Thinking of opening a bar in Tenerife.
#31
Re: Thinking of opening a bar in Tenerife.
The fat lady was well-dressed, out of character with her surroundings and looked more intelligent than the rest of us.
#32
Banned
Joined: Aug 2009
Posts: 5,008
Re: Thinking of opening a bar in Tenerife.
but would not have gained valuable experience.
in the uk someone fails in business they are treated as failures in life
in the us someone fails in business they are welcomed with open arms - they have tried and have learnt and wont make the same mistakes again.
how goes it in Spain ?
in the uk someone fails in business they are treated as failures in life
in the us someone fails in business they are welcomed with open arms - they have tried and have learnt and wont make the same mistakes again.
how goes it in Spain ?
He/she will look you straight in the eye "next
#33
Re: Thinking of opening a bar in Tenerife.
Is this all a marketing campaign by the fashion group NEXT ??
#35
BE Enthusiast
Joined: Jan 2008
Location: Alhaurin el Grande
Posts: 582
Re: Thinking of opening a bar in Tenerife.
I lived in Tenerife for 2 years & have seen too many people lose too much money on bar ventures there. Why do people who have no bar experience whatsoever want to embark on the venture?
The normal scenario is a couple make some money over years, not from business success but from a bit of luck moving & selling houses at the right time & accruing a substantial amount of equity in the process. They are mortgage free & having brought up 4 kids know how to cook so decide to sell up & plough all their savings into their dream bar.
Having bought the bar you have to pay rent for the premises, meaning most people in the current climate are actually losing money. Once your savings have run out & you can't afford to pay the rent anymore, the landlord evicts you & you lose your investment.
Homeless & without a job in Tenerife you then return to the UK where you share with relatives or get a council flat. Leaving the UK to returning back again skint normally takes about 12 months.
I'm sure you'll embark on this venture anyway because you know better than me, but in a years time when you're cramped into your brothers spare bedroom, think back to all the prople that tried to talk you out of it.
p.s. once you get there & you find an empty bar that has been up for sale for 12 months, take a look & ask yourself why it's been up for sale so long...........
The normal scenario is a couple make some money over years, not from business success but from a bit of luck moving & selling houses at the right time & accruing a substantial amount of equity in the process. They are mortgage free & having brought up 4 kids know how to cook so decide to sell up & plough all their savings into their dream bar.
Having bought the bar you have to pay rent for the premises, meaning most people in the current climate are actually losing money. Once your savings have run out & you can't afford to pay the rent anymore, the landlord evicts you & you lose your investment.
Homeless & without a job in Tenerife you then return to the UK where you share with relatives or get a council flat. Leaving the UK to returning back again skint normally takes about 12 months.
I'm sure you'll embark on this venture anyway because you know better than me, but in a years time when you're cramped into your brothers spare bedroom, think back to all the prople that tried to talk you out of it.
p.s. once you get there & you find an empty bar that has been up for sale for 12 months, take a look & ask yourself why it's been up for sale so long...........
#36
Joined: Jun 2011
Location: In the middle of 10million Olive Trees
Posts: 12,053
Re: Thinking of opening a bar in Tenerife.
I lived in Tenerife for 2 years & have seen too many people lose too much money on bar ventures there. Why do people who have no bar experience whatsoever want to embark on the venture?
The normal scenario is a couple make some money over years, not from business success but from a bit of luck moving & selling houses at the right time & accruing a substantial amount of equity in the process. They are mortgage free & having brought up 4 kids know how to cook so decide to sell up & plough all their savings into their dream bar.
Having bought the bar you have to pay rent for the premises, meaning most people in the current climate are actually losing money. Once your savings have run out & you can't afford to pay the rent anymore, the landlord evicts you & you lose your investment.
Homeless & without a job in Tenerife you then return to the UK where you share with relatives or get a council flat. Leaving the UK to returning back again skint normally takes about 12 months.
I'm sure you'll embark on this venture anyway because you know better than me, but in a years time when you're cramped into your brothers spare bedroom, think back to all the prople that tried to talk you out of it.
p.s. once you get there & you find an empty bar that has been up for sale for 12 months, take a look & ask yourself why it's been up for sale so long...........
The normal scenario is a couple make some money over years, not from business success but from a bit of luck moving & selling houses at the right time & accruing a substantial amount of equity in the process. They are mortgage free & having brought up 4 kids know how to cook so decide to sell up & plough all their savings into their dream bar.
Having bought the bar you have to pay rent for the premises, meaning most people in the current climate are actually losing money. Once your savings have run out & you can't afford to pay the rent anymore, the landlord evicts you & you lose your investment.
Homeless & without a job in Tenerife you then return to the UK where you share with relatives or get a council flat. Leaving the UK to returning back again skint normally takes about 12 months.
I'm sure you'll embark on this venture anyway because you know better than me, but in a years time when you're cramped into your brothers spare bedroom, think back to all the prople that tried to talk you out of it.
p.s. once you get there & you find an empty bar that has been up for sale for 12 months, take a look & ask yourself why it's been up for sale so long...........
Even the Spaniards are changing their drinking habits, giving up the bars and buying to drink at home. My local Al Campo has a huge turnover of wines, spirits, beers. I have seen a couple of chinese girls who had a trolley full of whiskey, accompanied by a trolley full of vodka and other miscellaneous drinks. All with a couple of packets of crisps on the top. Supermarkets are cheaper than trade, leading bar owners, managers, to start taking shortcuts.
#37
Lost in BE Cyberspace
Joined: May 2009
Location: Alicante province
Posts: 5,753
Re: Thinking of opening a bar in Tenerife.
Looking at the link you sent, makes it even more likely. I spotted her on the terrace of the old casino on Torrevieja sea front, the best place for people watching in town, and a place mentioned in all the local tourist brochures.
It's also the best place for tapas and cakes, which is why we were there.
#38
Banned
Joined: Aug 2009
Posts: 5,008
Re: Thinking of opening a bar in Tenerife.
Funny and tragic.
#39
Lost in BE Cyberspace
Joined: May 2009
Location: Alicante province
Posts: 5,753
Re: Thinking of opening a bar in Tenerife.
Running a bar in Spain is a very common British dream and it's a very hard dream to break. Most people who follow that dream go skint in the sun after a couple of years or so.
I've come across hundreds of people to whom that has happened, and only know a very few who have succeeded, and they have succeeded because they've gone into business, properly, with a business plan that involved them never actually going behind a bar unless it was to empty the overflowing till on a regular basis.
To have an overflowing till you need large premises, in the right place, providing entertainment for masses of people, and discouraging potless tourists who want breakfast for two Euros, and happy hours.
I was in the business and my happy hour was at 4am every morning when I started counting money.
I've come across hundreds of people to whom that has happened, and only know a very few who have succeeded, and they have succeeded because they've gone into business, properly, with a business plan that involved them never actually going behind a bar unless it was to empty the overflowing till on a regular basis.
To have an overflowing till you need large premises, in the right place, providing entertainment for masses of people, and discouraging potless tourists who want breakfast for two Euros, and happy hours.
I was in the business and my happy hour was at 4am every morning when I started counting money.
#40
Re: Thinking of opening a bar in Tenerife.
Running a bar in Spain is a very common British dream and it's a very hard dream to break. Most people who follow that dream go skint in the sun after a couple of years or so.
I've come across hundreds of people to whom that has happened, and only know a very few who have succeeded, and they have succeeded because they've gone into business, properly, with a business plan that involved them never actually going behind a bar unless it was to empty the overflowing till on a regular basis.
To have an overflowing till you need large premises, in the right place, providing entertainment for masses of people, and discouraging potless tourists who want breakfast for two Euros, and happy hours.
I was in the business and my happy hour was at 4am every morning when I started counting money.
I've come across hundreds of people to whom that has happened, and only know a very few who have succeeded, and they have succeeded because they've gone into business, properly, with a business plan that involved them never actually going behind a bar unless it was to empty the overflowing till on a regular basis.
To have an overflowing till you need large premises, in the right place, providing entertainment for masses of people, and discouraging potless tourists who want breakfast for two Euros, and happy hours.
I was in the business and my happy hour was at 4am every morning when I started counting money.
#41
Banned
Joined: Aug 2009
Posts: 5,008
Re: Thinking of opening a bar in Tenerife.
One thing I have noticed about British bars, that their wine glasses are always full to the brim, that does not happen in Spanish bars.
They get a lot less glasses to the bottle, and if a lot of wine is sold,profits must get eaten into.
They get a lot less glasses to the bottle, and if a lot of wine is sold,profits must get eaten into.
#42
Banned
Joined: Aug 2009
Posts: 5,008
Re: Thinking of opening a bar in Tenerife.
Running a bar in Spain is a very common British dream and it's a very hard dream to break. Most people who follow that dream go skint in the sun after a couple of years or so.
I've come across hundreds of people to whom that has happened, and only know a very few who have succeeded, and they have succeeded because they've gone into business, properly, with a business plan that involved them never actually going behind a bar unless it was to empty the overflowing till on a regular basis.
To have an overflowing till you need large premises, in the right place, providing entertainment for masses of people, and discouraging potless tourists who want breakfast for two Euros, and happy hours.
I was in the business and my happy hour was at 4am every morning when I started counting money.
I've come across hundreds of people to whom that has happened, and only know a very few who have succeeded, and they have succeeded because they've gone into business, properly, with a business plan that involved them never actually going behind a bar unless it was to empty the overflowing till on a regular basis.
To have an overflowing till you need large premises, in the right place, providing entertainment for masses of people, and discouraging potless tourists who want breakfast for two Euros, and happy hours.
I was in the business and my happy hour was at 4am every morning when I started counting money.
#43
Joined: Jun 2011
Location: In the middle of 10million Olive Trees
Posts: 12,053
Re: Thinking of opening a bar in Tenerife.