Bar / Restaurant to Rent


#1 Aug 4th, 2010, 17:12
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  • Poshbird1972 is offline
#1
Can Anyone please help.

My husband and I are looking for a small bar / restaurant to rent for the coming tourist season in Goa.

Location North Goa - Calengute or Baga.

If anyone is aware of anything which is available, please forward details to me.

Look forward to hearing from you.

Thanks

Poshbird
Ruth
#2 Aug 5th, 2010, 03:39
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  • GoanCanuck is offline
#2
The prevailing rate for a bar and restaurant in Calangute is around Rs 25,000/month - Rs 45,000/month on a 5 year lease. For Baga it is higher. It is not worth it. You will not make any money after you have paid all the bribes and overheads.
#3 Aug 5th, 2010, 04:02
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#3
Quote:
Originally Posted by GoanCanuck View Post The prevailing rate for a bar and restaurant in Calangute is around Rs 25,000/month - Rs 45,000/month on a 5 year lease. For Baga it is higher. It is not worth it. You will not make any money after you have paid all the bribes and overheads.
You will also place youselves in a position where arrest, impisonment and expulsion are a very real risk.
The Goan authorities have been using any illegalities committed by foreigners as a convenient distraction from their own corruption, victimising even those who have done their very best to comply with the "Law". As what you plan to do is illegal unless you comply with a very tight band of qualifying factors (you will still have to pay bribes at every turn anyway)and risk attack by the jealous locals, maybe a re-think would be a good idea?
#4 Aug 5th, 2010, 04:20
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#4
For once! totally agree with both of the above. AVOID this venture at all costs. If this was Dragons den, you would get five I'M OUTS very quickly.
#5 Aug 5th, 2010, 04:48
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  • fauxpas is offline
#5
we had been considering do the same but we have been put off since we have looked into it more. does anyone have any advice about running a stall in one of the markets? should we steer clear of that as well?

we would really appreciate any help.

thanks

ryn
#6 Aug 5th, 2010, 05:00
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#6
fauxpas (ryn), that is a much more sensible option. I knew a English couple (Peter + ??) that had a small business at the night market and made a reasonable profit at it. At least you don't have to pretend to actually own a property and you can always move on!! And you can do it (hush hush) on a tourist visa.
#7 Aug 5th, 2010, 09:12
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#7
wokring in bars in north goa can be fun, LOL.
#8 Aug 5th, 2010, 17:49
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#8
hi gooner,

thanks for the reply! that sounds good. my girlfriend has applied for a stall already but we were still a little unsure so thats reassuring. i think the main thing that would put us off is the possibility of getting caught up with the police or others with bribes etc especially as it will be the first time we have stayed in goa for longer than a month.

we had a couple of other ideas that we wanted to try but i think we will just put them on the backburner as everyone seems really against starting any business but is it more against owning your own property? unfortunately, or maybe fortunately after reading many posts on here, we couldnt afford to buy anyway.

thanks

fauxpas
#9 Aug 5th, 2010, 21:01
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#9
I have a english friend with a business visa and a rented bar, message me for details
#10 Aug 6th, 2010, 16:10
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#10
HI - Thanks for your email. Please would you give me details of your friend bar etc.... I need some advice.


Thanks

Ruth
#11 Aug 8th, 2010, 11:46
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  • GxMx is offline
#11
Quote:
Originally Posted by Poshbird1972 View Post Can Anyone please help.

My husband and I are looking for a small bar / restaurant to rent for the coming tourist season in Goa.

Location North Goa - Calengute or Baga.

If anyone is aware of anything which is available, please forward details to me.

Look forward to hearing from you.

Thanks

Poshbird
just come to Goa,soak up the sun,have some fun and go back to your home without any hassles is what i would suggest!
#12 Aug 8th, 2010, 11:47
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#12
Quote:
Originally Posted by GoanCanuck View Post The prevailing rate for a bar and restaurant in Calangute is around Rs 25,000/month - Rs 45,000/month on a 5 year lease. For Baga it is higher. It is not worth it. You will not make any money after you have paid all the bribes and overheads.
thats pretty cheap compared to prices in Bangalore, but then in Goa you have bars next to each other all along the road!
#13 Aug 8th, 2010, 11:48
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#13
Quote:
Originally Posted by baba420 View Post wokring in bars in north goa can be fun, LOL.
i just prefer drinking and getting smashed! i already have enough work back home,the last thing i would want to do in Goa is work!
#14 Aug 8th, 2010, 15:27
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#14
Quote:
Originally Posted by GxMx View Post thats pretty cheap compared to prices in Bangalore, but then in Goa you have bars next to each other all along the road!
The pubs in Bangalore have much higher volumes as compared to the ones in Goa plus the ones in Goa have zero revenue during the monsoon. The rental amount has to be proportionate to the sales turnover.

Paying Rs 100,000/month for renting a bar/restaurant is fine and dandy if the monthly gross sales is 1,500,000/month but if your gross is barely 500,000/month then it becomes a terrible investment. Many Indian businessmen from Delhi have learnt this the hard way when they have tried making money in the restaurant business in Calangute/Baga. I have personally seen so many cases of entrepreneurs losing huge sums of money in Goa in the bar/restaurant business.
#15 Aug 8th, 2010, 19:58
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#15
Quote:
Originally Posted by GoanCanuck View Post The pubs in Bangalore have much higher volumes as compared to the ones in Goa plus the ones in Goa have zero revenue during the monsoon. The rental amount has to be proportionate to the sales turnover.

Paying Rs 100,000/month for renting a bar/restaurant is fine and dandy if the monthly gross sales is 1,500,000/month but if your gross is barely 500,000/month then it becomes a terrible investment. Many Indian businessmen from Delhi have learnt this the hard way when they have tried making money in the restaurant business in Calangute/Baga. I have personally seen so many cases of entrepreneurs losing huge sums of money in Goa in the bar/restaurant business.
i understand your point Canuck,what your saying is the basic math which soo many people fail to work out before jumping into the cesspool!
i knew a guy from Delhi who tried doing the same in Goa and burnt his fingers,toes and whatever else that dangles most of them deserve it because they dont do any kind of ground work,they turn up during peak season,see the crowd,start imagining and calculating uncalculatable figures in their minds and then pump their(or in most cases somebody elses)money and then go kaput!
the picture in Bangalore also looks very rosy from the outside,this place has its own set of problems which are a waste of time talking about on the Goa forum!

moral of the story is simple, check in,do your vice and check out!
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