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Wanted: Business in Philippines for Sale

Discuss culture, living, traveling, relocating, dating or anything related to the Asian countries - China, The Philippines, Thailand, etc.

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Wanted: Business in Philippines for Sale

Postby stumpydog » May 11th, 2014, 7:41 am

Hi, myself and a friend are looking to invest in a business in the Philippines.

We have a substantial amount of money and am ideally looking to buy a restaurant/bar business. We have checked out north of Manila, subic bay & sugar beach.

Anyone one on here know of business's for sale or have one themselves?

Kind regards
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Postby stumpydog » May 11th, 2014, 7:44 am

My friend is going back there to check out leads next week for a month.
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Re: Wanted, Business in Philippines for sale

Postby davewe » May 11th, 2014, 3:41 pm

stumpydog wrote:Hi, myself and a friend are looking to invest in a business in the Philippines.

We have a substantial amount of money and am ideally looking to buy a restaurant/bar business. We have checked out north of Manila, subic bay & sugar beach.

Anyone one on here know of business's for sale or have one themselves?

Kind regards


I know of a couple bankrupted ones you can pick up easily :)
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Re: Wanted, Business in Philippines for sale

Postby davewe » May 11th, 2014, 3:51 pm

repost
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Re: Wanted, Business in Philippines for sale

Postby OutWest » May 11th, 2014, 4:01 pm

davewe wrote:
stumpydog wrote:Hi, myself and a friend are looking to invest in a business in the Philippines.

We have a substantial amount of money and am ideally looking to buy a restaurant/bar business. We have checked out north of Manila, subic bay & sugar beach.

Anyone one on here know of business's for sale or have one themselves?

Kind regards


I know of a couple bankrupted ones you can pick up easily :)



I would strongly advise against any business venture in the Philippines if you have not
spent considerable time already living in the country. It has been said that the best way
to make a small fortune in the Philippines is to start out with a large one.

That said, there are foreigners who run successful business in the Philippines...
but I would say that strong family connections there are very helpful. In my case, being
married to a Filipina from a Family with a locally recognized name has probably been
a very big help in keeping predators away.
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www.sulit.com

Postby targetguy » May 11th, 2014, 4:13 pm

8) The website sulit.com has a lot of business advertised on it and start ups. a laundry or water store should be a winner looking around the usa there are many successful here.
no scammers
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Postby stumpydog » May 11th, 2014, 6:03 pm

Thanks for your help and assistance Dave we, we have family members here and and am not coming into this lightly, we have been here before and will continue to come back before we make up up our minds, thanks target guy, for your help and assistance, we will certainly look into this.
If anyone knows of a good business up for sale, if you can direct us there that would be appreciated.
kind regards
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Postby Dash » May 11th, 2014, 9:12 pm

Start a free lance bar & club. Similar to the concept of WhyNot in Dumaguete. Or imagine MBC with a dance floor and music. Sex always sells.

Or if you want to go something non sleezy start a bar / restaurant / club like MO2 in Cebu.
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Re: Wanted, Business in Philippines for sale

Postby Taco » May 11th, 2014, 11:00 pm

OutWest wrote:
davewe wrote:
stumpydog wrote:Hi, myself and a friend are looking to invest in a business in the Philippines.

We have a substantial amount of money and am ideally looking to buy a restaurant/bar business. We have checked out north of Manila, subic bay & sugar beach.

Anyone one on here know of business's for sale or have one themselves?

Kind regards


I know of a couple bankrupted ones you can pick up easily :)



I would strongly advise against any business venture in the Philippines if you have not
spent considerable time already living in the country.


That's good advice.

The biggest problem I found in having a business in the Philippines is your selling a product or service to people that don't have any money, this means your in the volume business whether you like it or not. Your prices have to be really low and you need to sell a lot of product in order to compete. There's businesses that target middle class customers but they never seem busy to me. Having a business close to a US military base might help.
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Re: Wanted, Business in Philippines for sale

Postby Devil Dog » May 12th, 2014, 5:35 pm

Taco wrote:
OutWest wrote:
davewe wrote:
stumpydog wrote:Hi, myself and a friend are looking to invest in a business in the Philippines.

We have a substantial amount of money and am ideally looking to buy a restaurant/bar business. We have checked out north of Manila, subic bay & sugar beach.

Anyone one on here know of business's for sale or have one themselves?

Kind regards


I know of a couple bankrupted ones you can pick up easily :)



I would strongly advise against any business venture in the Philippines if you have not
spent considerable time already living in the country.


That's good advice.

The biggest problem I found in having a business in the Philippines is your selling a product or service to people that don't have any money, this means your in the volume business whether you like it or not. Your prices have to be really low and you need to sell a lot of product in order to compete. There's businesses that target middle class customers but they never seem busy to me. Having a business close to a US military base might help.


This. It makes no sense to attempt to make a living in a poor economy when you have a rich economy available.

I love Vietnam. I have a business idea which I think would fly in Vietnam, but when I crunch the numbers and compare my projected profits to what I have available in the US...it makes no sense to execute it. That's the problem. The best way to make money involving a second world country is to find items that you can profitably import from there into a first world market.

In order to make money you always have to go to where the money is.
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Re: Wanted, Business in Philippines for sale

Postby Dash » May 12th, 2014, 6:02 pm

Devil Dog wrote:
Taco wrote:
OutWest wrote:
davewe wrote:
stumpydog wrote:Hi, myself and a friend are looking to invest in a business in the Philippines.

We have a substantial amount of money and am ideally looking to buy a restaurant/bar business. We have checked out north of Manila, subic bay & sugar beach.

Anyone one on here know of business's for sale or have one themselves?

Kind regards


I know of a couple bankrupted ones you can pick up easily :)



I would strongly advise against any business venture in the Philippines if you have not
spent considerable time already living in the country.


That's good advice.

The biggest problem I found in having a business in the Philippines is your selling a product or service to people that don't have any money, this means your in the volume business whether you like it or not. Your prices have to be really low and you need to sell a lot of product in order to compete. There's businesses that target middle class customers but they never seem busy to me. Having a business close to a US military base might help.


This. It makes no sense to attempt to make a living in a poor economy when you have a rich economy available.

I love Vietnam. I have a business idea which I think would fly in Vietnam, but when I crunch the numbers and compare my projected profits to what I have available in the US...it makes no sense to execute it. That's the problem. The best way to make money involving a second world country is to find items that you can profitably import from there into a first world market.

In order to make money you always have to go to where the money is.


Or have a biz catered to foreigners.
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Postby stumpydog » May 12th, 2014, 6:14 pm

We are not going into this venture to make pots of money, we know that wont happen, my partner is going to retire and live there so he needs to make a certain amount to start to pay back his investment and to live on. Im helping at the beginning and then investing in a couple of years. Speaking to business owners out there we understand the problems with income and outgoings and staffings costs etc etc
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Postby davewe » May 12th, 2014, 6:44 pm

stumpydog wrote:We are not going into this venture to make pots of money, we know that wont happen, my partner is going to retire and live there so he needs to make a certain amount to start to pay back his investment and to live on. Im helping at the beginning and then investing in a couple of years. Speaking to business owners out there we understand the problems with income and outgoings and staffings costs etc etc


This makes more sense. I know several guys in PI who have "successful" businesses, but the definition of success is different there. In most cases these are retirees looking to supplement their income or guys with young wives looking for something to keep their wife occupied and happy. Or in a couple cases looking to keep the wife's family employed. I don't know anyone actually making big money there, though I am sure there are a few.
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Postby Jester » May 12th, 2014, 7:08 pm

My thoughts:

If I bought the RIGHT local business, I would expect that I could make the volume larger,
(1) by giving warm American-style service
(2) by attracting expats via word-of-mouth, webposts, YouTube, etc.

OTOH since I would probably not be allowed to do any actual visible work, the amount of (1) and (2) would be be limited by the extraordinary difficulty in changing how the local help performs. Improving things is HARD here.

Having a local wife would solve this problem, she could crack the whip. But since I ain't getting married right now, I have to assume that what I buy is what I will get.

******************************************

Generally there are two ways to look at the financial end:

(A) Aim to clear $3000usd per month to meet all living expenses and US-based expenses as well.

(B) Aim just to break even, in order to
--enjoy free wifi,
--free coffee or beer or breakfast
--meet people,
--have a reason to get up in the morning,
--and have a place from which to conduct your online business (writing, web-based, trading, etc.)
--MIGHT even give you a place to live.

Buying business type (A) could easily cost $60,000 to $120,000usd, but it sounds like the OP has it. Buying a business is risky in the US, but IMO here in Mexico no more risky than in the US. FAR less competition here, and most are WAY undercapitalized. Businesses that cater to the local middle/upper class are US-priced and do well.

But since my bankroll is momentarily meager, I would personally be lucky to accomplish type (B).
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Postby Winston » May 12th, 2014, 7:20 pm

Have you looked at the businesses for sale on Overseas Ventures?

http://www.overseasventures.com
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