C
cwashiii
New Member
I would like to know if anyone has invested in a hotel or restaurant business in Brazil. If so, how did you fund it? How is it for "gringos" owning a hotel in Brazil? What is the labor force like?
Here in the Northeast I know a British guy who has bought a freehold property with the aim of converting it into a bar and rooftop restaurant. But in places here the market is very undeveloped and expertise from abroad is broadly welcomed.I would like to know if anyone has invested in a hotel or restaurant business in Brazil. If so, how did you fund it? How is it for "gringos" owning a hotel in Brazil? What is the labor force like?
You fail to mention too that the wages they get for these long hours is a pittance!! Many work for minimum wage (380R$ month) or little more. Whilst the employment costs for an employer can be substantially higher with the "decimo", social security etc, the employee will probably welcome the "gringo" employer since we have more of a tendency to treat employees fairly. In Brasil the "ugly" face of capitalism is at its worst!Here in the Northeast I know a British guy who has bought a freehold property with the aim of converting it into a bar and rooftop restaurant. But in places here the market is very undeveloped and expertise from abroad is broadly welcomed.
Finance has to be all cash as there are no mortgages available to you.
I have always found gringoes most welcomed by the locals as they are a source of job creation and thus comparative wealth. For their part the locals work hard, long hours six days a week.
You fail to mention too that the wages they get for these long hours is a pittance!! Many work for minimum wage (380R$ month) or little more. Whilst the employment costs for an employer can be substantially higher with the "decimo", social security etc, the employee will probably welcome the "gringo" employer since we have more of a tendency to treat employees fairly. In Brasil the "ugly" face of capitalism is at its worst!
Great answers guys, but I'm still trying to find a person who has actually purchased a business. Are most of the people in this forum associated with Northeast Brazil? I'm trying to get more information on the larger urban centers, mainly Sao Paulo.