Quote: (08-27-2015 06:17 PM)optimus Wrote:
I'll never discourage you from following your dreams but…
Do you have any experience managing a business, specially a bar? Have you worked in one before? If you don't have experience in business, you're going to regret it.
30k seems not much. Find a business partner willing to work and put capital too. Don't put a friend. You'll end up losing your friendship.
I have experience in the daily management of a small (non-internet based) business, yes. Running a bar, anyway, cannot be rocket-science... I don't really understand why RVFers here (and my own friends "in real life" actually) always say "
running a bar or a restaurant is incredibly hard"??... I mean, come on:
buying and selling alcohol or fresh or cooked products, keeping a lobby clean, keeping an eye on a couple of employees, it is not landing someone on the moon?... I'm pretty sure any energetic, serious man (red-pillers are!) can do it.
Quote: (08-27-2015 06:20 PM)rudebwoy Wrote:
Greek Islands
Good idea
![[Image: idea.gif]](https://rooshvforum.network/images/smilies/new/idea.gif)
, thanks. Still lots of tourists in those Greek Islands, but operational costs are down due to the local crisis, employees would come cheap... But, I wouldn't do it in the islands that are currently overrun by the migrants (like... the island of Lesbos
http://www.theguardian.com/world/2015/ju...d-migrants )...
Quote: (08-27-2015 06:22 PM)Brodiaga Wrote:
DO NOT open a bar in a 3rd world country like Thailand unless you really, really know what you are doing. I have an acquaintance who lost money doing it, also heard of many other people who got burned. If you don't believe me, check out expat forums and ask the expats who live there.
Yes, unfortunately Thailand would require a local partner with majority share... out of the question. But what about neighboring Cambodia? Or even, Singapore, why not (ok, 40K in Singapore probably are nothing?)?
Quote: (08-27-2015 06:38 PM)C-Note Wrote:
Quote: (08-27-2015 06:22 PM)Brodiaga Wrote:
DO NOT open a bar in a 3rd world country like Thailand unless you really, really know what you are doing. I have an acquaintance who lost money doing it, also heard of many other people who got burned. If you don't believe me, check out expat forums and ask the expats who live there.
Second. All the Western guys I know who have opened bars in the Philippines, Thailand, or Japan were married to local girls. The girls helped make sure things were cool with the local wiseguys, the local government authorities (including the police), etc
Also, realize, that because opening a bar has a low barrier for entry, i.e. no special skills are required, only a lump of money you can get from a loan shark, every viable place to open a bar already has a bar up in operation. Because of that, most bars outside the West only provide their owners with subsistence living wages. Many owners make their living by owning the entire building in which the bar is located and renting out the apartments upstairs.
"every viable place to open a bar already has a bar up in operation": yes, in many touristy places, I am aware of that: if a location is good, sadly it has been taken already... but, global population is on the rise, resorts and cities are expanding... one needs to find the right spot in the right town... For example, I received very interesting PMs from a RVFer, about a neighborhood in a Baltic city, with 20K people, and just one bar in it... that is the kind of places I am looking for, it exists
Quote: (08-28-2015 03:08 AM)yellowfever Wrote:
There's a great hostel bar in Hanoi called Hanoi Rocks Hostel which is pretty much as you describe. They have a main bar, a club, a lounge bar, and a floor of dorms, and it's all executed perfectly.
The only catch was they seemed to be harassed constantly by the police while I was there, apparently due to some sort of government inspection of the city that time. The police would come around at least once per night, and the bar had to close early at about 11pm.
So anyway even if you paid a tonne of protection to get rid of the police, you'd still have the problem of competition with the other established hostel bars.
Also in any case, you'd have a really hard time in northern Vietnam as an American (?), whatever you do try set up shop in a country that your country hasn't lost a war to. Are you planning to invest the time into learning the local language of where you build it?
Saigon could be do-able, but once again it looked pretty saturated. Da Nang might be possible, and could be near a beach.
Bali also seemed super saturated, and the other places I don't know enough about. Good luck
Yes, Da Nang is on my radar, thanks to this forum and a poster called Papi rico (Sweet pea also, I think)
By the way, I am French, so to Vietnam we also lost a war
![[Image: undecided.gif]](https://rooshvforum.network/images/smilies/undecided.gif)
... but, I gather there is not the same kind of hard-feeling, probably because apart from the Dien Bien Phu strategic and human catastrophe, there was no large-scale killing involved...
And yes I would learn the language, but obviously couldn't get near fluent before like, I dunno, year and a half?... it is a problem, sure. I'd need local helpers... but, labor is cheap there, an interpreter-lawyer cannot cost that much to hire...?
Quote: (08-28-2015 04:36 AM)Phoenix Wrote:
Quote: (08-27-2015 04:23 PM)Going strong Wrote:
I am thinking of opening, beginning of 2016, a bar/pub abroad. Or a hostel combined with bar. Well, could you give me advice on that? Not that much about the technical constraints (even though legal details do interest me), amount of working-hours involved... but more like, where would you do it, in which city, and why there?
It's feasible if you know how to run one. It's basically the easiest way, in terms of visas, to settle in another country (depending on if you consider marriage 'easy'). Governments are generally favourable to foreign capital inflows, as they get to loot a percentage from it. For instance, in Japan I think the capital threshold is about $50K, so if you can buy or setup a bar or cafe or whatever worth more than that, you're set. The only issue then is the bar paying for itself, which is where the 'knowing how to run one' (inc. marketing and theming it right) comes in.
I disagree with Menace - I've met many people who've done exactly this, and some of them had done exceedingly well (i.e. they caught an wave). Something like this would be my go-to for attempting to move permanently to another country if I had a free chunk of capital to spare.
As for city, don't know. Probably some sunny place in Asia that's completely off the map, peaceful, pleasurable and scenic, and no-ones ever heard of.
Quote: (08-27-2015 04:23 PM)Going strong Wrote:
Vietnam (Saigon, or a coastal city)
The Philippines (God, let it not be Manila, I dislike pollution)
If you dislike pollution, you'll hate Saigon. Very much so. You know you're breathing in some seriously thick nasty shit, but it's not until visiting a coastal area that you really appreciate just how pleasurable fresh air is. I think Thailand would be OK, but foreign ownership laws are quite restrictive.
Thanks to you, first-World Japan has just popped on my radar
![[Image: idea.gif]](https://rooshvforum.network/images/smilies/new/idea.gif)
... 50k is doable, and if it ensures a permanent residency visa, it might be worth it. (Would I loose the visa if I had to close the bar at some point?)...
And yes, I also know French people who opened a bar in second-tier Colombia and are making nice money out of it, and got residency visas in the process quite easily... So, some people are successful at it, I wonder what the percentages would be...
(And let's not forget China! there has to be golden opportunities there in tourism, from what i am told)