Successful Medellin Restaurante for Sale - very Cheap!

Mononoke28 says on Feb 21, 2008, 11:43:

There are a ton of fast food restaurants in that area. What kind of food do you have there?

Diana

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JumboBond007 says on Feb 21, 2008, 12:45:

very generous offer, but I am not into restaurant. My father used to own a restaurant in Newcastle (England) about 15-20 years ago. If I were my father, I might consider this business!! I am into Fashion business :)))

GOOD LUCK !!!

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tejasmarcos says on Feb 21, 2008, 14:04:

would you allow for an audit of the business?

how long has it been in business?
what is the lease payment? terms?
when does the lease renew?
how much capital equipment do you own?
i assume $3.5 million is a gross figure?
what is the total amount of the monthly payroll?

would you finance the $9500 for an agreed upon term?
what is the total amount of an average month's food stock? who are your suppliers?

trying to walk a straight line on sour mash and cheap wine...

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nbenjamin says on Feb 21, 2008, 16:36:

Finance 9,500.00? That is nothing you could throw it on a credit card? Just curious why finance - just to give you the option if he F'd you over?

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durito says on Feb 21, 2008, 16:43:

Throwing it on a credit card would also mean you were financing it.

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nbenjamin says on Feb 21, 2008, 16:47:

In a sense - but come on - I am just saying how small the payment is. THats all duridioto. 9,500 - That a small chunck of change.

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tejasmarcos says on Feb 21, 2008, 16:49:

the logic is pretty straight forward guys......

trying to walk a straight line on sour mash and cheap wine...

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mranderson says on Feb 21, 2008, 17:06:

I wish $9,500 was a small chunk of change for me.

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RAAAY says on Feb 21, 2008, 17:20:

Spartan....( hmmmmm )................... buyslake has e-mailed various people ovr the last months with details they requested.........................

If it were me..................... heres the basic info.......if you want to see the books put $1000 into escrow to demonstrate a person's real interest.

Any luck with the aparthotel....??

.........Its useless to argue with ignorance

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robi666 says on Feb 21, 2008, 17:32:

Yaaaawn... doesn't he ever get tired?

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

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durito says on Feb 21, 2008, 17:45:

"In a sense - but come on - I am just saying how small the payment is. THats all duridioto. 9,500 - That a small chunck of change."

It's business. I'd approach it the same way if it was $900k. And $10,000 is hardly a small chunk of change to most Colombians.

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RAAAY says on Feb 21, 2008, 17:46:

You're welcome Medo......ooopppsss...sorry.......Spartan

.........Its useless to argue with ignorance

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Catfish35 says on Feb 21, 2008, 17:55:

I am in the restaurant business and I was going to scratch out a long summary about this place.
However, I decided not to.
I have checked this business out.
Without going into positives and negatives, if your interested and want to know what I found out about this place and my opinion shoot me an email.
I will be more than happy to share with you. This business has some positives and some negatives.
Also please be aware that the price has decreased since the initial post!

PEACE

"So many guns, and so few brains". sam spade

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jonas says on Feb 21, 2008, 18:05:

my guess: open only for lunch? selling maybe 120 dishes / day? lots of work, little reward and a day off / week

What I have, I do not want to lose, but Where I am I do not want to stay, but those I love, I do not want to leave, but those I know I no longer want to see, but Where I die, I do not want to go;I want to stay where I have never been

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Catfish35 says on Feb 21, 2008, 19:04:

Spartan,
I would normally post some reply if it were about something other than someone elses lively hood.
I could post my opinions, facts, and the such and than some smart ass who has no business or interest in this mans business would come by and start butchering it up because they just simply do not have anything else to do.
If we were talking about something in general and not pertaining to this I would and enjoy being open to the usual smart ass! Thats all ! Just something I am more comfortable with doing behind the scenes. If you want shoot me an email, I will tell you what I know. The place has positives and negatives, someone could make a go of it if they want!
Peace

"So many guns, and so few brains". sam spade

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Catfish35 says on Feb 21, 2008, 19:46:

I am sorry but I do not follow you or the meaning of your video.

"So many guns, and so few brains". sam spade

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nbenjamin says on Feb 21, 2008, 20:43:

Duridioto - thanks for the clarification. 10,000.00 ain't sh#t. In colombia it is a lot of money? Thanks monkey. But Marco from Texas works in Texas, not Colombia. 10 gr. aint shit.

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buyslake says on Feb 22, 2008, 08:38:

Actually only a few people have came to the restaurant to check it one and it was sold last week for more then price offered. However I was not able to meet with the person to sign the papers and he was so anxious to purchase a business he purchased another one. The restuarante sells tipico Colombian foods. If you have doubts on the sales, why not come sit in the restaurante at lunch time and you can see for yourself the telephone rings none stop with orders.

As far as the price drop, I dropped it only because I do not care if I lose some money on it, I am in Colombia only for a short period of time and would like to sell it while I am here. Everyone that has seen it thinks I should be asking more for it.

If you can show me a restaurante that you can buy in this location of Medellin for a lower price that sells as much food as my restaurante, then I'd like to know about it.

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tejasmarcos says on Feb 22, 2008, 11:21:

again;

would you allow for an audit of the business?

how long has it been in business?
what is the lease payment? terms?
when does the lease renew?
how much capital equipment do you own?
i assume $3.5 million is a gross figure?
what is the total amount of the monthly payroll?

would you finance the $9500 for an agreed upon term?
what is the total amount of an average month's food stock? who are your suppliers?

- anyone would have to be extremely hard up not to conduct due diligence on a business for sale. simple questions like these should be easy to answer if the biz is in fact what it is purported to be. never purchase real estate or businesses without conducting due diligence folks.........

trying to walk a straight line on sour mash and cheap wine...

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durito says on Feb 22, 2008, 11:29:

"Duridioto - thanks for the clarification. 10,000.00 ain't sh#t. In colombia it is a lot of money? Thanks monkey. But Marco from Texas works in Texas, not Colombia. 10 gr. aint shit."

If you are going to call me an idiot, please learn how to write coherently in English. Thanks.

If it's so little money, why don't you just buy it.

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jonas says on Feb 22, 2008, 13:59:

Maybe it was tejasmarcos who bought it last week but never returned to sign the papers?

What I have, I do not want to lose, but Where I am I do not want to stay, but those I love, I do not want to leave, but those I know I no longer want to see, but Where I die, I do not want to go;I want to stay where I have never been

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tejasmarcos says on Feb 22, 2008, 14:52:

maybe i have already seen all of the above info i requested and walked? or maybe the owner refused to provide the info to me? or maybe i am full of it? or maybe i am not a fool? or

trying to walk a straight line on sour mash and cheap wine...

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Catfish35 says on Feb 23, 2008, 00:41:

Buyslake is correct. The place has a lot of traffic. For the price, right person, and some TLC you could make a go of it. I cannot speak for COGS versus Gross Sales and Profit. But again the price is tempting.

"So many guns, and so few brains". sam spade

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Medellin Traveler says on Feb 23, 2008, 05:32:

Anyone have any pictures of the restaurant and the surrouding area to post?

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

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Catfish35 says on Feb 23, 2008, 14:24:

MT,
I have pics if you want I can send them over to you

"So many guns, and so few brains". sam spade

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buyslake says on Feb 26, 2008, 11:49:

Well, I just got back from Medellin. I got the necessary papers completed with a Notary to enable my administrator to sell the restaurante for me if I am not in Colombia.

I have pictures of the restaurante and area in front which I just took a few days ago. If you would like pictures email me: aobanco at msn.com

tejasmarcos, I thought responded to all your questions in an email earlier, if you did not receive it email me again. No I will not finance $9,500 dollars, I would suggest you take advantage of a credit card offer or find other means of getting the money. You can take up to 10,000 when entering the country so this is easy for anyone. You could also send me a check here in the USA.

One thing to point out is, this business has been in place for many years and we have a large number of clients that buy their daily lunch from us everyday. So you are not only getting the restuarante equipment and trained employees but a also a huge client base. Something that may take years to acquire when starting a new restaurante.

Rent is 760,000 pesos per month only about $380 USD

The food is good, and the service is very fast and friendly!

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buyslake says on Feb 29, 2008, 08:12:

More info: The restaurante has been in business in that location for 15 years and therefore has a large client base.

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