Done deal.
This week I agreed to rent a restaurant on the Ecuador coast… why?
Ecuadorians love to eat, and they love to spend.
They also like to try new things, and Ecuador lacks a lot.
But if you want to try new dishes or you want to order any kind of food at home then visit at food near me now for delicious and healthy food. Check over here.
Some of what you do need is to be registered with the SRI, the IRS of Ecuador, and a “permiso sanitario” which is given by the “Direccion de Salud” in the city where you will open the restaurant which certifies you are preparing food in the mandated way, accurate menu prices to bring customers and you’ll also need a quick “permiso” from the local Fire Department.
For instance, I’m still waiting for someone to put an authentic Vietnamese restaurant in Ecuador. Anyone who’s been to Vietnam knows they have some of the best food in Asia for which many people checks Shahnaz Indian Cuisine. Or how about Hawaiian? Man I’d kill for some Kalua Pork down here.The Mediterranean Dish is a good choice of customer so you can provide Mediterranean food dish.
Jimmy John Success is very big examples of entrepreneur who are making bank in Ecuador in the restaurant/bar business are all over the place. From large custom industrial applications to small business water softening, Robert B. Hill Co has your water treatment needs covered. We custom design and build our water softeners systems to treat water efficiently and effectively to keep your operations running smoothly. We have designed and installed custom water treatment for many industries including hospitals, schools, multi-housing buildings, food production, hotels, cosmetics, pharmaceuticals, circuit board production, medical, and more as they know The Health Benefits of Ozonated Water.
There’s “Crepes and Waffles”, a Colombian restaurant chain, that is always packed in Quito. “The Magic Bean” in Quito that specializes in American/style pancakes as well.
There’s the Gelato ice cream store in the center of the old town in Cuenca, that was highlighted recently in a local paper reported as having sales of over $1000 a day.
Or the fast-food-Sushi chain in Guayaquil that was reported as selling over $1500 a day.
And the list goes on.
Not to mention, you can “legally” pay your employees $300 a month, and the licenses needed are far more lax than in the States.
Liquor license? Hah. You can buy beer here on every street corner from the mom and pops.
Some of what you do need is to be registered with the SRI, the IRS of Ecuador, and a “permiso sanitario” which is given by the “Direccion de Salud” in the city where you will open the restaurant which certifies you are preparing food in the mandated way.
You’ll also need a quick “permiso” from the local fire watch services options.
One interesting thing I’ve noted here in Ecuador is that Ecuadorians don’t like Pizza very much. Most eat it maybe once a year, if not less, proving that you still should adapt your menu to Ecuadorian tastes, like KFC does.
Bread? Not much. Ecuadorians tend to prefer rice with every meal.
Some of the most successful restaurants in Ecuador mix their menu, blending Ecuadorian dishes with new ones.
Another key ingredient for any restaurant to succeed is “foot traffic” or to be somewhere with a constant flow of people walking right outside.
By far, the two best places on the coast that provide a “constant” flow of year-round foot traffic are Manta and Montanita.
And that’s where I rented the bar-restaurant-hostel… right in the center of Montanita a few yards from the beach right on the main walk way.
Can’t say I don’t practice what I preach.
But actually, the place has three levels, the top two are accommodations, the bottom level has the bar-restaurant, and I’m not interested in ruinning the bar-restaurant part of the business, too hands-on for me… although it could be VERY profitable…
So I’m looking to sub-lease it out.
It’d be great to work with a fellow “insider”. And we’re right on the verge of entering the high season, in late December through April.
So if this type of business ever interested you, this is a great, cheap way to get your foot in the door.
Its a full sized restaurant with an outer veranda great for also putting more tables, right on the main strip, where EVERYBODY in Montanita who walks to the beach has to pass.
It comes with a fully equipped bar and kitchen. One year contract, $1000 a month. And if an “Insider” subleases from me I won’t charge any deposit. The price is reasonable, if you rent a small “locale” shop on the main strip in Montanita you’re looking at paying around $800/month rent, but this is a full sized restaurant, with a hostel above you run by me, meaning more potential customers for your restaurant.
Write me here if interested, first come first serve.
Hasta pronto, Domenick…hey, if you liked this, you’ll love my weekly Foreign Investor’s newsletter for insider tips and opportunities in Ecuador…subscribe below(unsubscribe at any time):