Cool beans cafe and bar for sale

Yes... we are absolutely interested in your $50,000 bar for sale with 3 stools and no customers.
Markjosborn
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Re: Cool beans cafe and bar for sale

Post by Markjosborn » Thu Nov 02, 2017 4:52 am

It’s not to hard, when a cup of coffee costs about $0.23 to make
Jerry Atrick
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Re: Cool beans cafe and bar for sale

Post by Jerry Atrick » Thu Nov 02, 2017 12:40 pm

Markjosborn wrote:
Thu Nov 02, 2017 12:17 am
Jerry Atrick wrote: Maybe I've been harsh.

I mean, it's not as though the location is on quiet street with a huge permanent garbage pile and that streets floods a metre deep multiple times per year, is it?
As of next month the garbage is getting sorted because friends have complained. As for the flood, yes it does ,not 1 meter but that is now started to get work done on st 172 and we’re next.
Also the Hyatt will be finished next year, so that’s even more customers
Yes,yes. Sure :lol:

Basically I was prob too harsh with my 3.5k price, but the reality is that you will be extremely lucky to find somebody willing to pay what you have spent on the place so far plus your deposit.

It looks like you set the place up and have now realised you will never make money there and want to flip it for some BS figure based on . . . nothing you have done there as a business, or ever will do.

If you had a year or two of audited accounts showing a modest profit of $1500/2000 per month then you would be entitled to ask around the $35000/40000 mark, but you don't.

However, there's a sucker born every minute. . .
Bitte_Kein_Lexus
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Re: Cool beans cafe and bar for sale

Post by Bitte_Kein_Lexus » Thu Nov 02, 2017 5:24 pm

I'm with Jerry. It's esy to justify a price by saying "I spent more than that", but that doesn't give the place it's worth. Let's see:
$35 000 investment which needs to be recouped over two years. You say the lease is extendable: I'm assuming that mean's it can be extended with a slight increase (likely 20-25%, that is, unless the landlord decides otherwise). So that still means one has two years to recoup the money. You're now breaking even. In order to recoup one's 35K investment, they'd need to make over $1k of net profits each month. That's obviously not even counting the salary you'd hope to be making for yourself (hopefully another $1000-2000+). New owners would need to turn around a place that's breaking even, to making an extra $2-3/month... The place is brand new, thus has no goodwill towards it, and competition in the sector is fierce. It's hard to attract investors when the business you're selling isn't actually making money and the lease is so short.
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Garry.Crabtree
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Re: Cool beans cafe and bar for sale

Post by Garry.Crabtree » Thu Nov 02, 2017 6:11 pm

Markjosborn wrote:
Thu Nov 02, 2017 1:04 am
If there is no more demand why is a lot of the current business ex pats, all of them are waiting for the bakery to open because they do not like the current options
Hope the upcoming bakery goes well. Sounds like you knead the dough….
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vladimir
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Re: Cool beans cafe and bar for sale

Post by vladimir » Thu Nov 02, 2017 6:37 pm

I hope he at yeast breaks even.
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Garry.Crabtree
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Re: Cool beans cafe and bar for sale

Post by Garry.Crabtree » Thu Nov 02, 2017 6:43 pm

vladimir wrote:
Thu Nov 02, 2017 6:37 pm
I hope he at yeast breaks even.
If not, he'll be toast.
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vladimir
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Re: Cool beans cafe and bar for sale

Post by vladimir » Thu Nov 02, 2017 7:01 pm

He could have it with his e-leavenses
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Markjosborn
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Re: Cool beans cafe and bar for sale

Post by Markjosborn » Thu Nov 02, 2017 11:53 pm

Jerry Atrick wrote:
Thu Nov 02, 2017 12:40 pm
Markjosborn wrote:
Thu Nov 02, 2017 12:17 am
Jerry Atrick wrote: Maybe I've been harsh.

I mean, it's not as though the location is on quiet street with a huge permanent garbage pile and that streets floods a metre deep multiple times per year, is it?
As of next month the garbage is getting sorted because friends have complained. As for the flood, yes it does ,not 1 meter but that is now started to get work done on st 172 and we’re next.
Also the Hyatt will be finished next year, so that’s even more customers
Yes,yes. Sure :lol:

Basically I was prob too harsh with my 3.5k price, but the reality is that you will be extremely lucky to find somebody willing to pay what you have spent on the place so far plus your deposit.

It looks like you set the place up and have now realised you will never make money there and want to flip it for some BS figure based on . . . nothing you have done there as a business, or ever will do.

If you had a year or two of audited accounts showing a modest profit of $1500/2000 per month then you would be entitled to ask around the $35000/40000 mark, but you don't.

However, there's a sucker born every minute. . .
I do not want to sell, I have the will to continue.
But as I said, if you read the first part properly. My wife is now pregnant and starting a business is not as much a priority as my first child.
Family will always come first.
As for hoping for profits. At the moment we are now 2 days into this month and I have half the rent, so it’s not a issue of making money it’s a issue of family first.
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AndyKK
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Re: Cool beans cafe and bar for sale

Post by AndyKK » Fri Nov 03, 2017 12:04 am

Markjosborn wrote:
Thu Nov 02, 2017 11:53 pm
Jerry Atrick wrote:
Thu Nov 02, 2017 12:40 pm
Markjosborn wrote:
Thu Nov 02, 2017 12:17 am
Jerry Atrick wrote: Maybe I've been harsh.

I mean, it's not as though the location is on quiet street with a huge permanent garbage pile and that streets floods a metre deep multiple times per year, is it?
As of next month the garbage is getting sorted because friends have complained. As for the flood, yes it does ,not 1 meter but that is now started to get work done on st 172 and we’re next.
Also the Hyatt will be finished next year, so that’s even more customers
Yes,yes. Sure :lol:

Basically I was prob too harsh with my 3.5k price, but the reality is that you will be extremely lucky to find somebody willing to pay what you have spent on the place so far plus your deposit.

It looks like you set the place up and have now realised you will never make money there and want to flip it for some BS figure based on . . . nothing you have done there as a business, or ever will do.

If you had a year or two of audited accounts showing a modest profit of $1500/2000 per month then you would be entitled to ask around the $35000/40000 mark, but you don't.

However, there's a sucker born every minute. . .
I do not want to sell, I have the will to continue.
But as I said, if you read the first part properly. My wife is now pregnant and starting a business is not as much a priority as my first child.
Family will always come first.
As for hoping for profits. At the moment we are now 2 days into this month and I have half the rent, so it’s not a issue of making money it’s a issue of family first.
That is good! If it carries on at that rate. $7.500 per month. It maybe worth you reconsidering and get someone to run it. Giving you time with your new family and having an income for them too.
Markjosborn
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Re: Cool beans cafe and bar for sale

Post by Markjosborn » Fri Nov 03, 2017 12:12 am

It is something we are talking about, every month is better and now it’s coming up the busy season. I have been told by our neighbor, who owns a restaurant that I have done it right and I should stay.
But being our first child we both do not know how easy it will be to have a new business and child.
But at the end of the month we will decide if we have no offers
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