Markit
HD if you take a long walk through Seminyak, Kuta, Legian and Ubud you will find them filled to over-capacity with food based brand new ideas. I've been in and around the hotel/resto/bar/hospitality world on and off for most of my life so I know a bit of where I speak. You can sell shit sandwiches here if you have the right location but you can't give away Filet Mignon if you don't. All the good locations are long, long gone and you will be relying on passing traffic where ever you decide to plant your post and the public turnover (tourists leaving and new ones coming) is almost daily so there isn't much chance of getting a "name" unless you are Mr. Ku De Ta or Colonel Sanders.Your main issues here will be competition (the locals will kill you with underpricing), consistency of ingredient supply(one week the toms are green, the next rotten) and all the local bureaucracy that is just waiting for you to be a success so they can take a fecking big bite but will nibble you to death before then. My advise, for what it's worth, start small, real small, with the money you already have and if your idea works then they will beat a path to your door no matter your size and if it don't then only the sad few deviants here will laugh at you.Have a good dayMarkit
Hospitalityduo
HD if you take a long walk through Seminyak, Kuta, Legian and Ubud you will find them filled to over-capacity with food based brand new ideas. I've been in and around the hotel/resto/bar/hospitality world on and off for most of my life so I know a bit of where I speak. You can sell shit sandwiches here if you have the right location but you can't give away Filet Mignon if you don't. All the good locations are long, long gone and you will be relying on passing traffic where ever you decide to plant your post and the public turnover (tourists leaving and new ones coming) is almost daily so there isn't much chance of getting a "name" unless you are Mr. Ku De Ta or Colonel Sanders.Your main issues here will be competition (the locals will kill you with underpricing), consistency of ingredient supply(one week the toms are green, the next rotten) and all the local bureaucracy that is just waiting for you to be a success so they can take a fecking big bite but will nibble you to death before then. My advise, for what it's worth, start small, real small, with the money you already have and if your idea works then they will beat a path to your door no matter your size and if it don't then only the sad few deviants here will laugh at you.Have a good dayMarkit[/QUOTE]Thank-you sir. Noted and appreciated. If I was only setting up shop in Bali and with only one type of business then I would most certainly take your advice . Just so we are clear though we both are Mr.and Mrs Kudeta / Sanders as you put it and won't be relying on the usual food costs associated with most food based businesses or dealing with Tomatoes but know what you mean. Thanks
samsiam
I would feel very fortunate and appreciative also if someone gave me $200k for a share of a hobby of which he would have no control.
Hospitalityduo
It seems Siam you should just feel fortunate to have a hobby full stop. But don't think you should offer the 49% control I'm offering. Keep it for yourself, your obviously in dire need.
Smoke
I would feel very fortunate and appreciative also if someone gave me $200k for a share of a hobby of which he would have no control.[/QUOTE]Best part they could use your investment for there salaries even before shop/store/bakery etc is open.remember it only 24% unless you have expertise with other items then it 49% still which gives you no say what so ever .
Hospitalityduo
Smoke and Siam are exactly the reason someone would only ever own 49%. Over opinionated people with nothing positive to say quite simply shouldn't and wouldn't get the last say.
samsiam
^ I own 100% of myself thanks very much.By the way...how is the $200k secured ?Also...I used to have a trust in Oz....setup to save me CGT one day....
samsiam
Smoke and Siam are exactly the reason someone would only ever own 49%. Over opinionated people with nothing positive to say quite simply shouldn't and wouldn't get the last say.[/QUOTE]So I take it from this that you are considering me and Smoke as partners ?
Hospitalityduo
The investment is secured against property that's developed for self purpose in Sydney and the Sunshine Coast but can and most likely will be revolving.
samsiam
Soooo revolving security....hows that work ?'developed'....I presume that means not there yet ?
Hospitalityduo
Revolving as in property that is on revolving credit, once the property in question gets developed ( literally redeveloped sorry for not being precise) and then rolled to the next when the prior is sold. It's just a lot easier than setting up new loans each time and makes it a lot easier for distribution of the net profits because it can be redrawn and topped without being questioned by the government.
Joe Writeson
Honest mate you haven't a chance or a clue, and if you re-read everything stated so far, you would realise that.Why come to a public Forum looking for finance when the obvious place is banks and investment agents? The fact that you possibly haven't means that there are serious doubts about the veracity of the venture that may not stand up to severe scrutiny.Secondly, the amount mentioned has been the source of a lot of derision and disbelief, do you honestly think that the majority of members here are sitting on wads of cash just waiting for the next 'Nigerian Prince' to come along...the reason you have received so much negative feedback is that it sounds like you think you are dealing with mugs.Third, and I will repeat some previous posters, EVERYTHING in the food and entertainment industry has been tried, done to death or abandoned, people are only pointing out the obvious.....and listen to those with previous experience please...if ANY business is a success in Indonesia the scavenging hordes will descend, try looking up 'Locusts' and 'Piranhas' on You Tube...
Hospitalityduo
I would bet my bottom dollar that it hasn't been done but thank you for your feedback. The reason the answer isn't banks is they do not bring anything to the business, not to mention the fact, as stated quite a few times, the investment is desired not needed. Morals might be a rare find these days, but I seek someone who can rely on me and my word and the chance to prove to a hell of a lot of people that have tried to screw me over in the workplace, that a partnership that is built on trust and loyalty and success can not only exist but will always rise to the top.
samsiam
So why not make it 50/50 then if you want this trust trust thingy.....By the way...is it first mortgage security on the revolting properties ?
Hospitalityduo
Because over half of the business is a very specific offering of service if the other had majority in vote and started playing too much with the model, it is possible it would not reach it's full potential. It's purely protection for the artist/s. If the particular investor matched the skill, and sang the same tune in time there's a possibility of 50/50. No to first mortgage security, rather like a trust held in an account drawn on and deposited but with unused funds accruing interest and the rest always attached to a property.
Joe Writeson
[I]Morals might be a rare find these days, but I seek someone who can rely on me and my word and the chance to prove to a hell of a lot of people that have tried to screw me over in the workplace, that a partnership that is built on trust and loyalty and success can not only exist but will always rise to the top. [/I]...having been severely screwed anally by four previous partners I envy your optimism and faith in your fellow man...I really do wish you good luck!...and BTW, it was an Indonesian partner who saw me through some harsh times whereas the greedy light fingered scumbags were Scottish (2) an American and an Aussie...pointless naming them, three are dead and one trapped in a remote area of the Philippines hiding from angry little brown men with guns...
ronb
..............................Third, and I will repeat some previous posters, EVERYTHING in the food and entertainment industry has been tried, done to death or abandoned, people are only pointing out the obvious.....and listen to those with previous experience please...if ANY business is a success in Indonesia the scavenging hordes will descend, try looking up 'Locusts' and 'Piranhas' on You Tube...[/QUOTE]These opinions are commonly expressed on this forum in response to any idea. You would get the impression there is no chance of starting a business in Bali and making money.But if I look around Ubud, some great businesses have expat involvement. Like Casa Luna, Bridges, Fly Cafe, etc. I don't know for sure, but I think they are making money. Yes they have their imitators, but the imitators are not always that good. In my opinion they win through excellence, and they manage to maintain this leading edge.
Dunaden
I'm with you RonB, its easy to poke holes in peoples dreams. send me a private message Hduo, I'm a chef, business owner and happy to hear more details about your plan. I'm in QLD, but been in Bali 4 times in last 12 months. Yep 99.95 % of feedback on here to ideas is "mildly" negative...and Id say at best, 90% of it is correct....Id also say of those that offer negative feedback to people's ideas-99.9% of those people can hardly be considered successful entrepreneurs.....I'm happy to see proof I'm wrong though....
samsiam
^ how do you know we are not all teamed up to grill the OP to test his metal before we decide to invest ?
Dunaden
Ahh I see Confuscious :-)
