Can I do THIS with my money? Americans needed for this answer!?

  • Thread starter Thread starter Lucky G
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Lucky G

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recently found out that I have very unexpectedly inherited £150,000 (approx $220,000) Currently I am still in a state of shock and I made the MASSIVE mistake of telling the world and his dog my news so now everybody is giving me their advice and rubbishing any ideas I have of my own! I have always wanted my own bar, I have worked in a few bars around the world (my home country of England but also greece, ibiza etc) but only as a barmaid.

The place I want my bar is NEW YORK, NEW YORK! (sorry, could not resist!) I had a lot of holidays there, in Manhattan mainly, when I was in my early twenties (I am a much better behaved 42 years old now!) and I have wanted to live and work there ever since. Im pretty confident this will be the best opportunity I ever have at this so Im going to try and get it together and make it happen but dont know where to start....

Should I do some sort of business/taxes/admin course first and if so which one? Can I just buy a bar in New York and then get a residence visa or must I do it the other way around? Will owning a bar (and therefore providing jobs) help me get a visa, as I have heard its very difficult for people from England to get American visas? Will this amount of money be enough? What else would I need and most importantly AMERICANS what sort of bar (if any) is The Big Apple missing?! I have read how YA works so I will be giving them all important points thanx
 
Why not become a silent or regular partner with a bar owner.
Use life half the money so you don't loose it all and make sure you check them out well with your lawyer as I have known a few bars/nightclubs to go under due to IRS seizure.

Once you get enought money from your investment, use it to open your own. Buy bpeing a partner, you gain experience from some already know the ropes.

Good luck

Steve
http://ClubCemetery.com
 
first please dont call new york the Big Apple. its so annoying to americans. and second i dont think 220,000 will be enough if you want it to be in manhattan because a 1 bedroom shi t hole there costs alot more then that. so idk..but thats just my thought and i live 30 minutes from new york.
 
do NOTHING (sorry I couldn't resist) I mean absolutely nothing until you have a business plan...Google business plan templates and start reading everything you can find on the web about business start up...at first it will be daunting but after a bit the same things will keep popping into your head when you read, those are the things that will be important as you move along...talk to business owners, especially successful ones, ask them questions, most will be happy to answer...get a book called THE E MYTH or E MYTH REVISITED and read it from cover to cover...most of all remember two things: never give up! (if this is what you really want!) and never trust anyone but YOU!...oh yeah!!! that amount of money is nowhere near what you need but as you draw up your business plan you'll see how to raise more...good luck!
 
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