Bar for rent - immediate takeover

FreddiesBar


Joined: 01/05/2010
Posts: 40

Message Posted:
25/08/2010 10:42

Freddies Bar in Alsancak is now available for rent. Current owners are moving to UK. Bar is up and running currently with all stock / equipment in place for an immediate start.



The rent is currently £550 per month with a good contract in place with a very nice / helpful landlord, a maximum rent increase of 10% is in place so no big increases!!!!



Equipment will be sold off seperatly if no takers.



Equipment as follows: All within 6 months old



Chest Freezer

Under Fridge

Large Grill

2 x small fryers

2 x microwaves

Stainless steel worktop table

Hand made wooden tables and chairs (good quality)

outdoor table and chairs

Bar

Shelving unit for bottles

Bar Stock.





Please call 0542 78 5524 for more info.

caroletavy


Joined: 03/07/2007
Posts: 143

Message Posted:
25/08/2010 18:54

I have been there today and was informed that they are not leaving.



Carole

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
26/08/2010 00:04

i hope not, its a good bar and they work so hard, i was upset reading the post x

spider


Joined: 03/01/2009
Posts: 5527

Message Posted:
26/08/2010 00:07

Is it or is it not that is da Question...







Spider,X

Woodspeckie


Joined: 25/01/2009
Posts: 2263

Message Posted:
26/08/2010 00:37

spider.. ring the number and find out.

keldanreb


Joined: 17/09/2009
Posts: 212

Message Posted:
26/08/2010 00:39

i walked into a bar the other night,and went ouch.it was a ............................

graycoul


Joined: 23/04/2009
Posts: 493

Message Posted:
26/08/2010 10:14

went ouch?? what does that mean??



pity its going, louise and kurt spent a month building it up into a viable bussiness, that was a waiste of time then...........

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
26/08/2010 10:24

Graycould



It was an iron bar.............



Paul

john_good


Joined: 15/08/2010
Posts: 176

Message Posted:
26/08/2010 10:40

over 100 efes per day to make the rent excluding electric wages work permits etc a tad overpriced rent

Lambousa Gordon


Joined: 03/11/2007
Posts: 1992

Message Posted:
26/08/2010 11:15

Rent's fine - premises of that size are unlikely to go for much less.



The problem is the other overheads - something all hostelries in the TRNC are having problems with at the moment - and something many new to the business fail to take into account when pricing their wares.

john_good


Joined: 15/08/2010
Posts: 176

Message Posted:
26/08/2010 17:35

Lambousa Gordon how many effes per day would you think a place like that can sell with a car park for a view ?

Simhar


Joined: 18/05/2009
Posts: 227

Message Posted:
26/08/2010 17:45

John Good - you are making this much to simplistic, what about food, and other drinks? of course your point is correct that to run a successful (i.e. profitable) bar/restaurant in the TRNC is very hard, but it is, as Gordon points out, the complete picture that is expensive. Rent is only one element of a never ending list of permits to pay, utilities to pay, wages, taxes, accountants fees etc, etc. Even if someone owns their property they still have to maintain and repair it. Even if the landlord halved the rent they would have to sell an awful lot of drinks and food to take enough to pay all the bills, or charge so much that everybody complains at the prices and people don't go. I wonder how much longer people will be willing to invest money in the catering/entertainment industry in a country that does nothing to support it's small businesses (foreign or native owned) and that has a majority population that is driven by price and expects great service, great food, comfortable.... cont

Simhar


Joined: 18/05/2009
Posts: 227

Message Posted:
26/08/2010 17:52

cont....

surroundings, warmth in the winter and cool in the summer, cheap beer, long hours but does not see any reason to pay for it. All the time this is maintained restaurants and bars will keep opening and closing with boring regularity. Most of the bars that have survived for any length of time do so because their owners do something else job wise to support what is a very expensive habit. There are exceptions i.e. Guidos which seems to have a very loyal and devoted following but they only acheived this after nearly shutting on a number of occasions and only Lilli and Guido know if they are making any money or just scraping by. Meanwhile bars change hands at a great rate of knots each new owner trying to please the whims of everyone or at least enough people to keep the wolf from the door.



I wish them all the luck in the world!

TopTen


Joined: 15/04/2009
Posts: 1246

Message Posted:
26/08/2010 18:00

Well Simhar you have just put paid to them selling their business

Simhar


Joined: 18/05/2009
Posts: 227

Message Posted:
26/08/2010 18:08

Selling what? they are trying to give it away! read the post it says that they will pass on the business at the rent of £550 per month. no purchase price asked!



Look around the area, someone will take it on I am sure, and it will relaunch and maybe, just maybe work out for someone. However until people realise just how hard it is to run a bar/restaurant out here and what the true costs are and therefore what people have to charge to make a living then this ridiculous circle of opening and closing bars will continue which helps nobody!



I am sorry if my views cause Freddies bar any problems, that was never the intention, but the mere fact that they are doing what they are doing proves that this island has problems with lack of support from government to small businesses and a clientèle that want everything but in the majority are not willing to pay for it.

TopTen


Joined: 15/04/2009
Posts: 1246

Message Posted:
26/08/2010 18:27

I totally agree with your last sentiments about the government not helping small businesses, but with the amount of resaurants and bars, cafe's etc there isn,t enough people to go round to keep these open.Because most expats don,t go out every night and when they do they generally have their favourite place to go to. I personally thought and hoped that 15 would succeed because of what you gave, good quality food,and a burger that was far superior to any other that I have eaten

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
27/08/2010 08:29

simhar, you have hit the nail on the head, its impossible here now, its keeping body and soul together, thats all x

bazilbrush


Joined: 29/03/2008
Posts: 404

Message Posted:
27/08/2010 13:18

With the little profit from bars etc it would be better to put the money in the bank and get the interest every month, probably works out about the same without having to work 6 days a week and 12 hrs per day. I can never understand why anyone would want to come here and work all the hours god has given, thats not a new life in paradise (tongue in cheek).

FreddiesBar


Joined: 01/05/2010
Posts: 40

Message Posted:
29/08/2010 19:35

The Bar does make a profit, it is hard work and would suit someone without small children!! it has a great customer base with many local ex pats within walking distance, plus the holiday village opposite. We thank everyone for there support, our regulars who have supported us throughout we want the place to stay open for there sake, and for the hard work everyone has put in. We have had a great time here in TRNC, however with a great job offer on the table, we had to take it. We may return one day, under different circumstances.





Anyone interested call 0542 878 5524 (Lisa)



any questions can be answered directly,

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
29/08/2010 19:53

Can we wish you all the luck in the world. You have a great bar there, Im only sorry we managed to get there once.Mind that is once more than other places. It just time with me. My son stayed at the holiday village and we told him to go to you for breakfast, the time they got up made to you for lunch 3 times. All the very best in your new job and good luck for your future x

shayneward


Joined: 01/08/2010
Posts: 107

Message Posted:
29/08/2010 21:30

sorry you are leaving having recently visiting your bar twice.your breakfast was lovely and we enjoyed a teatime drink there .

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
29/08/2010 23:18

i admire anybody that takes on a business of this kind,i wouldnt do it for all the tea in china! Not just trnc either,this year ive been to lanzarote,tenerife and ive just come back to uk from ibiza,same story,long,long hours and what a tie also.

Chris and Sue


Joined: 07/08/2008
Posts: 272

Message Posted:
30/08/2010 08:09

Good luck to you both. Hope everything works out well for you in Blighty.



Sue & Chris