Never touch restaurant-bizz in Argentina
Aside that, usually a stranger will overpay the so-called "fondo de comercio" (which is just the cash-value, usually 25 - 70 days-income), instalations of the place and the contract of renting it). A commercial contract in BsAs runs for 3 years usually, no longer. After that time the real-estate owner can rise your rent up to the clouds; and will do it, if he thinks, you are earning money running the resto.
The old owners will also "sell" their staff.
That includes all the demands that the employees have against the business. Aside the one-month/year indemnización (it is by law FORBIDDEN to fire an employee after 3 months of probe), they may fall down the stairway, get burnt by fat or have an "accident" when going to work.
They will demand irracional sums and may get it by the funny lawsystem.
Any of those lawsuits can and WILL ruin you. As you are stranger so you are rich.
I had 15 years bars and restaurants, three years here in Buenos Aires. They demanded me 8 times (ok, they all lost but that usually not takes place). Aside you have once a day an "inpector" (real or fake) that wants a "contribución", not to forget the fireman, bromatology or tax-men.
NEVER go in that business as a stranger.
Any employee can ruin you.
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Guten Tag, mein lieber alter Freund.
[QUOTE=Spassmusssein;449855]Aside that, usually a stranger will overpay the so-called "fondo de comercio" (which is just the cash-value, usually 25 - 70 days-income), instalations of the place and the contract of renting it). A commercial contract in BsAs runs for 3 years usually, no longer. After that time the real-estate owner can rise your rent up to the clouds; and will do it, if he thinks, you are earning money running the resto.
The old owners will also "sell" their staff.
That includes all the demands that the employees have against the business. Aside the one-month/year indemnizacin (it is by law FORBIDDEN to fire an employee after 3 months of probe), they may fall down the stairway, get burnt by fat or have an "accident" when going to work.
They will demand irracional sums and may get it by the funny lawsystem.
Any of those lawsuits can and WILL ruin you. As you are stranger so you are rich.
I had 15 years bars and restaurants, three years here in Buenos Aires. They demanded me 8 times (ok, they all lost but that usually not takes place). Aside you have once a day an "inpector" (real or fake) that wants a "contribucin", not to forget the fireman, bromatology or tax-men.
NEVER go in that business as a stranger.
Any employee can ruin you.[/QUOTE]I was "sold" and fucked without even a Kiss with my Fondo . Story was 90 Days worth of Profit as the starting price plus equipment ( and every employee's antiguedad or monies owed since the day they started working years before I even arrived. I was hustled by the Owner and the Bookkeeper without a personal lawyer or my own accountants watching my assets.
Neophyte Resto -Biz manager and a very naive and 100% trusting soul because every Argie that I had ever met in my life in Texas was a Saint.
They mistakenly assumed that I was well off Gringo / Yankee.
The Yankee part really hurt and still does !
The only lawsuit was by the guy that pulled me aside on the 1st. Day and told me that he would NEVER Fuck me .
Oh well, we sure had a great time burning my "LLorona" money !
I lost the lawsuit and made an 8 payment deal in court.
He received the 1st. And Only installment of the 8.
Now I owe well over $10 Million in Fines and Liar's Fees , back rent .
Come and get in line.
I paid 16k UsD for a Guarantee that would cover my rent to $116.000.00 Pesos and now they refuse to honor the contract.
Welcome to BA and Please Bend on Over; I'll be more than happy to drive !
I did break, bend and fracture or completely disregard every law or rule of business in the Wharton School of BIZ 101. Manual.
Loved every moment almost !
Live Sex shows , Sex on the roof , counters , tables , stage , closets , kitchen , floor and bathrooms!
Later Boys,
TL.