds better than it really is. A lot of people imagine themselves owning the popular nightclub with attracts the high end chicks. Unfortunately 9/10 owners have a mediocre bar / night club that isn't really a huge DHV. It's a job that will have you working awful hours as well. Who really wants to work at 2am on a Saturday?

I'd love to be the owner of the nightlife hot spot in a city but I certainly wouldn't want to be the owner of Frankies Neighborhood Bar & Grill. Option 1 will give me access to local models. Option 2 will give me access to 35 year old woman with 3 kids from 3 dads.

The problem is with 30-40k I don't really see you having the investment capital to turn it into a hot spot or high end place. Although I'm guessing that isn't your goal. 30-40k also seems rather low to me to start this type of business.

Typically the best businesses are one with high barriers to entry and / or industry that aren't sexy. Bars / Nightclubs is a sexy industry with low barrier to entry. That combination screams bad investment.

But 30k or 40k are more than enough in some 3d or 2d-world places (once again, Sihanoukville, or Subic Bay come to mind)

About Puerto Rico, it is indeed interesting!
But what do you mean, "no immigration requirement"? Only for US citizens, surely? And what about labor costs? It is the first-world after all, surely it is nowhere as cheap as the Rep Dominicana? What would 30k represent in Puerto Rico, not much I guess?

About English food, no offense meant, it is more like a joke we French enjoy to make[Image: blush.gif], each time there is talk about English food. I actually like fish and chips (and beer), and cheesecakes...

No immigration requirements to move from the US or if you are a US resident or citizen. 30K is not much anywhere but you can make it work if you want to. Labor rates in PR lowest in the US. While labor is cheaper in the DR I do not find DR cheap otherwise. Have you been any of these places?
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