News /
Will Poland be badly hit by Recession ? I don't think so. [70]
at just over 40% net
Yes,when I was in that business here,it was almost 30/35% net depending what you serve most,and mine was a sports bar with limited menu.
Poles have gone bonkers in Warsaw at least asking 20 to 30 K per sq m with returns not more then 7/8% and bank charges over 10%,I wonder how many cash buyers are there in Poland.lol just cpl weeks before an agent tried to sell me a property for 27k a sq m lol and would get me a license for alcohol and restaurant by developer lol I asked her I will buy it if she gets me a permit to sell narcotics ,the only way my tenant could pay me in rent for my 8% return least.There hope is that Ukrainians will buy it at those prices(a big hope poles have now)
Zabka a chain of convenience stores
Zabka franchise is cheap so lots of Ukrainians are buying the franchise and making 8 to 20K pm,just like 7/11 franchise here.I had one just a fuc.king high priced managers job.
rents are crazy if a realtor is involved. Private commercial rentals are realistic
Yup,I have 5 restaurants as tenants and no one complains,even during covid,initially I gave them a break but then I started checking there water bills and the usage was same as before or more,buggers were making more money by delivering and charging extra for bags etc and saving on the waiting staff,lol when confronted all sheepishly paid up.But Krakow maybe different as it depends on tourists while Warsaw depends on office workers.