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buying a bar in Hungary

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magyarman
  1/20/2017 10:08 EST

Hello all, I'm thinking about buying a bar here in Hungary. Its already a running bar, so I'm curious about buying it and keeping it going. Does anybody have any tips or advice?

peddington
  1/20/2017 15:10 EST

Don't have much experience with this type of business but I would highlight two things; 1. NAV (Hungarian tax authority) now requires an on-line cash register for most businesses that goes directly to them (less chance of cheating so they get their cut). 2. Do make sure there is no debt associated with the establishment that you may inherit unwillingly. (in Hungary it is not a strange concept to sell real estate etc., more than once. Having said that HIRE A LAWYER! Good luck!

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Dparker
  1/29/2017 07:55 EST

I am not sure if I can help, but, I have lived here for about a year. I am an architect and designer and I also help expats and international clients find properties in Budapest. I happen to know of a bar in a popular spot in Budapest that is up for sale. I am sure that the owners if you were interested in purchasing the bar that they have, can help you in anyway to establish your bar. Even if you are not interested I may be able to put you in contact with the right people to get you adjusted.

Dennis Parker
[email protected]

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