Let's buy a pub in Kaohsiung!

Tavern 65
Only NT$2.25 million…

[quote]Three Story Building-
Rent: us$545 (nt$18,000)
Elec-water: us$212 (nt$7,000)

Salaries-
F/T Cook: us$757 (nt$25,000)
F/T Waitress: us$606 (nt$20,000)
F/T Bartender: $757 (nt25,000)

Monthly Operating Cost: NTD$95,000 (US$2,877)

Monthly Gross: NT$300,000 - NT$500,000[/quote]

Whoever moved this from Living to here, thanks a lot. Now we will certainly get lots of people discussing it like I intended since everyone looks at Business & Money.

Unfortunately I’m in Taipei Wolf.

Did anyone see the gun battles between police and gansters in Kaohsiung on TV today? Owning a pub in Kaohsiung. mmmmmmm Beats being a dentist.

Yeah, I saw that this morning…really wild.

Just checked out some of the pictures at the Tavern’s website and I see some of my teachers there. Christ, what a bunch of boozers…but at least they were clothed. :blush:

Seems a bit too good to be true; although the gross looks a little low. Looks like a nice place though.

You need a Taiwanese partner,I think.Don’t think that’s for me.
How do you trust them.

[quote=“rassie”]You need a Taiwanese partner,I think.Don’t think that’s for me.
How do you trust them.[/quote]

Make sure they’re cast in the same mold as Jenny (my wife).

:smiley:

Bars/Pubs etc… aren’t as easy as they look to run and they can lose business overnight if someone else comes into town. Then you are forced to play a dfferent game. Your entire biz plan can change from a high end place to a cost competatve and vice versa.

I have a friend who lost big bucks in the 80’s in a hole in the wall. It makes me cry to think what the money would be worth if it was thown in even the most diverse capital market—Wilkshire or something…

[quote=“wolf_reinhold”]Tavern 65
Only NT$2.25 million…

[quote]Three Story Building-
Rent: us$545 (nt$18,000)
Elec-water: us$212 (nt$7,000)

Salaries-
F/T Cook: us$757 (nt$25,000)
F/T Waitress: us$606 (nt$20,000)
F/T Bartender: $757 (nt25,000)

Monthly Operating Cost: NTD$95,000 (US$2,877)

Monthly Gross: NT$300,000 - NT$500,000[/quote][/quote]

They forgot the line-item expense for police/gang payoffs :noway: :noway:

[quote=“wolf_reinhold”]Tavern 65
Only NT$2.25 million…

[quote]Three Story Building-
Rent: us$545 (nt$18,000)
Elec-water: us$212 (nt$7,000)

Salaries-
F/T Cook: us$757 (nt$25,000)
F/T Waitress: us$606 (nt$20,000)
F/T Bartender: $757 (nt25,000)

Monthly Operating Cost: NTD$95,000 (US$2,877)

Monthly Gross: NT$300,000 - NT$500,000[/quote][/quote]

Yeah, good point since I (for one anyway :blush: ) just saw it.

That said, you left out something(s) rather important. One, what’s the cost of goods sold, or better, the avg. monthly gross margin %?

We get that, we can get to EBITDA. And since in Taiwan we may be able to dodge T while claiming I, D, & A, you know, it gets better maybe.

Two, does the ‘operating costs’ figure include kickbacks/protection money?

EDIT: Just saw your link, which indicates the bar has sold or, ‘who cares?’ Anyway, I wonder who bought it? I guess Kaohsiung-ites will know soon…

Normal pubs have “cost of goods sold” between 20% and 30%, depending on customers drinking coffee only, hard liquor, buy drinks for staff, food is served, and so on.
Anyway, has the place been sold ??