I'm in the market for a restaurant (type will depend on location) and have been searching for more than six months for something viable. Unfortunately the only places I see advertised are businesses which are voluntarily selling out (usually retirement or loss prevention) but the sellers inevitably want three times the actual value of a place. Since 80% of restaurants and bars fail inside their first year here there have to be more opportunities than I'm finding. Do banks place public notices of businesses they're foreclosing on? Are there auctions? Where are these listings?
woof.
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Finding a failing business in Germany
Do banks publicly list foreclosures?
Look for Insolvenzbekanntmachungen in your local Amtsgericht ...
You are looking at a little bit of the wrong way round BD.
If a restaurant or pub folds in Munich then the rental contract with the freehold owner of the property is ended.
Banks aren't involved at all on that aspect.
If you are looking for a location then either get in contact with the breweries who own a LOT of locations in Munich and are always searching for tenants.
Or pick an area and then start asking around.
You realise yourself though obviously that it is a VERY competitive market and having a restaurant or bar in Munich can be a good way to lose a LOT of money very quickly. And if you end up looking for an experienced baman for a couple of shifts a week, cash in hand, I might know someone.
If a restaurant or pub folds in Munich then the rental contract with the freehold owner of the property is ended.
Banks aren't involved at all on that aspect.
If you are looking for a location then either get in contact with the breweries who own a LOT of locations in Munich and are always searching for tenants.
Or pick an area and then start asking around.
You realise yourself though obviously that it is a VERY competitive market and having a restaurant or bar in Munich can be a good way to lose a LOT of money very quickly. And if you end up looking for an experienced baman for a couple of shifts a week, cash in hand, I might know someone.
> If a restaurant or pub folds in Munich then the rental contract with the freehold owner of the property is ended.
> Banks aren't involved at all on that aspect.
Banks are involved in the loan. Whether or not the rental/lease contract expires depends on the contract, and even if it does expire, the landlord will certainly want to get a new contract signed and the space paid for as quikly as possible.
> If you are looking for a location then either get in contact with the breweries
Fuck no. Never. I will NOT be a fucking brewery slave. I know exactly what goes on with breweries and Pacht: complete control over offerings, denial of choice and unreasonable/unattainable minimum quantity sales per quarter.
> You realise yourself though obviously that it is a VERY competitive market and having a restaurant or bar in Munich can be a good way to lose a LOT of money very quickly
You've forgotten that I have many years of experience and that a few years ago I'd completely turned around a failing business inside a few days (all for nought since my changes and fixes were undone two days later).
While location is quite important, Brauereifrei and Automatenfrei are actually greater concerns for me.
woof.
> Banks aren't involved at all on that aspect.
Banks are involved in the loan. Whether or not the rental/lease contract expires depends on the contract, and even if it does expire, the landlord will certainly want to get a new contract signed and the space paid for as quikly as possible.
> If you are looking for a location then either get in contact with the breweries
Fuck no. Never. I will NOT be a fucking brewery slave. I know exactly what goes on with breweries and Pacht: complete control over offerings, denial of choice and unreasonable/unattainable minimum quantity sales per quarter.
> You realise yourself though obviously that it is a VERY competitive market and having a restaurant or bar in Munich can be a good way to lose a LOT of money very quickly
You've forgotten that I have many years of experience and that a few years ago I'd completely turned around a failing business inside a few days (all for nought since my changes and fixes were undone two days later).
While location is quite important, Brauereifrei and Automatenfrei are actually greater concerns for me.
woof.
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