This arithmetic just about says it all. I suspect it is very difficult for any bar to make real money. Few must be the bar owners driving around in BMWs. Investing in a bar is on a par with investing in a mid-table Premier League Football Team. Not a wise move unless you are doing it for the love.Guess wrote:So in that one year you have to make 210,000 BHT per month to pay for the rent. This means sales of drinks have to be about 420,000 BHT per month, every month before you think about paying staff.
if you got ten bar fines every day, that would ease the burden, but still it would be an impossible task.
Under the Banana Bar regime at its height it did not take anyway near that.
Can anybody explain to me how this can possibly work.
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Bar economics
Re: Bar economics
Well said l-i-t, but it could be fun though?long-in-thailand wrote:Investing in a bar is on a par with investing in a mid-table Premier League Football Team. Not a wise move unless you are doing it for the love.
I was once asked to rent a bar but after studying the annual and monthly accounts I would have ended up as a dosser.
I intend to live forever - so far so good.