sabay tey wrote: ↑Sun Jul 01, 2018 5:24 pm Bar is sold. Thank you.

that genius wrote:Tbh, was not reasonable, was a damn giveaway.

that genius wrote: ↑Sun Jul 01, 2018 6:32 pm Tbh, was not reasonable, was a damn giveaway.

jah steu wrote: ↑Sun Jul 01, 2018 7:06 pm

that genius wrote:Tbh, was not reasonable, was a damn giveaway.

Maybe. It’s rare to meet a landlord who will change the name of the lease holders on an existing lease. You would need to do that to get the $2,100 deposit back at the end of the lease term.
Usually the landlord says that the lease has been broken and so the deposit is forfeited. A new lease is drawn up, in the new names, with a new deposit.
So I’d be doubtful if this deposit could be transferred. The only sure way is by becoming a sub-tennant on the existing lease but that brings its own problems.
The depreciated value of the items in the bar, the aircons, TVs etc might be worth around $2,000. I had a look last night. Small aircons, small TVs. A few bar stools and used sofas. It needs redecorating.
The location is difficult if you want to run it as a hostess bar. It’s on a dark street with no other bars near it. It would take a long time to build up a good regular clientele, assuming you could get some experienced attractive staff to work there, and that’s a big if.
But best wishes to the new buyer. It’s a tough business environment out there at the moment.


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sabay tey wrote: ↑Sun Jul 01, 2018 5:24 pm Bar is sold. Thank you.

bolueeleh wrote:
do u always go scope out the competition?

jah steu wrote: ↑Sun Jul 01, 2018 8:01 pm

bolueeleh wrote:
do u always go scope out the competition?

Absolutely! Marketing 101. Find out what they’re doing better or worse than me...
In this case I also wanted to see if it was worth buying and turning into a very discreet but raunchy bar
But I thought it needed too much renovating to make it worth while.



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