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 Post subject: buying a bar at the min good or bad
PostPosted: Tue May 13, 2014 11:22 pm 
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Joined: Tue May 13, 2014 10:56 pm
Posts: 2
looking to purchase a bar in near future lanzarotte or fuerteventura just not rushing into anything would like to know more on how things are at the min ...thanks for the advice :)


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 Post subject: Re: buying a bar at the min good or bad
PostPosted: Wed May 14, 2014 10:31 am 
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Joined: Fri Aug 28, 2009 9:14 am
Posts: 230
There will be a slew of people on here who will say you're mad to even think about it.

And they're right!

Lanzarote has picked up a bit in terms of numbers visiting, but the general pub and restaurant trade is still slow. People are going to the supermarket more than ever on their holidays.

There are a few places that are doing well, but most of them have a niche audience, be they customers of a certain age, return customers, betting/racing fans, and other unique selling points such as location, professional staff, popular musicians, quality food at reasonable prices, etc.

It sounds obvious, but few places can achieve all or even some of the above.

The good bars won't be for sale (or will be prohibitively expensive) and the other locales are empty for a reason.

Try and get a job in a bar on either island and stick at it for 12 months. Then you'll be in a better position to see what's what.


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 Post subject: Re: buying a bar at the min good or bad
PostPosted: Wed May 14, 2014 10:49 am 
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Joined: Tue May 13, 2014 10:56 pm
Posts: 2
Thanks mate advice taken on board.


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