conti
good morning...or evening ;-)
i just arrived home from my second trip to bali. i was 3 weeks on bali, but this time it wasn't only vacation...more checking locations and visiting local friends.
when i was on the island (february) we drove to amed. i immediately fall in love with this wonderful area, so quite and very nice landscapes. we had some drinks at the restaurant "sails". after that, i was thinking about running a similar location like that.
in amed, they are building a lot of new villas and other buildings. we went to this construction sites and talked to the estate agent. he said its possible for me to buy for example 200 square meters land inkl building.
but, i know its very complikated to own land as a foreigner...like freehold. forget it!
so my question is, would it be more realistic to rent/lease some land/building for maybe one year, just to get started and check if its working?
of cause, i would also go to other places. anything but kuta, legian, seminyak etc.
i know there are many other thinks i have to take care about, like visa, work permit etc (or not, when i runn own busines and rent land?) i only need licenses to sell drinks...nothing else.
so what do you think? i hope you can give me some tips
conti
conti
thanks! delivered email :-)
cu soon
msveuve
[b]Private message sent[/b]
conti wrotegood morning...or evening ;-)
i just arrived home from my second trip to bali. i was 3 weeks on bali, but this time it wasn't only vacation...more checking locations and visiting local friends.
when i was on the island (february) we drove to amed. i immediately fall in love with this wonderful area, so quite and very nice landscapes. we had some drinks at the restaurant "sails". after that, i was thinking about running a similar location like that.
in amed, they are building a lot of new villas and other buildings. we went to this construction sites and talked to the estate agent. he said its possible for me to buy for example 200 square meters land inkl building.
but, i know its very complikated to own land as a foreigner...like freehold. forget it!
so my question is, would it be more realistic to rent/lease some land/building for maybe one year, just to get started and check if its working?
of cause, i would also go to other places. anything but kuta, legian, seminyak etc.
i know there are many other thinks i have to take care about, like visa, work permit etc (or not, when i runn own busines and rent land?) i only need licenses to sell drinks...nothing else.
so what do you think? i hope you can give me some tips
conti
Yoy will find a pvt message to have a chat
Cheers
spicyayam
would it be more realistic to rent/lease some land/building for maybe one year, just to get started and check if its working
The simple answer is yes. I think running a restaurant or bar in Bali is not going to be easy. Just the cost of getting a working visa is around $2000 a year.
This article is a good read:
Restaurant Myths - Five Myths of Owning a Restaurant
And welcome to the forum!
Markit
Don't understand why this can't be on the forum there old friend veuve?
See, I've noticed you seem to be real fast at snatching these new folks off forum :icon_wink:
So conti if I was you, I'd be a little more willing to keep it public - particularly in the beginning.
All the best and welcome to the forum.
conti
good afternoon and thanks for your input guys!
i just talked to my friends on bali, they said its better to buy the land. because when having trouble, i could sell and leave. when i rent a location, have trouble for example in april, the money for the hole year is gone.
maybe thats right, but we all know how complikated this "buying land" thing is.
so for the beginning, i like to rent if it's possible!
yeah, restaurant myths is a good read...and i know how life is in that business by own experiences :-)
anyway...the plan is to open a bar, only for drinks.
but the most important thing, what do you guys think about amed and starting business there?
maybe we have an amed insider here :icon_biggrin:
conti
yeah tanks, i think it needs a lot of good luck and know how to succeed!
i also haven't seen there any bar, specially not bar where i tought: "wow, what a nice place, let's have some drinks here!".
@ spicyayam:
are the 2000 $ for working visa only slush money, or the actual price of the visa at the department?
conti
I'm afraid that i don't understand you...
EDIT: thanks for deleting spam!
mat
conti wrotegood afternoon and thanks for your input guys!
i just talked to my friends on bali, they said its better to buy the land. because when having trouble, i could sell and leave. when i rent a location, have trouble for example in april, the money for the hole year is gone.
maybe thats right, but we all know how complikated this "buying land" thing is.
so for the beginning, i like to rent if it's possible!
yeah, restaurant myths is a good read...and i know how life is in that business by own experiences :-)
anyway...the plan is to open a bar, only for drinks.
but the most important thing, what do you guys think about amed and starting business there?
maybe we have an amed insider here :icon_biggrin:
Well, I've been to Amed and all I can say is "I wish I'd seen a bar there!" Bloody great Idea, might even consider going back if there was one. Good luck.
ronb
conti wrote
.........
but, i know its very complikated to own land as a foreigner...like freehold. forget it!
so my question is, would it be more realistic to rent/lease some land/building for maybe one year, just to get started and check if its working?
of cause, i would also go to other places. anything but kuta, legian, seminyak etc.
i know there are many other thinks i have to take care about, like visa, work permit etc (or not, when i runn own busines and rent land?) i only need licenses to sell drinks...nothing else.
so what do you think? i hope you can give me some tips
conti
Hi Conti and welcome. I don't run a restaurant, but observe others. There are plenty of restaurants in tourist areas where there is a westerner involved, investing and guiding the menu and any other aspect that may give it a competitive advantage. Your advantages are probably access to capital, and an understanding of what western tourists want.
Like spicy says, you have costs for visa etc built in so you cannot compete on price with locals. You have to provide something where the tourists are happy to pay a higher price.
Long term lease are what people often do, but since you will invest in setting it up, the lease term needs to be long enough to recover this investment - maybe 10 years or more.
Besides Amed, you could look at Ubud, Padangbai, Candi Dasa and Lovina, among others.
And like Markit says -we will welcome it if you keep us informed as you develop your plans,
Good luck.
conti
hey ronb, am glad you show up here :-)
yeah i think so. u know, we want to create a special location, also with special offers.
and at the places i checked in east bali, i didn't see any (special) bar with panoramic sea view ;-)
fact is, that we probably have to build a new location.
so is it possible, to get long term lease with the right to build and right for commercial use?
spicyayam
[QUOTE]are the 2000 $ for working visa only slush money, or the actual price of the visa at the department?[/QUOTE]
There is a US$1200 fee you have to pay plus the actual costs of getting the visa.
Markit
I just love the internet.... somebody fuckin witcha all the time:icon_wink:
Markit
no.idea do you do .... chatty? I tried but gave up soon
cause precision bombing isn't so easy to read - but I will have another whiskey (with "h" or without?).. tastes the same, I think.
Fred2
conti it sounds a good idea & a great dream.
Your market, Western tourist. more in the south of the Island
Your work permit, too expensive. use a local to run your business
Your profit, work on 20%
When I came to open a business I had enough money to operate for 2yrs,
Make sure when you add every thing up you have enough money to last for at least 12 months.
just my two cents worth.
no.idea
Living in Indonesia is wonderful. Bali is great.
Talk to as many expats as you possibly can for hints on everything. Listen to what people say, a lot of it may be rubbish but listen anyway.
A large number of foreigners come here and fail. This happens on a regular basis. Your Indonesian friends will offer advice however remember they do not understand all the things that a westerner must do to stay here. Keep in mind many of the folk offering you advice have never run their own business. A lot of the folk who come here and fail do so because they only take advice from their new found local "friends".
Do not rush in with any purchase or lease.
Their is not a lot of profit in running a bar. Amongst other business interests I operate a small bar in southern Bali we take a healthy sum across the bar on drinks. A beer costs 9,500 to buy and sells for 18,000. So immediately you are looking at less than 50% profit. When you take into account electricity, lease or purchase costs of the premises, staff wages, banjar commissions, liquor licence purchase costs, visa costs, tax plus original outlay on refrigerators and furniture, you will find that there is not a lot left over.
Remember the guy who runs Sails Restaurant also has another restaurant and a very nice rental villa in Legian. I doubt that Sails would actually turn much of a profit.
Have a good look at any business before going into it. Take note of the failure rate of other businesses in the area, it will be a very high number.
gilbert de jong
no.idea wroteLiving in Indonesia is wonderful. Bali is great.
Talk to as many expats as you possibly can for hints on everything. Listen to what people say, a lot of it may be rubbish but listen anyway.
A large number of foreigners come here and fail. This happens on a regular basis. Your Indonesian friends will offer advice however remember they do not understand all the things that a westerner must do to stay here. Keep in mind many of the folk offering you advice have never run their own business. A lot of the folk who come here and fail do so because they only take advice from their new found local "friends".
Do not rush in with any purchase or lease.
Their is not a lot of profit in running a bar. Amongst other business interests I operate a small bar in southern Bali we take a healthy sum across the bar on drinks. A beer costs 9,500 to buy and sells for 18,000. So immediately you are looking at less than 50% profit. When you take into account electricity, lease or purchase costs of the premises, staff wages, banjar commissions, liquor licence purchase costs, visa costs, tax plus original outlay on refrigerators and furniture, you will find that there is not a lot left over.
Remember the guy who runs Sails Restaurant also has another restaurant and a very nice rental villa in Legian. I doubt that Sails would actually turn much of a profit.
Have a good look at any business before going into it. Take note of the failure rate of other businesses in the area, it will be a very high number.
Very good advice imho.
no.idea
Markit wroteno.idea do you do .... chatty? I tried but gave up soon
cause precision bombing isn't so easy to read - but I will have another whiskey (with "h" or without?).. tastes the same, I think.
:icon_lol: If the Wiskey or whiskey is at 5.41 AM it would not worry me if it has a "h" or no "h".:icon_lol:
spicyayam
@no.idea Great advice. Another thing which no one has mentioned yet is the high cost of alcohol (other than beer) in Indonesia. Serving Arak is not a great option either. I have heard you can get cheaper stuff off the back of a truck, but being a foreigner, you will be under stricter scrutiny.
Jimbo
Markit wroteno.idea do you do .... chatty? I tried but gave up soon
cause precision bombing isn't so easy to read - but I will have another whiskey (with "h" or without?).. tastes the same, I think.
It is always with the "h" but not the "e" Non Scottish whiskey is with the "e".
Not that I drink much in Saudi:icon_biggrin:
