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bumblebee

La Bamba: What's Up?

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1 hour ago, bumblebee said:

The end of an era in Pattaya.  One of the last remaining LB venues from most guys’ early days in town.  I first visited a week or so after it opened in its original, and some may argue better, location across the road. Good times back then.

Looking at history, sooner or later all the ladyboys bars are closing. Among the worst investments one may make.

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Any business can be a bad investment,  it's the risk you take from day one .I have not met anyone that can look into the future and say this is going to work , two of the most well known franchise in the world " Hooters and McDonald's " have both failed in the wrong  location. 

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2 hours ago, stoolpusher said:

Any business can be a bad investment,  it's the risk you take from day one .I have not met anyone that can look into the future and say this is going to work , two of the most well known franchise in the world " Hooters and McDonald's " have both failed in the wrong  location. 

Spot on SP!

I think many businessmen underestimate risk.  Some fail because of weak management.  The tragic thing though is that a bar could be doing everything right and through hard work and smart work be successful and have it all wiped away because of the pandemic.

Risks such as "what if tourism falls by 20%" or "what if customer preferences change such as preferring Treeetown or Chaiyapoon instead of Action Street or Soi 7"   are something a prospective business owner should take into consideration.  But who could foresee that tourism drops 99%?

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Many bars in general failed long before the pandemic, but somehow seemed to limp along along regardless, no doubt haemorrhaging money along the way. But to be fair, bars now in every country in the world, even Ireland, were failing long before the pandemic, as attitudes changed and there was too much competition for an ever diminishing customer base.

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On 7/28/2020 at 8:49 PM, bumblebee said:

The end of an era in Pattaya.

Let's be honest. Ever since Nancy was bought out, it's been downhill.

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