/biz/ - Business & Finance

[Anonymous No.57154447]

Is $100k USD enough money to move to Eastern Europe and run a small bar?

[Anonymous No.57154456]

>>57154447
No amount of money is worth living in an Eastern European shithole

[Anonymous No.57154459]

>>57154456
t. shitskin

[Anonymous No.57154466]

>>57154456

Better than living in New New Delhi also known as Australia

[Anonymous No.57154513]

>>57154456
Agreed. It's terrible. Ugly women. Food is shit. Everyone is always grumpy and angry. Weather is always grey. DO NOT COME. Avoid at all costs. Especially if any shade of brown/black/yellow.

>>57154459
>>57154466
Morons.

[Anonymous No.57155219]

>>57154447
Yeah but what happens if you fail?

[Anonymous No.57155255]

>>57154456
>>57154513
sounds like fud but i've never been there long term. what's it like give some details

i already made my bed in latam so im not going to relocate anytime soon

[Anonymous No.57155267]

>>57155255
if you're brown stay there, if you're white go to eastern europe

[Anonymous No.57155279]

>>57155267
My grandpa was polish and I have his taste in women, are they worth it and will they treat me like a king if I have 200k

[Anonymous No.57155312]

>>57154447
Bump for interest. I have the same sum and I wonder if I should leave my shithole

[Anonymous No.57155395]

>>57155255

What are you doing in Latam? It appears the Globohomo scam is a two way street. Thirdies are flooding the west and the only way I can make it or get ahead appears to be something entrepreneural somewhere with low government interference. Was thinking either a bar in east euro or a hostel in Latam.

[Anonymous No.57155456]

>>57154456
I agree, please stay away :)

[Anonymous No.57155465]

>>57155279
>if I have 200k

[Anonymous No.57155518]

>>57155465
more than you have kurwa

[Anonymous No.57155566]

>>57154447
Probably? If you know what you're doing and can make a genuinly exciting, attractive bar. Rent is fairly cheap still. Import taxes are high though, so will want local sources of product.
Estonia, which you have posted a picture of, has only annoying-grind levels of bureaucracy, as opposed to dribbling insane levels found in most countries.
What is your business plan?
What kind of Property --> write out cost.
Decorating and equipment --> write out costs.
QUALITY Staff hiring plan --> expected costs.
Getting a visa plan.

[Anonymous No.57155575]

>>57155518
Honestly true LOL but I wasn't pointing out your sum of cash, but rather that they'd only associate with you to parasitize off your wealth.

[Anonymous No.57155599]

>>57154447
have you ever ran a bar before or is this just the dreaming imagination of a gaylord? often when people receive large sums of money such as an inheritance, they decide to set up a business, more often than not these businesses run out of money in the first few years.

[Anonymous No.57155631]

>>57155279
>My grandpa was polish
That means jackshit if you don’t look Polish, don’t speak Polish and aren’t familiar with the culture. Dumb mutt.

[Anonymous No.57155637]

haha eastern Europe where nobody wants to live

[Anonymous No.57155638]

Ukrainian here, who in his sane mind would go to live in our climate? Yes you definitely can start a business with 100k somewhere in Poland or Hungary (Budapest is maybe one of the most beautiful cities in Eastern Europe) but half of the year is cold af especially if you are somewhere from Florida. Socialistic shitty buildings which we have plenty of are especially depressing during winter.
Try Greece instead, it is also cheap but has Mediterranean climate and richest cultural heritage possible. The only good thing in eastern Europe compared to southern Europe is lesser amount of shitskins.

[Anonymous No.57155668]

>>57155638
>amount of shitskins.
because nobody wants to live there

[Anonymous No.57155683]

>>57155575
>I wasn't pointing out your sum of cash, but rather that they'd only associate with you to parasitize off your wealth
So basically like every woman, in all places, throughout all time?

[Anonymous No.57155698]

>>57154447
Eastern Europe is pretty much as expensive as Western Europe nowadays.
You get shittier infrastructure in exchange for being 10 years behind on the tranny bullshit.
If you have no qualifications and need to wage/get gibs, you'll also be way poorer. Not the case with you but that outlines the differences between WEU and EEU.
$100k will get you nowhere, imo.
That being said, Estonia (which I believe you pictured) is pretty cool

[Anonymous No.57155731]

>>57155683
Throughout most time, they were considered your property, so it's really only relevant to now. I've still met a few who don't care about money particularly the way a gold digger does, only to the extent it'd keep their future hypothetical family comfortable and such.

But keep in mind, these are few and far between... not only in their relative ambivalence to wealth, but also in just the mere thought of having a family to begin with. Fucking grim.

[Anonymous No.57156428]

>>57154447
Not in a capital city. Maybe in some rural town yes

[Anonymous No.57157205]

It's been a while since I talked to bar owners I know, but apparently the average life expectancy of a bar in Riga is 2 years. That naturally means that there are some that exist for many years while others don't even get to a year mark.
One long-living bar/cafe I know survives because of several things. First - it's a place for subculture geeks (comics, anime, kpop, tabletop games, etc), so they get a lot of repeat customers, especially school and university aged kids. They don't drink alcohol, but they hang out often and bring friends. Second - the place is in a somewhat cheaper part of the city, some ways away from the expensive old town, so rent is cheaper.
In contrast I've seen a Norwegian guy move here and open a bar right smack in the center of the city next to a major transport hub. Closed within two years. There was also a story about some Russian guy trying to run a bar in the old town - also closed within a year because he was a moron and didn't know how to do it properly, nor how to navigate local bureaucracy.

In general there has been a trend for bars to close in previously busy city center and move to suburbs. I've been to interesting whisky pubs and beer enthusiast places that require one to drive or take public transport to different parts of the city.

[Anonymous No.57157311]

>>57155279
>my grandpa was polish

[Anonymous No.57157326]

>>57154447
No, but 200k will be enough in non-EU Eastern Europe. EU EE is just EU, with EU prices.

[Anonymous No.57157755]

>>57154447
Move to Talinn, avoid Poland at all cost.

[Anonymous No.57157943]

>>57157326
this
>>57157755
>>57155698
Tallinn sucks big time

[Anonymous No.57158067]

>>57154447
Yeah Europe definitely not worth it. Just racist women who treat you like an absolutely trash and no one wants to be you friend there. It was loneliest time of my life. I had high hopes about my european life with white woman but in reality I didnt fit in.

Now in Australia and the vibes are totally different and I have never been happier.

[Anonymous No.57158335]

>>57154447
100k$ is literally nothing now in East, you are 25 years too late

[Anonymous No.57158397]

>>57154447
>$100k
100k is still nothing just like it is in america

[Anonymous No.57158402]

>>57158067
N

[Anonymous No.57158885]

>>57154447
It's enough to run a bar in Africa, not in eastern europe (unless it's a war zone in Ukraine).
The West in general has lost its standard of living, we aren't 10 times richer than them like in the early 90s.

[Anonymous No.57158995]

>>57154447
Idk, sounds like enough. Though, your returns might be small.

[Anonymous No.57159858]

You can ask this from r/eesti
There's some American couple who moved from NYC to Tallinn and opened a bar.

As an Estonian who has owned a bar previously - you can absolutely do it with 100K but I don't think it will be worth it here. Depending on the size your daily average revenue will be like 500-1000€ max.
In some islands in the Med, if the location is good, during summer season, you can do like 50-60K per night.

[Anonymous No.57160589]

>>57154447
Yes. But there is bar,pub almost on every street so it is very saturated market already.

[Anonymous No.57161098]

OP, you'd be facing at least two problems that you're probably not thinking about:
1) you would need to get a work permit in that country, whichever one you pick, and they don't just hand them out to anyone who shows up, and
2) you would probably have to deal with organized crime demanding a cut of your profits and maybe forcing you to buy supplies through them.

A friend of mine had a bar in Taipei, and had to deal with the local criminal gangs. Payoffs weren't something he could just wave his "I'm a foreigner, I don't understand what you're talking about!" card at.

[Anonymous No.57161216]

>>57154447
Yes, you probably can.
But it takes a certain personality to to live here. Weather (for most of the year) is shit af and locals are usually rather cold towards strangers. Also, Estonia is expensive.

t. estonian

[Anonymous No.57162637]

>>57154456
i was born in Paris, France and i live in eastern europe now (won't say the country, fuck off we are full)

Best decision in my life

[Anonymous No.57163988]

>>57154447
Holy shit dude get in touch with reality. I live in Poland, we are the #21 GDP country in the world. Prices here are becoming scandinavic. Your $100k isn't even going to cover basic amenities unless you want to make some shithole bar on the side of the road where no one visits besides alcoholics. To start any meaningful franchise you need at least $250k for starters, also remember that the competition is fierce in big cities. There is also uprise in mafia making you pay for (((protection))). To give you any clue about the state of affairs there I worked in Warsaw in one of the restaurants in one of the shopping malls. My boss paid about $45k every month for rent alone and it was 5 years ago. $100k was great money 15 years ago. Now you are literal nobody with that. BUT I don't want to discourage completely, if you get some loans you could make it work, but get a good lawyer and a translator because this market is not easy AT ALL. But if you have a great idea and execute it well you will earn good money.