Garage Bar In Phnom Penh, Cambodia FOR SALE AGAIN for $15,000
- General Mackevili
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Garage Bar In Phnom Penh, Cambodia FOR SALE AGAIN for $15,000
The once popular expat bar, Garage Bar, on Street 110 off of Phnom Penh's riverside is for sale again.
Considering this is the third time it's been flipped recently, I think it's clear it's an unprofitable "business" to buy, but if you have $15,000 to blow, could make for a fun hobby.
The owner says it's "profitable," but making $1 more than you spent buying it and running it could technically be considered "profitable" by some standards, LoL.
And to add insult to injury, it appears it only has about 2 more years on the lease at $1,000 a month, so you have only 2 years to get in there and hopefully "profit." And we all know what happens at the end of a lease in Cambodia most of the time.
So, with the cost of the business plus the rent you'll need to "PROFIT" $40,000 just to break even, and that's before even paying any staff.
Sounds like a shit deal to me, but I'm a bit biased after the whole $6 Lady Drink fiasco there last year, and I'm glad to see it on the market.
The owner says there's a "legitimate reason for sale," and I would assume being unprofitable as fuck falls under a very legitimate reason, so buy it and be the next Garage Bar owner with a legitimate reason to sell.
"Life is too important to take seriously."
"Life does not cease to be funny when people die any more than it ceases to be serious when people laugh."
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- StroppyChops
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Re: Garage Bar In Phnom Penh, Cambodia FOR SALE AGAIN for $15,000
To be fair - weren't you banned from there?
Bodge: This ain't Kansas, and the neighbours ate Toto!
Re: Garage Bar In Phnom Penh, Cambodia FOR SALE AGAIN for $15,000
Iconic? Webster's says: "widely known and acknowledged especially for distinctive excellence". Yea, that's it. You can buy it and sit outside alone watching all the customers flood in and out of Larry's.
- General Mackevili
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Re: Garage Bar In Phnom Penh, Cambodia FOR SALE AGAIN for $15,000
Haha, yes, that's what I linked to.StroppyChops wrote:To be fair - weren't you banned from there?
"Life is too important to take seriously."
"Life does not cease to be funny when people die any more than it ceases to be serious when people laugh."
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Re: Garage Bar In Phnom Penh, Cambodia FOR SALE AGAIN for $15,000
No idea how beer is still sold so cheaply with rents that high. That is why bars like this will never make real money
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- Duncan
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Re: Garage Bar In Phnom Penh, Cambodia FOR SALE AGAIN for $15,000
I've walked into that place many times and me being a non drinker of alcohol, I'm almost tempted to buy it, as I know I could make it run at a profit.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
- General Mackevili
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Re: Garage Bar In Phnom Penh, Cambodia FOR SALE AGAIN for $15,000
Will I be unbanned?Duncan wrote:I've walked into that place many times and me being a non drinker of alcohol, I'm almost tempted to buy it, as I know I could make it run at a profit.
"Life is too important to take seriously."
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- Duncan
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Re: Garage Bar In Phnom Penh, Cambodia FOR SALE AGAIN for $15,000
General Mackevili wrote: ↑Wed Jun 07, 2017 1:41 pmWill I be unbanned?Duncan wrote:I've walked into that place many times and me being a non drinker of alcohol, I'm almost tempted to buy it, as I know I could make it run at a profit.
Have you ever heard of a two headed hammer.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
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- Expatriate
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Re: Garage Bar In Phnom Penh, Cambodia FOR SALE AGAIN for $15,000
Stick around for a while in PP or SR (possibly SHV, too) and you see bars, restaurants and so on open with
joyous fanfare and - sad to say - close with tears or even shutter their doors silently, like torpedoed ships.
The splendid Party Bar on Soksan in SR being one such, among many ...
I'd be interesting to know the percentage of those foreigners who walked away with more money than they
brought in - twenty percent, maybe?
joyous fanfare and - sad to say - close with tears or even shutter their doors silently, like torpedoed ships.
The splendid Party Bar on Soksan in SR being one such, among many ...
I'd be interesting to know the percentage of those foreigners who walked away with more money than they
brought in - twenty percent, maybe?
- hanno
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Re: Garage Bar In Phnom Penh, Cambodia FOR SALE AGAIN for $15,000
Way too optimistic.boozyoldman wrote: ↑Wed Jun 07, 2017 4:25 pm Stick around for a while in PP or SR (possibly SHV, too) and you see bars, restaurants and so on open with
joyous fanfare and - sad to say - close with tears or even shutter their doors silently, like torpedoed ships.
The splendid Party Bar on Soksan in SR being one such, among many ...
I'd be interesting to know the percentage of those foreigners who walked away with more money than they
brought in - twenty percent, maybe?
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