New businesses in time of Recession

A new bar/cafe/restaurant is opening up in Los Pocillos, as mentioned here on the Gazette Forum.

First of all - good luck to the people involved. They're to be commended for being brave enough to give it a go. Pub Spy admires their spirit. They've got a chance at least, given the Los Pocillos location, as is mentioned in the above Forum thread.

What i'm sure the new proprietors already know is that the Jameos Playa complex is one of the biggest on the island. And that it caters for all-inclusive holidaymakers - those who have paid in advance to be fed, watered and entertained all within the confines of a single complex.

Leaving aside the merits or otherwise of all-inclusive holidays, it'll be interesting to note how many other new pub/restaurant businesses will start up in Lanzarote in the coming months/years of the current Recession. Conventional wisdom states that with more people unemployed during a Recession, there are more people with free time on their hands and in need of work/money - hence, they start up their own business.

As with any kind of business though, its success depends on how it's run. Here's hoping the new (presumably ex-pat) bar/cafe/restaurant is well run and adds something to the Los Pocillos area.