Monday, December 11, 2006

Analysis (1)

First of all, starting the bar business, you have to collaborate with local people. The money is coming from you, but in all the documents there appears another name, most usually, your Thai girlfriend's or your wife's. Futhermore, all the documents are in Thai, which means, you normally cannot read them.

For the beginning it seems OK for you, because you love your wife/girlfriend and you trust her. And obviously you think it will last forever. But there is no guarantee.

Your lady can cheat you, actually, in every minute. And so all other ladies working in the bar.

And here you can see your first mistake: too much trustfullness.

How to avoid this mistake?

When bying a bar or another business, let make the initial contract by a lawyer in English. Make sure that the contract is made for your name.

Don't worry about other paperwork: the licences, etc. This will not hurt you financically. Sure you have to pay for very many things after the initial payment, but this is just a small money for you.

If you can avoid the first mistake, you will be able to sell the bar anytime you like.

Yes I made the first mistake, but fortunately, the land lord (a Thai man) acknowledged my rights, mainly because I paid the rent to him, personally.

3 comments:

Anonymous said...

hello
I have question . I 'd like to know how can I open a mini mart in Pattaya?
this is my email address:
barbod2004@gmail.com

lulu said...

Sry, I've no idea.

Anonymous said...

with the number of 7/11s and family marts this is an almost impossible way to make money. The profits are thin. My advice is do not do this it will last a few months.