Running a bar in the canaries
#1
Just Joined
Thread Starter
Joined: Aug 2008
Posts: 13
Running a bar in the canaries
Hi all
I've posted before and got a bit of advice (hopefully positive). Me and my partner are looking to move to one of the canaries maybe lanzarote to an area such as old puerto del carmen and maybe renting a small bar that is drinks only in the evening in approximately 4/5 years time. Everyone has said don't do it, you'll be bankrupt, but I am also a hairdresser and my partner has done property maintenance and will be by then an electrician in UK. Personally I would love to go to Oz but my partner has 2 kids that will be staying in the UK and would like to see on a regular basis so a bit hard from Oz. Do you think research and visits would be enough or is it just pie in the sky or can you suggest somewhere where we would do better? ANy advice welcome!
Sx
I've posted before and got a bit of advice (hopefully positive). Me and my partner are looking to move to one of the canaries maybe lanzarote to an area such as old puerto del carmen and maybe renting a small bar that is drinks only in the evening in approximately 4/5 years time. Everyone has said don't do it, you'll be bankrupt, but I am also a hairdresser and my partner has done property maintenance and will be by then an electrician in UK. Personally I would love to go to Oz but my partner has 2 kids that will be staying in the UK and would like to see on a regular basis so a bit hard from Oz. Do you think research and visits would be enough or is it just pie in the sky or can you suggest somewhere where we would do better? ANy advice welcome!
Sx
#2
Re: Running a bar in the canaries
Hi all
I've posted before and got a bit of advice (hopefully positive). Me and my partner are looking to move to one of the canaries maybe lanzarote to an area such as old puerto del carmen and maybe renting a small bar that is drinks only in the evening in approximately 4/5 years time. Everyone has said don't do it, you'll be bankrupt, but I am also a hairdresser and my partner has done property maintenance and will be by then an electrician in UK. Personally I would love to go to Oz but my partner has 2 kids that will be staying in the UK and would like to see on a regular basis so a bit hard from Oz. Do you think research and visits would be enough or is it just pie in the sky or can you suggest somewhere where we would do better? ANy advice welcome!
Sx
I've posted before and got a bit of advice (hopefully positive). Me and my partner are looking to move to one of the canaries maybe lanzarote to an area such as old puerto del carmen and maybe renting a small bar that is drinks only in the evening in approximately 4/5 years time. Everyone has said don't do it, you'll be bankrupt, but I am also a hairdresser and my partner has done property maintenance and will be by then an electrician in UK. Personally I would love to go to Oz but my partner has 2 kids that will be staying in the UK and would like to see on a regular basis so a bit hard from Oz. Do you think research and visits would be enough or is it just pie in the sky or can you suggest somewhere where we would do better? ANy advice welcome!
Sx
oh for a crystal ball
who knows what advice you'd get in 4/5 years time - even just 2 years ago we were telling people 'go for it - you've nothing to lose'! (not about the bar - we'd always have advised against that - but as far as coming to spain)
now most of us would say 'don't do it! - unless you have a very good job lined up'
spend the next four years learning spanish & work in a bar - if you find it hard in the UK you'd hate it here in spain
good luck
#3
Re: Running a bar in the canaries
I think must people would say don't do it, However if you choose to go ahead the advice above is good all I would add is buy the bar outright, Do not go into debt, This is the down fall of most of the returning Brits. No debts is the key.
#4
Re: Running a bar in the canaries
Hi all
I've posted before and got a bit of advice (hopefully positive). Me and my partner are looking to move to one of the canaries maybe lanzarote to an area such as old puerto del carmen and maybe renting a small bar that is drinks only in the evening in approximately 4/5 years time. Everyone has said don't do it, you'll be bankrupt, but I am also a hairdresser and my partner has done property maintenance and will be by then an electrician in UK. Personally I would love to go to Oz but my partner has 2 kids that will be staying in the UK and would like to see on a regular basis so a bit hard from Oz. Do you think research and visits would be enough or is it just pie in the sky or can you suggest somewhere where we would do better? ANy advice welcome!
Sx
I've posted before and got a bit of advice (hopefully positive). Me and my partner are looking to move to one of the canaries maybe lanzarote to an area such as old puerto del carmen and maybe renting a small bar that is drinks only in the evening in approximately 4/5 years time. Everyone has said don't do it, you'll be bankrupt, but I am also a hairdresser and my partner has done property maintenance and will be by then an electrician in UK. Personally I would love to go to Oz but my partner has 2 kids that will be staying in the UK and would like to see on a regular basis so a bit hard from Oz. Do you think research and visits would be enough or is it just pie in the sky or can you suggest somewhere where we would do better? ANy advice welcome!
Sx
Im all for planning ahead but 4/5 years!! a lot can happen in that time, Lanzerote will then be run by Morocco and under strict Islamic law
Keep it as a dream until a year before , then forget it as you will go bust, it would be cheaper to invite all and saundry round your house and give drinks away
If you insist on going bust make sure you work on site at any potential purchase for at least a month so you can see the "real" takings ,and remember good will is worth nothing in the business world, fixtures and fittings in most bars could be purchased for less than 1k€ ,any astute business person would want paying to take a bar on-fact
#5
Banned
Joined: Mar 2008
Posts: 1,030
Re: Running a bar in the canaries
oh for a crystal ball , who know whats going to happen pm me and i fill you in what happen down there good mate in the pub game
jurdy
jurdy
#6
Banned
Joined: Dec 2006
Location: Living in a good place
Posts: 8,824
Re: Running a bar in the canaries
Lots more opportunities in Oz for a young couple. Drinks bars just do not make enough profit.
#7
Forum Regular
Joined: Jul 2008
Posts: 189
Re: Running a bar in the canaries
the only people that make money out of bars are the freeholders who rent or lease them
there are a very few exceptions if the location is right and the rent is not to high and the council are ok
there are a very few exceptions if the location is right and the rent is not to high and the council are ok
#8
Just Joined
Thread Starter
Joined: Aug 2008
Posts: 13
Re: Running a bar in the canaries
Thanks guys - much appreciated advice - is there any advice on what jobs we can do then instead of buying a bar - we hate the UK now and I know its 4/5 years away but any suggestions of jobs we could do if we still decide to come over. I will be a qualified hairdresser and partner a uk qual electrician hopefully or is it all bleak and the only work we'd get would be bar work?
Thanks again guys
Sx
Thanks again guys
Sx
#9
Re: Running a bar in the canaries
Thanks guys - much appreciated advice - is there any advice on what jobs we can do then instead of buying a bar - we hate the UK now and I know its 4/5 years away but any suggestions of jobs we could do if we still decide to come over. I will be a qualified hairdresser and partner a uk qual electrician hopefully or is it all bleak and the only work we'd get would be bar work?
Thanks again guys
Sx
Thanks again guys
Sx
who knows what will happen 4/5 years?
people will always need their hair cut (unless fashions change radically), but a UK qualified electrician will not be qualified to work here (unless I've misunderstood everything I've read in the past 4 years on here)
OMG is it really that long
#10
Banned
Joined: Mar 2007
Location: inaskip
Posts: 1,380
Re: Running a bar in the canaries
as I said before - oh for a crystal ball
who knows what will happen 4/5 years?
people will always need their hair cut (unless fashions change radically), but a UK qualified electrician will not be qualified to work here (unless I've misunderstood everything I've read in the past 4 years on here)
OMG is it really that long
who knows what will happen 4/5 years?
people will always need their hair cut (unless fashions change radically), but a UK qualified electrician will not be qualified to work here (unless I've misunderstood everything I've read in the past 4 years on here)
OMG is it really that long
#11
Re: Running a bar in the canaries
Hi all
I've posted before and got a bit of advice (hopefully positive). Me and my partner are looking to move to one of the canaries maybe lanzarote to an area such as old puerto del carmen and maybe renting a small bar that is drinks only in the evening in approximately 4/5 years time. Everyone has said don't do it, you'll be bankrupt, but I am also a hairdresser and my partner has done property maintenance and will be by then an electrician in UK. Personally I would love to go to Oz but my partner has 2 kids that will be staying in the UK and would like to see on a regular basis so a bit hard from Oz. Do you think research and visits would be enough or is it just pie in the sky or can you suggest somewhere where we would do better? ANy advice welcome!
Sx
I've posted before and got a bit of advice (hopefully positive). Me and my partner are looking to move to one of the canaries maybe lanzarote to an area such as old puerto del carmen and maybe renting a small bar that is drinks only in the evening in approximately 4/5 years time. Everyone has said don't do it, you'll be bankrupt, but I am also a hairdresser and my partner has done property maintenance and will be by then an electrician in UK. Personally I would love to go to Oz but my partner has 2 kids that will be staying in the UK and would like to see on a regular basis so a bit hard from Oz. Do you think research and visits would be enough or is it just pie in the sky or can you suggest somewhere where we would do better? ANy advice welcome!
Sx
#12
Forum Regular
Joined: Jul 2008
Posts: 189
Re: Running a bar in the canaries
in 4 to 5 years you could be dead
just dont buy a bar in spain if you are not dead
nobody listens
DONT BUY A BAR IN SPAIN
unless...you are very good with years of xp in the catering trade,get prime position and have a lot of cash
nope,thinking about it dont do it you will lose a lot of money
nobody listens
just dont buy a bar in spain if you are not dead
nobody listens
DONT BUY A BAR IN SPAIN
unless...you are very good with years of xp in the catering trade,get prime position and have a lot of cash
nope,thinking about it dont do it you will lose a lot of money
nobody listens
#13
Re: Running a bar in the canaries
in 4 to 5 years you could be dead
just dont buy a bar in spain if you are not dead
nobody listens
DONT BUY A BAR IN SPAIN
unless...you are very good with years of xp in the catering trade,get prime position and have a lot of cash
nope,thinking about it dont do it you will lose a lot of money
nobody listens
just dont buy a bar in spain if you are not dead
nobody listens
DONT BUY A BAR IN SPAIN
unless...you are very good with years of xp in the catering trade,get prime position and have a lot of cash
nope,thinking about it dont do it you will lose a lot of money
nobody listens