Business for sale in Medellin

laughing says on Sep 15, 2007, 13:29:

You got to be joking! Just how stupid do you think the people on this site are?

Every post from you is some sort of spam to sell a piece of junk. I hope no one here takes you up on your offers.

Any type of Internet based or computer company has to change its hardware every 2-3 years to stay in business. You are selling a bunch of old obsolete equipment right at the point where it needs to be replaced. You ask $30,000 - $40,000 USD for this GARBAGE. In exchange for this the poor buyer is going to make a whopping whole $700 - $1000 a month if your books are telling the truth!! WOW! I might make my money back in 4 long f at cking years! But you know what, the equipment will be garbage again in 4 years so the real turn around to break even is probably close to 6-7 years! Nice!

Oh, and the whole "absentee owner" thing is HILARIOUS! This is Colombia remember? You really think you can leave a business to be run by a bunch of Colombians and not lose your shirt? HA HA HA!

The reason I am pointing this out is a I AM SICK AND TIRED of all our posts over the years here trying to sell GARBAGE to the members of PBH.

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vicshere says on Sep 15, 2007, 13:53:

i have to agree with laughing

listo

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Medellin Traveler says on Sep 15, 2007, 14:08:

I'm laughing too!

Also agree. Poster like this always have something to sell and nothin' to say about anything.

"Huevos Rancheros en Medellin, No Quiero Taco Bell." - www.medellintraveler.com

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Tinto (Moderator) says on Sep 15, 2007, 14:18:

If these businesses can return 20% plus on invested capital I wonder:

1) why the owner is selling a turnkey business that can operate with an absentee owner?

2) if the owner is willing to provide copies of the real estate lease agreements, financial statements, tax returns and the bills from a bookkeeping firm?

The management work of accounting, handling cash/paying vendors and paying taxes might eat up a significant portion of the projected return.

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vicshere says on Sep 15, 2007, 15:11:

tinto i find it hard to believe that an Internet cafe & Paperlia can make 20%

listo

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jinksmiester says on Sep 15, 2007, 15:13:

anyone interested in buying some land?...ive got some really good bottom land for sale...you just have to move the swamp on it and your all set or better yet build your house on pontoons........i think its a good investment compared to whats offered in this tread...lol

A man is not old until regret takes the place of dreams

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bradenmiami says on Sep 15, 2007, 15:13:

I read the ads for about 4 seconds each before making a very educated business decision that these are SHITTY investments! Please don't anyone be stupid enough to even consider it....

The "lovemedellin website" is a piece of crap made by some moron who has only been to Medellin once...you'd be better off reading the Lonely Planet advice from a guy who never even came here!

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RussianFred says on Sep 15, 2007, 15:15:

I'm selling Colombian air space.

Annual Drug Deaths: Tobacco: 395,000, Alcohol: 125,000, 'Legal' Drugs: 38,000, Illegal Drug Overdoses: 5,200, Marijuana: 0. Considering government subsidies of tobacco, just what is our government protecting us from in the drug war?--Ralph Nader

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jinksmiester says on Sep 15, 2007, 15:18:

hey fred ..id like to buy some of that air space....as long as its clean air and the space isnt crowded...lol

A man is not old until regret takes the place of dreams

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RussianFred says on Sep 15, 2007, 15:34:

You never know 20-30 years selling water was a joke.

Annual Drug Deaths: Tobacco: 395,000, Alcohol: 125,000, 'Legal' Drugs: 38,000, Illegal Drug Overdoses: 5,200, Marijuana: 0. Considering government subsidies of tobacco, just what is our government protecting us from in the drug war?--Ralph Nader

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hawkmare says on Sep 15, 2007, 22:06:

I wonder if tinto and vicshere own buesinesses in Colombia.

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vicshere says on Sep 15, 2007, 22:08:

yes i have but no more thnak god

listo

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fermech says on Sep 16, 2007, 06:53:

It sounds like allot of BSSSSSSSSSSSSSSS. Colombians think they are so smart and can make money with nothing.

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Lowell says on Sep 16, 2007, 07:06:

maybe a money maker a few years ago. now one of each on just about every block. yesterday calls to usa 150 pesos per min.

Alfred E. Newman. "What. Me Worry?"

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Medellin Traveler says on Sep 16, 2007, 08:22:

Fermech,
I believe medellinmike is not Colombian. So it's not a Colombian thinking he is smart trying to make money out of nothing but another case of gringo gouging by gringos.

"Huevos Rancheros en Medellin, No Quiero Taco Bell." - www.medellintraveler.com

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morphus says on Sep 16, 2007, 08:24:

Don't do business with gringos in Colombia and don't rent/buy apartments from gringos in Colombia. You're bound to get ripped off.

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arthur brode says on Sep 16, 2007, 08:30:

true:)

http://www.calirentals.net/

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arthur brode says on Sep 16, 2007, 09:04:

For Sale:Buisness on Avenida Sexta (Cali)

The Bar has been in buisness for like 5 years.The present owner(North American) is ASKING 80 million pesos to sell the buisness.He is selling the buisness because he is planing on moving.He says the Bar nets like 5/6 million per mo. during high season and like 2/3 million pesos per mo.during low season.

copy and paste link to view photos

http://www.picturetrail.com/gallery/view?p=999&gid=16824412&uid=583197... ...

http://www.calirentals.net/

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Tinto (Moderator) says on Sep 16, 2007, 09:07:

I'm guessing that a lot of businesses like the ones described above trade hands at the value of the assets plus something extra (but not much). This is because small business owners either don't have the financial records to show what a business REALLY makes or don't want to show them because they're not reporting all that income to the taxing authorities. Same thing happens in the U.S. and it's probably even more frequent in Colombia.

So, unless you have experience with these types of businesses and know what they can produce, or you have access to financial records that you trust, I'd run away from "great opportunities" that are a huge premium to asset value.

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Robert Jorge says on Sep 19, 2007, 15:15:

Hey Art - so that bar is still for sale? Why no takers yet? It's a serious question and I am not trying to be a smart-ass.

--"I believe in making the world safe for our children. But not for our children's children, because I don't think that children should be having sex." - Jack Handy

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arthur brode says on Sep 19, 2007, 15:42:

dont ask me??
iam just the middle man.
i get 4% if i sell the place
Bars dont sell overnight in Cali
the owner paid 150 million for it.
go figure

http://www.calirentals.net/

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Robert Jorge says on Sep 19, 2007, 22:48:

Cool - just curious.

--"I believe in making the world safe for our children. But not for our children's children, because I don't think that children should be having sex." - Jack Handy

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goin_south says on Sep 20, 2007, 05:16:

70 mil usa dollares for a bar in Cali?
damn.
maybe that's why.
or, am I dividing wrongly again?

Colombia es

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