Are Bars Viable
Posted: Wed Apr 12, 2017 9:40 pm
Hi i have been visiting PP for a number of years visiting a good friend of mine who is an expat. Last few years other friends have come as well. They all seem to go through the normal emotions and love the care free lifestyle that an expat can live in Cambodia and cannot believe the cost of living. So with out fail the million dollar question gets asked. "Hey why don't we buy a bar"???] Well the obvious response is that there are too many already.
However this did make us even more curious on how all these bars are able to survive. So I thought I would ask some question which we raised amongest ourselves. Your Opinions will be valued but I would be really interested in hearing from anyone who has facts and possible has had experience in this industry.
1. With so many bars around S136,130 and s110 are they profitable. I saw the Angry Bird Banner come up here, and I was told that the owner several bars. So he can capture the majority of the traffic. I am also lead to believe that there are multiple bars owned by or have shares by the same person. So either you are investing more money to capture more of the market other words buying market share as it is very competitive or you are doing really well and are expanding your empire??
2. What are these bars worth to buy I herd some want $40,000 and others are asking in access of $100,000, I know this will depend on the bar but does anyone know what they are asking and are they worth it. Some have been around for years so they must be doing OK or is it a case where they where doing OK.
3. What will it cost to set up a bar in average and what will be the outgoings associated. Rent, power, Stock, staff.
Thanks in advance for any reply.
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However this did make us even more curious on how all these bars are able to survive. So I thought I would ask some question which we raised amongest ourselves. Your Opinions will be valued but I would be really interested in hearing from anyone who has facts and possible has had experience in this industry.
1. With so many bars around S136,130 and s110 are they profitable. I saw the Angry Bird Banner come up here, and I was told that the owner several bars. So he can capture the majority of the traffic. I am also lead to believe that there are multiple bars owned by or have shares by the same person. So either you are investing more money to capture more of the market other words buying market share as it is very competitive or you are doing really well and are expanding your empire??
2. What are these bars worth to buy I herd some want $40,000 and others are asking in access of $100,000, I know this will depend on the bar but does anyone know what they are asking and are they worth it. Some have been around for years so they must be doing OK or is it a case where they where doing OK.
3. What will it cost to set up a bar in average and what will be the outgoings associated. Rent, power, Stock, staff.
Thanks in advance for any reply.
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