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English theme pub / bar for sale

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Littlenige



Joined: 24/12/2006
Posts: 3594

Message Posted:
30/07/2007 09:54

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Message 1 of 34 in Discussion

English theme pub/bar for sale.



Lapta area



10 year lease



Seating for approximately 100



Good ex pat and tourist clientele



Music license



Pool table



3 draught beers



Well kept garden area



Reasonable monthly Rent



Unique pub /bar with great potential for expansion



Genuine enquiries Please contact Ben on +90 533 429 166



Clueless


Joined: 02/08/2007
Posts: 12

Message Posted:
02/08/2007 15:58

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Message 2 of 34 in Discussion

100,000lease + 72,000rent + 40% to cover costs over 10 years = 240,000

/ by 10 years = 24,000

/ by 365 days = 66.00

X by 2.5YTL = 165YTL

/ by 4YTL for a beer = sell 41 beers a day



Sounds like a good proposition to me!



Littlenige



Joined: 24/12/2006
Posts: 3594

Message Posted:
03/08/2007 10:03

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Message 3 of 34 in Discussion

Well if you put it like that mandy it should go soon



Clueless


Joined: 02/08/2007
Posts: 12

Message Posted:
03/08/2007 14:38

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Message 4 of 34 in Discussion

Littlenige



Good Luck, if its the bar/restaurant that I think it is, it should sell very quickly, you still need to extend the car park to stop people parking on the main road and strolling up or worse still falling down.



namus


Joined: 23/06/2007
Posts: 74

Message Posted:
03/08/2007 14:46

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Message 5 of 34 in Discussion

Is 4 YTL the profit on each beer?

plus

Upkeep

maintenance

improvement

Wages

supplies

utilities

insurance

legal

banking

advertising

10% sundries

etc

etc

Plus the reason for any business = profit. I should say cash as profit on paper is not very tangible. Anybody who claims they do not run a business for profit will go out of business and their goal will be fulfilled.



I think you should count on more than 41 beers per day. More like 70 covers consuming a mixture of drinks and snacks to generate healthy profit on the lease/rent figures.



Pub/bar is a tough business. Very profitable when handled correctly but can be quite the opposite. Notoriously difficult to obtain accurate trading figures due to the cash nature i.e. not everything declared.



Clueless


Joined: 02/08/2007
Posts: 12

Message Posted:
03/08/2007 14:58

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Message 6 of 34 in Discussion

Ah! bless you Namus



You see in my original figures there is 40% added to the initial take over price to um, cover costs 68,000.00 pounds over 10 years = 6,800.00 pounds a year

My figures are also the break even costs and are not profit related, but obviously with the sale of beer comes the upselling, crisps, food, entrtainment ticket revenue, peanuts the list goes on. DECLARED



namus


Joined: 23/06/2007
Posts: 74

Message Posted:
03/08/2007 15:29

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Message 7 of 34 in Discussion

Thank you Clueless, I like a good blessing.



tonyhickey



Joined: 13/06/2007
Posts: 413

Message Posted:
04/08/2007 02:21

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Message 8 of 34 in Discussion

HARD WORK & HARD WORK HARD WORK & HARD WORK

HARD WORK & HARD WORK HARD WORK & HARD WORK

HARD WORK & HARD WORK HARD WORK & HARD WORK

NO THANK YOU



Middle Easter


Joined: 13/06/2007
Posts: 146

Message Posted:
06/08/2007 07:39

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Message 9 of 34 in Discussion

Clueless, Namus - you are both half right & half wrong



Namus, although totally speculative, Clueless did include 40% for cost, as was pointed out. But you are quite right to question whether the 4 YTL was the profit on each beer, because its not.



Clueless, whilst you state a highly estimated fixed costs, you then look to balance that figure to 'break even' through the sale of 41 beers a day. But the 4 YTL itself is made up of cost & profit, not just profit.



Say cost (varibale cost) was 2YTL & profit 2YTL, 41 beers now equals 82 to 'break even', or maybe 90 (if you like a beer or 8 yourself), or maybe 120 if you actually want to make a profit.....so beware out there all you prospective bar owners, as tonyhickey says, it probably is harder work than you imagine



essentepi1


Joined: 11/08/2007
Posts: 1

Message Posted:
11/08/2007 23:40

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Message 10 of 34 in Discussion

Has anyone have any bar or restaurant to sell? I am a buyer?!! Or do you want to go to partnership? in essenteppi area? email me.



blackpoolrock


Joined: 28/08/2008
Posts: 24

Message Posted:
28/08/2008 20:27

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Message 11 of 34 in Discussion

Im also looking for a small bar/ cafe to buy. Anyone know of any going cheaply (under 50,000) ??



dalartokat


Joined: 14/04/2008
Posts: 734

Message Posted:
28/08/2008 20:40

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Message 12 of 34 in Discussion

So why has this bar gone up for sale?



pilgrim



Joined: 11/05/2007
Posts: 1404

Message Posted:
28/08/2008 20:44

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Message 13 of 34 in Discussion

could be the 22dollar question



brandy sour


Joined: 09/04/2008
Posts: 310

Message Posted:
28/08/2008 20:52

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Message 14 of 34 in Discussion

Not enough people going in to keep it a float ?



cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
28/08/2008 23:15

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Message 15 of 34 in Discussion

Does this mean that mine host did not actually sign over the place and B & L are still the legal owners???????



fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
29/08/2008 00:17

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Message 16 of 34 in Discussion

by the time you pay the goverment tax you will be working for free.



mickey rourke


Joined: 27/08/2008
Posts: 157

Message Posted:
29/08/2008 07:30

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Message 17 of 34 in Discussion

If you approach any of the Brit bar owners beleive me they will sell



ripoffrock


Joined: 05/08/2008
Posts: 255

Message Posted:
29/08/2008 08:10

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Message 18 of 34 in Discussion

Can someone clarify which bar this is. Why all the cloak and dagger stuff. You make it sound like something from a Enid Blyton novel



Lambousa Gordon


Joined: 03/11/2007
Posts: 1992

Message Posted:
29/08/2008 09:30

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Message 19 of 34 in Discussion

I think, if you look at the when messages 1 - 10 were posted (that is last year), that this thread originally related to the Stumble Inn. As you are probably aware, the Stumble has since changed hands.



Blackpoolrock resurrected this thread (msg 11) a full year later with his enquiry looking for a bar/cafe to buy.



cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
29/08/2008 10:47

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Message 20 of 34 in Discussion

Oh bother!!!!!!!



littlenige



Joined: 24/12/2006
Posts: 3594

Message Posted:
04/09/2008 22:43

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Message 21 of 34 in Discussion

http://www.pauljenkinssolicitors.co.uk/





you pays your money and takes your KAY



alsancakjack



Joined: 14/08/2008
Posts: 5762

Message Posted:
04/09/2008 23:10

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Message 22 of 34 in Discussion

What is your problem Nige, did you get permission to publish that e-mail address or are you yet again indulging in a passtime that you have complained of other people doing to you. Nothing like double standards my friend.

AJ



alsancakjack



Joined: 14/08/2008
Posts: 5762

Message Posted:
05/09/2008 00:01

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Message 23 of 34 in Discussion

Slip

A man (woman?) after my own heart.

AJ



hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
05/09/2008 00:01

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Message 24 of 34 in Discussion

Stumble Inn website for those who are interested

http://www.cypyp.com/partnerstumble.htm



hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
05/09/2008 00:06

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Message 25 of 34 in Discussion

Have to admit it doesn't seem the busiest bar on earth



alsancakjack



Joined: 14/08/2008
Posts: 5762

Message Posted:
05/09/2008 00:17

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Message 26 of 34 in Discussion

Slip, not a good idea. Running a bar and providing an airport pick-up service probably will not work. Poor old Nige has already had one accident and he was stone cold sober at the time. ;-)

AJ



hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
05/09/2008 00:21

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Message 27 of 34 in Discussion

And what's repeating yourself yourself a sign of?



alsancakjack



Joined: 14/08/2008
Posts: 5762

Message Posted:
05/09/2008 00:31

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Message 28 of 34 in Discussion

I forgot to mention that Nige swerved to miss a dog and the dog was drunk. I think I have got that right. Sorry Nige you may be able to correct me on this one.

AJ



w26kay



Joined: 14/10/2007
Posts: 479

Message Posted:
05/09/2008 02:06

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Message 29 of 34 in Discussion

WOW Nige... thanks for the free advertising.

x

If ever you're in need of a good divorce lawyer .....

Fluent English/Turkish speaker.



Chessman


Joined: 13/05/2008
Posts: 486

Message Posted:
05/09/2008 10:01

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Message 30 of 34 in Discussion

I cannot believe I am going to say this but I am in agreement with slipper 1's message 33! Perhaps my phraseology would be somewhat different but I share the sentiments.



However, each to one's own.



jakki



Joined: 23/10/2007
Posts: 865

Message Posted:
05/09/2008 10:43

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Message 31 of 34 in Discussion





<<< ditto >>>



chick


Joined: 02/07/2008
Posts: 323

Message Posted:
05/09/2008 11:25

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Message 32 of 34 in Discussion

Slipper you are an idiot, but in saying that there is a lot of truth in what you rant.

I agree Chessman.



littlenige



Joined: 24/12/2006
Posts: 3594

Message Posted:
05/09/2008 13:12

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Message 33 of 34 in Discussion

Slipper.



I reply with a little hesitation............ I do not know you and you have chosen as is your right to not disclose any details of yourself.





1) I was asked by the previous owners ben and liv to place the post r the bar being for sale.



2)why do people want to come to TRNC for and go to a english theme pub ?



Answer because they miss a pub atmospher and there are not many if any cypriot bars as opposed to resteraunts.



3) you say ...what a foolish little man



If you refer to me then you are entitled to your opinion.



4) you say ...a stupid english theme bar with football posters everywere,and big screen tv with a few big stinking fat pot bellied beer swilling football hooligans wearing dirty old football shirts bought in thailand off the sukhumvit road



From this descripiton you have clearly not been in the place or viewed it on youtube, and fee happy insulting the customers that did go in, again you r choice.



5) The stumble was sold to a very nice man called mick .



I hope this makes things a little clearer for you and I hope you have a really nice day.



littlenige



Joined: 24/12/2006
Posts: 3594

Message Posted:
05/09/2008 13:24

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Message 34 of 34 in Discussion

humour is great as for spelling not a problem. Just glad I could clear things up .



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