ARE WE CLOSING OUR STORE - ARE WE BANKRUPT - ARE WE LOSING MONEY : ANGELES CITY, PHILIPPINES
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- Опубліковано 8 бер 2021
- ARE WE CLOSING OUR STORE -ARE WE BANKRUPT - ARE WE LOSING MONEY : ANGELES CITY, PHILIPPINES
People have been asking about our Sari Sari Store. So I decided to sit down and do a update video on the status of L.L.B. Sari Sari Store.
#sarisaristore#businessadvice#philippines#angelescity
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Living budget Philippines.
Life in the Philippines.
Retire in the Philippines.
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Angeles City Philippines
About me : Retired American Expat Brian & Filipina wife Luisa, living in the Angeles City / Clark Pampanga Philippines.
I've never know anyone who made money from a Sari Sari store. The reasons are many but usually due to unpaid credit, freeloaders and so-called friends, and pilferage. Your wife just wants to feel useful which is almost impossible where you are located. Try a taxi business or car rental. I've had both and did well. You know the old saying, " How do you make a million in the Philippines? Start with 2 million because you will always lose your 1st million." And NEVER hire family or friends!!!!
The problem with having a store their is most relatives will steal from you
My own take on sari-sari stores is that they are not a profitable business. They are more of a community service shop for the convenience of the neighborhood when you don't want to make the long trip to the market or the mall or wherever. My wife used our stores in AC (ones at the front of our house) mostly as something to do and to make pocket change. Our decision was that there's not enough interest there to maintain for long.
If you want to be poor in the Philippines, be sure you do what other poor people are doing.
Ain't that the truth
Well, I salute Lot....she was always shopping or at the store. She came home and took care of the family. She is a trooper!!! I followed your family's journey consistently for 2 and a half years. It is a helluva ride, Brian.
I'm moving there to relax during retirement, no way would I leave the rat race in the states just to do it again in Asia...........enjoy retirement, life's short!
Amen!
Yes I agree I am also waiting for the Philippines to open for I am retiring over there. I like the idea of a slow pace as you know as we get older we slow down. The mine wants to go sometimes the body just doesn’t catch up! LOL
Things happen for a reason Brian. Who knows, this might be the beginning and change for something that will last for more years. Good luck and I wish you and Lot success with your next store or whatever you guys do. Take care my friend.
School is almost over for Hannah, time to pack things up and move to your oceanfront community in La Union, you only live once.
Time to open a Philly cheese steak shop. 😋
Earn your money in the West and spend it in the East and just relax enjoy your time there
I tried a sari sari store with this cute bar girl to help her out when her days get numbered. But she said it’s hard bec the customers are neighbors and she gets drowned in IOUs. I asked her then why take IOUs? She just give a cant be helped look. The answer is most probably the place is a slum and anyone who buys anything in that area don’t have any money either. We tried pedicabs too. Won’t make a lot but doesn’t cost a lot. Even that fell through because the railroad rezoned the area and people needed to be relocated. I got frustrated. Expectations collide with reality. I think some people are unlucky. Some people find a way. And sometimes, cut your losses and let it go before it drags you down. Live and learn. That was more than 10 years ago. My guess is she is probably chunky now and took the easy way out and bagged a hard working guy who accepts her lovingly or maybe she has a string of kids with different fathers like her sis. The best business is rentals property. You are better owning a good location and renting it out than trying to run a store trying to make a few cents sale on every item. No spoilage. No theft. No long hours.
"How to make a small fortune in a sari sari store......start off with a large fortune". And be willing to work 18 hours a day, eight days a week for the rest of your life
Either way LOT Was a successful business person. But yes a home SARI SARI store is better. Seeing you guys traveling together and LOT getting away from the grunge is great. Plus she has turned into a great vlogger! She is making more profit a month vlogging than the Store.
I don’t know why she goes by the name of LOT when she was given the beautiful birth name of LUISA. I will wager its plain laziness of people not respecting a persons name just because it has a few syllables in it!
@@MrAntman36 my aunt’s name is Luísa and I like it; Lot has a bad connotation (and sound) to it.
Thanks for being open about your experience so others will know the good and bad.
Foreigners refer to those types of stores as Sorry Sorry stores.
The best advice is real-world experience advice, not textbooks... Great advice guys.
Sari Sari stores are like assholes, everyone one has one. Think outside the box. Offer a product that cannot be easily replicated.
Like what genius???it's the Philippines people hustle any & everyway here & like he say once people know your making money he boom 20 others doing the same thing normally right nextdoor too ..
@@thebigunitphilippines5862 You don't have to be a genius to think outside the box. But it seems your incapable of that, so I will give you an example. You can open a small gym, rent or buy some equipment. You don't have to sell vegetables. Your typical filipino cannot replicate this. See how easy that was? It took me 30 seconds to think of that.
@@chosen_one1602 sounds good, but he makes a good point. There are plenty thinking outside the box, but once you do the numbers, it all comes back around. The scale here is so small. Sure, the gym thing, great idea. But to make it worth while you need some good equipment and a few machines. That all cost you money off the top. Now your left with theming to earn and recoup your investments. It’s very risky as there no guarantees here. Fitness is a luxury in the US, but not here. Just a thought.
Invested in a few sari's and it never made money. Definitely cost me money though..
@@chosen_one1602 the gym is a great idea quite a risk though with the start up cost and then you have to target a certain neighborhood as your more poor neighborhood can't afford gyms just a thought
My Filipina wife decided to start a bakery which i was a little worried about. But thankfully it turned out successful. She sells at her bakery and also online to locals and re-sailers.
Spot on, ... been there done that, open a store in front of your house and all the neighbor's are watching you thinking that you are on to a good thing and make some money, Jealousy and the talk behind your back is on "The Fish"
What made you think starting a sari sari store was a good idea 🤔 Like 10 of them next to each other every where you go
maybe you answered your own question. lol
Not like. That IS reality.
Well, it helps to pick something that NOT everyone else is selling. Take ice making, for example. Maybe it takes finding the service or product that's a bit more in short supply of. Sorry ur closing, good luck to what's next!
I think you missed the point of the entire video. Once you find something that makes money, it's not long before everybody else is doing the same thing.
My wife had a very successful store, however, we moved to better living accommodations and tried to run the store from the front of our apartment as you stated at first it was ok. But then the people in the area where moved, and we're only talking about a block, didn't buy from us, they preferred to go to the many other stores that were just around the corner. So we had to close it down, my wife has a store or worked her parents store her whole life. I think is a little sad, however, she has found other things to keep her busy. Thank you for this video, to have a Sari-Sari Store is not easy. As you stated, my wife use to get early in the morning and then close around 11pm. Then the hiccup happened, and here we are, God bless!
Good honest content,thanks for sharing Luisa & Bran 👍
Oh, watching Ms. Lot swing from that big tree when you were on vacation and you chickened out was awesome
Most of the time, it’s good not to listen to your wife’s investment advice
Great Video and advice for anyone wanting to open a store its not all plain sailing. I hope your able to keep the store open. Thanks Brian and Lott 😁👍I
Thanks for the update. Stay safe out there!
With a sari sari store you deal with 1) keeping inventory which ties up your cash, 2) part of your inventory has spoilage issues which wastes cash, 3) petty theft, 4) long hours and lots of sweat capital, 5) giving locals discounts and a credit line, 6) potential robbery, 7) volatile competition, 8) generally low profit margins, 9) at some point when you decide to quit, and you can’t sell the store, your faced with piles of inventory that you may need to sell for pennies on the dollar, 10) you’re at the mercy of a landlord if you don’t own the space. Just a few things I can see as a drawback.
Based on your description, you have a store to keep Lut busy and challenged.. so basically this is a hobby for you guys. As long as you think of it that way then you should know when to get out when the hobby is no longer fun. If you need the money, there are other businesses that may not be as taxing to you physically and emotionally.. if you don’t need the money, then perhaps you can think about volunteering your time to non profit causes?
She should vlog on everyday life in the store
You hit the nail right on the head. My GF opened a sari sari on a farm in butuan where there are about 30 families living there. She opened the sari sari about 5 weeks ago, business was pretty good because only sari sari there and immediately another store opened and sold stuff a half peso cheaper. Dog eat dog.
Hi Brian the sari sari store is traditional it's a part of Filipino economic living that's what make the community strive so if you look at the big picture you are really helping out the community that you live in remember it's not about you it's about what makes you happy and content so I admire your work and what you do for your community and God bless you 👍👍❤️❤️
My wife runs a small sari-sari store in front of our house on Daram Island, Samar. I was/am against it because it takes business from the poor people that also have stores in her village. We don't need the money...it just keeps her busy. But...I never raised an issue about it...was kinda hoping that she would lose interest.
A lot of SariSari stores end up giving utang, which is the death knell. Subsistence living at best.
No utang today come tomorrow
Huge understanding for your thoughts 😊
My sister and her husband put up an EGG business and was renting a small commercial space from a guy who happens to be a good friend of theirs. It was doing so well and the profit allowed them to sell some rice, cooking oils and laundry detergents as well. One year later the owner of the place they were renting from informed them that he no longer want them to stay there as he needs to improve all the spaces for rent, so they had no choice but to leave. It was devastating for my sister and her husband because they gained the trust of their costumers and they became known to the area. A month after they left, that guy did not do any renovations or improvements of his commercial spaces, instead he put up his own egg and frozen food business on the very same spot. That’s how Filipinos support each other’s businesses there...
In other words the owner of the place that your sister rent that supposed to be their friends has envy that's why he kick them out and took over the business. I hope your sister and her husband found another place and continue their businesx.
Make him an offer he shouldn’t refuse.
If you want to start a small business, you should own the building first or buy the building don't rent the place. You will just make the building owner rich!
Totally agree. Rent will kill u.
U can just open a small sari sari store in front of ur 🏠
Small startup business don't take out a long term lease because they don't know if the business will survive. If the business does great, the landlord will notice and jack up the rent. This happened to a friend who opened a restaurant here in the USA. The landlord ran him out of business financially. He then opened his own restaurant there under the same name, (name was not copyrighted). Another friend remolded the place he was renting. landlord doubled his rent because he could now rent it out to someone else at a higher rate. The property owner paid nothing in parts or labor for the improvements. The laws in California was a renter can not undo any improvements made to the property. It is considered destruction based on revenge.
Gratitude is the shortest lived of all human emotions. It is soon replaced with greed.
Just enjoy your retirement
Thank you for all the information it was very helpful God bless you both
Nothing is easy but its nice you guys had good time doing it .
Commercial spaces rental is best business too... if you really got huge money then buy a lot along the road or in the town proper then build commercial spaces. Sure money 💰
Or rental houses... studio type in 6 doors and give it for let’s say 3,500-4,000 x6 doors=21k to 24k monthly clean money 😊.. the more you build the more income. Another suggestion😊
( you got good fellow people you can let them rent to your rental studios when they visit PH ,the figures is my example what I have given above)😊
Great content! Keep up the good work!
Thanks for this video, your advice, suggestions, but most of all, your honestly. Love your honesty.
Hey bro, what time is there? Here’s 1:05 AM
Idk,my ex-gf wanted to open a store on a hill citing the area needed one. The gfs and wives tend to always want one, but remember it’s ur money, not necessarily theirs.
Sorry to hear about your issues with the store. I fully believe that the future for the Philippines is Internet workers, medium-high skilled people doing tasks for companies in affluent countries. My brother charges $100/hr in New Zealand writing for companies.
Your right, my wife set up a plant store beside our house, within a month there where 4 other people in the neighbor hood selling plants, but that's ok, it's just a hobby for here and her dad, if they see a plant or two, it's just a bonus.
One thing to add is family members and so called friends. When you open a store they expect you to give them a job, free food the heart break stories will be coming from everywhere.
Glad you mentioned the copycats. If you are making good money. Others will see that and what to cash in on your success.
Often opening a store as close as a doors down selling the same products as your store.
Do more vlogs around the country...I'm always excited to watch your vacation videos...I feel like I'm home too...
Brian thank you for the info and update. Yes having a store is alot of work, also seeling the basic needs helps but not pay the bills. Being careful and know how to stock what sells is important. Long hours for sure and look at the profit margin. Plan ahead cause the way AC is improving it would not surprise me that the location of the store will be rezone and another develpment may take shape. I WIH THNAK YOU FOR SHARING AND LISTENING TO WHAT YOU HAVE SAID MAKES PERFECT SENSE. tKE CARE THNAK YOU AND LOTS
Brian nice update video Luisa nice 👗 Thx for the upload
Lot is so lovely. I really enjoy her channel also. Bangs really suit her. Off topic I know, but hey 🤗
Awe feel for you guys I was hoping you guys would make it.
Good luck with the new store 👍
I said the same thing to my wife about "throat cutting neighbor's" copying your business if you're making money. We had a Physical ukay-ukay store in Tanjay, but the location was bad. The town is also flooded now with ukay-ukay store's; therefore competition is selling at rate where no profit is being made just to get a sale. We decided to stick with our online store to avoid overhead cost and close the brick and mortar one. I was just about to open a gym, but then COVID hit! Thank the lord I hadn't purchased the equipment and or leased or built a location already. I have two Pinoy friend's here who had gym's (one had just opened a month prior) and both lost it all due to COVID. Looking at other possible business models in the meantime.
Like your honesty guys. Covid killed my business but at least it helped you guys.
Dont take it personally, businesses all over the world are hurting , id rather close and be healthy, then rich and sick.
Hey Brian my friend, it's hard these days trying to keep your head above water. Hopefully, things will get better. Just you and lot hang in there. You are both awesome people. Stay safe and healthy and God bless you, lot, Borges, Miguel, and Hannah grace always. And may God bless your awesome pets.😊 😊 😊 ❤️ ❤️ ❤️
She did great job trying to make it work should be proud of herself me friend 🇵🇭
Enjoy life... close the "sorry sorry" store! Been watching your vids for a few years now... and loving them all.
My wife and i have run into that. You have to keep innovating. I have a very good idea that i will be doing within a few months, after i get the equipment to do it.
thanks for the update
Don’t close the store That will crush your wife’s heart bro. She looks like she want to cry. Find a way to keep her love ( the store.) open
You a lucky man. You got a good wife
Maybe a good idea, but bad location. They will find something that interests her.
@@DannyB-cs9vx yea I saw the look on her face in video You right though
Teach her how to make money online and have her sell coffee cups hats shirts it’ll keep her busy and then it should make something and you won’t lose as much!
They don't mine working 19 hour's a day she want have much time for you they are hard worker's it will take you 50 yes. To make money for yr wife it's a status thing. Good luck yet need it bless you .
Brian my friend you have a beautiful wife, cutest daughter, great health, and amazing videos!!! 🎉💯🎉
Corona has taken over a year of our life and time isn't slowing down at all....enjoy the rest of the you have with your family while continuing making great videos. 😉😎😉
The best thing to open right now is apartment then laundry, printing press for like ID or photos need to be scan. Dont forget to include the sari sari store so that all tenants will just buy it from you. They wont move someone else. Im also renting an apartment and its my ideal that i dont want to walk far away to buy foods, print something, laundry. I want to be very close especially cook foods no need for me to cook. Im so lazy :)
essential services for sure are the way to go
Nobody really needs printed documents much these days
Lol yep I did exactly that my girl open a little store building it over 12 months
Her cousin comes home from working over seas see’s her success and builds a bigger store next door to ours
Puts her out of business
Her own family 😂😂
Lmao 😂
It's always more fun in the Philippines 🇵🇭
Wow that's sad, but better things are coming in the near future
TO MUCH COMPOTITION
It's a hard life with a sari sari store
True, if you don’t give them credit due to long lists of the credits that they have,ending they will move to other store and don’t pay you at all😂 oh! Sad!
@@crazydude6259 🤣
@@crazydude6259 the dirty rotten scoundrels!
@@brianbarton777 never go for this business, worse you will see them paying their credit to the new other store and made you boiled in anger..that’s only to gain the trust, later they’ll do the same.. specially if there is crisis and can’t pay you, how many people didn’t pay you out and ending you’ll shutdown your sari sari store☹️or invest more to keep it survive 🤦♀️never go for this sari sari store this is not the right business for you all😊. It’s a loss of money only☺️
@@crazydude6259 do you think a spot in a nice palenke or Mercado is better than a sari sari. We have been thinking of opening a store for my wife's mother but I think it is too much work for sixty year old
Everybody & their brother owns a sari sari store. Close the store,
take the groceries home & eat yourself
LOL🤣🤣🤣
I tell my wife all the time I didnt move to the Philippines to make Money If I wanted to make money I would have stayed in the U.S. She still wants a Sari Sari store CRAZY YO!!
same here, I have filipinos always asking me to invest. I tell them I don't need to invest, besides I am too old for that. I only invest with edward jones and I have an excellent retirement from working in the oil fields in the north slope Alaska. But I do rent out tents, fishing poles, and sea kayaks at our beach cottage. But it's just seasonal, it pays our bills in the PI.
Wonderful vlog! It is tough to operate a small store and then have overhead costs as well to pay. Considering a lot of small stores are closing due to the pandemic, it shows your store is managed well by Lot. 👍
Thank you for sharing 😊
WOW! Closing this sari sari store..ho my God,it's very sad to hear..That pandemic are losing the town whole stoped..
Great news.....thanks for the information. Think I would try Guitar/Piano lessons both on Net and From home. I played guitar for many top stars so that may help, got nothing to lose. Lessons from my new home in Devau or where ever. I admire you guys.
Should we care?
Do you care ?
Lot and Borge need to open little food place and use the trike to go around construction areas during lunch times
Halo halo ooooh yes please.
Sorry to hear store not doing so good. I understand where you are coming from. Same in Nampicuan
Keep up the vlogs. Your the man.
Love you guys! You always state "take care of your pets" I wanted to add something to that from experience. Don't get a pet unless you have at least $500, preferably $2000, available at any point and time to pay for emergency care. The last thing you want to do is fall in love with your pet as if they were part of the family, like most of us do, and then an emergency comes up, and you may have to watch your pet die simply because you can't afford the care. I've had a few instances where this has happened, but was able to scrounge up enough to care for my pet, but just barely. You'll always need that $500 in case of emergency, but regular care can cost a lot as well. At a time when we were barely making ends meet, our 11 yo cat developed diabetes, and it was costing us $120mo for insulin, and needles. He lived to 13, but what a cat! By all means, get a pet, preferably one from the SPCA or other shelter, but be prepared for the emergencies, and future care of that pet.
It's sad to heard that brian but maybe if luisa take a little break something good will came out so dont lose hope
Patent 'Brian and Luts ' Quality, respect with service,
Sorry to hear out closing store.people will miss her for sure,I'm sure she needs break to,yes out of home is better I agree safer too.maybe later you can do one again out God bless you all enjoy your time together.god bless all
Do whatever that makes you happy Lotlot.
This is an interesting episode. It seems that you have achieved a pretty good balance, work and fun, that is hard to do. Aa long as Lot is enjoying the store, why not? But when she gets burned out, life is too short to be miserable, so sure, move on to the next adventure! I have no doubt that you guys will do well, whatever transpires!
I recall Angeles City, 2010, and NOT sleeping🍺❤️🥃. My exit strategy, as it turned out, was The American Legion canteen - Guam🍺 (real characters). Then back to Angeles City ❤️. Cheers from Adelaide, Australia👍
Sari Sari stores are always a SHIT BUSINESS.
one door closes another one will open good luck guys sorry to hear afternoon from warm singapore
My 2 centavos: Quit while you're ahead. Lot works so hard, but things will just get more challenging. Not worth all that stress. She has other interest (her growing channel). Best of luck in whatever she decides to do.
Hoping everything gets better.
I'm sorry to hear that.... Much like the US, stores and restaurant owners live there just to break even and stay in the black. So much competition every where it seems.
Best of luck to you guys, I see you're wise and are a good team, you'll do the right thing and come out on top. 😶
Sari sari for you guys // but ya done the right thing
Love your video blogs guys Keep it up and Godbless !!!
Hope to be doing the same thing once we get to retire 5 more years till my early retirement though!!!
Sorry to hear this.
It looks exhausting... but I love watching your videos
I have been watching your videos for about a year finally subscribed very good content I live in Canada British Columbia I met my fiance about 2 and a half years ago in bacolod and I am waiting to get back there she also has a small store in the front of her house and your right nickels and dimes😁 Your wife is very pretty by the way and you look like a nice couple thanks for the great videos I look forward to more.
Great Video full of Info. Brian what about that little Hollow Block building u have on your property? Could u utilize that as a small Sari Sari ?? Stay Safe and Healthy !!
You know it,s funny, because my partner dreams of a sari sari store.
Years ago she have one in the province, did well with cooked treats. But she wants mini grocery like Lut.
Of course we will do it, she will learn like you guys have, that it's not big income.
She has started vlogging also tho, but only small right now, not much variety because of her situation, but in the future who knows.☺
A nice video Brian it's good you and Lot tell some home truths about running a sari store in the philipines.
Cheers mate, stay safe you and the family. 👍
at least it's easy to open a business in the Philippines. In the US, there are zoning regs and many other regulations/laws plus business license
Thanks Brian and Lot, my wife is an Angelean Filipino. Guess what ? She keeps talking about opening a Sari Sari store somewhere in Angeles when we move there in several years.. I am NOT as excited. So the real world information you have provided is most useful. BTW, I will be returning to Angeles for a month about this time next year. I hope we could meet and shoot a joint video for our channels. I will email you when we get closer to the date.
i helped an ex gf ldr open a store in front of her home.... soon after two other stores opened right close. plus the profit was tiny. "retail sucks" in whatever country
Over the past 30 years, I have owned many retail stores, my max having 10 at same time. Imo 90% of employees will steal, makes no difference if they are friends, a relative or strangers. I stopped hiring family and friends early on. Now retired and relocating to PH in about 5 years, I will never consider opening a retail store of any kind...even in the US, they will "copy", no one is the original.
oh sad...so happy had store and nice girl run it. My girl want store too.
Always start small when you open new buisness. A car dealer told me to buy and sell 1 car at a time until you figure out what you are doing. this is good advice.
Man that sounds like a headache to me,
Good video keep up the good work