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  • #40646
    mr_ricky
        • Topics: 19
        • Replies: 66
        • Total: 85
        • BIC Old Hand
        • ★★★★
        Member since: 12th July 2012

        Kalimera
        Just wanted to introduce ourselves and say how good it is to be part of this forum, learning so much about Crete from it. I’ve been there myself 5 times now and am going back for the second time this year in september. Hopefully looking to buy a small business in the next six months a taverna/cafe hopefully in Malia old town. Don’t want to be idle Brits abroad, want to immerse ourselves in the culture and be part of it. We realise it is a huge step to take but with the right attitude and common sense don’t see any reason why we shouldn’t !!
        Kindest regards
        Ricky and Cath :)

        Compare hotel prices and find the best deal - HotelsCombined.com
        BullionVault

        #41063
        latsida
        Participant
            • Topics: 165
            • Replies: 2407
            • Total: 2572
            • Practcally Cretan
            • ★★★★★★
            Member since: 17th October 2006

            Hi there,
            there are a couple of members of this forum who used to have a bar in Malia old town , I am sure they will give you some good advice.

            good luck with your plans

            #41364
            Topdriller
                • Topics: 76
                • Replies: 1435
                • Total: 1511
                • Practcally Cretan
                • ★★★★★★
                Member since: 3rd March 2007

                4D4E4C515D555B4A3E0 wrote: Don’t want to be idle Brits abroad

                Made me smile; I don’t think I’ve worked as hard since starting this early  retirement lark we embarked upon 5+ years ago.  Back in the UK I did a few sales calls, some paperwork, marketing stuff and generally sat about my desk for 8 hours a day. 

                Since moving here I’ve had an acre of hillside rock and scrub to turn into a garden.  (The nearest I got to gardening in the UK was listening to Gardening Hour on Radio 4, if driving in the car!).  What’s more, the summer temperatures mean you garden in sauna like conditions.

                And then there’s the annual post winter sand, paint, varnish, Ronseal anything made from wood.  Oh yes, and grind, undercoat, paint all the iron railings (I’m sure I told the builder we wanted aluminium!).  Then there’s all those Chinese bought bargains you thought were  good value but then broke after ten minutes.  You need to fix them too.

                Then there’s the biggie, the paying of bills, the queues in every Government run building, the queues in banks, the queues in supermarkets because one cashier is more than enough to handle ten Greek mamma’s with a trolley full of groceries  What’s more, there’s the cashier’s mandatory chat with each and every one of them because they all know each other and want to find out how little Giolanta is, why Manolis was being chased by the police etc…

                So, and to get to the point, don’t buy a property here with a big garden if you want to run a business because there’s no way you could do both and sleep too.

                Having said all that, I wouldn’t change it for the world.  So, good luck with the business and the seven day, 15 hours per day summer season weeks.

                Jon

                #41593
                moggy1923
                    • Topics: 89
                    • Replies: 466
                    • Total: 555
                    • Practcally Cretan
                    • ★★★★★★
                    Member since: 29th April 2007

                    Ricky & Cath

                    Welcome to the forum.

                    Good luck with your business venture. If you are going to acquire a taverna/cafe, please remember you will normally only get business for half the year at the most.

                    It is unusual to get a business with the Freehold, normally you buy a business and pay rent for 12 months of the year, although it might be closed for half of the year. You pay for all the various licences & any updating of the premises. If you dont have a Greek Accountant, then you will need one – that is a definite YES, must.
                    When doing your sums check how many Licences you will need and how much they cost.

                    I would suggest you try and get your accommodation close to your cafe/taverna. It is long hours and you will appreciate being close to being able to go for 40 winks, whenever there is quiet spell in the business one of you can go home, but be close on hand when needed.

                    September is usually a good month for holidays. Be a good idea to pop over sometime in the winter to get a feel of how different it is then.

                    All good wishes
                    ta leme

                    #41762
                    Del Boy
                        • Topics: 28
                        • Replies: 286
                        • Total: 314
                        • Practcally Cretan
                        • ★★★★★★
                        Member since: 24th August 2007

                        Wish you all the best Ricky, BUT don’t dive in head first, many have tried and many have failed, you still have to pay rent on your bar in the closed season.
                        I know one English couple that have a bar, they seem to be doing OK, but I have never seen it full.
                        Malia might be a better place as all the young Brit lads go there for a cup of tea and tart

                        #41892
                        mr_ricky
                            • Topics: 19
                            • Replies: 66
                            • Total: 85
                            • BIC Old Hand
                            • ★★★★
                            Member since: 12th July 2012

                            Okay
                            Let me get this straight, we are not looking for a summer camp!
                            I am well aware of the bureaucracy involved, the long hours are nothing. I would rather work long hours doing something I love than work 7 day 12 hour shifts in some factory here, thats if you could get a job here which thanks to the UKs lax immigration laws you can’t. I know it’s not going to be freehold. We are not just looking at Malia, and certainly not a ‘kiddies’ bar. We are both middle aged, never thought it would catch up that quickly >:( , no mortgage and no real ties here. The idea which we have been talking about is to sell up (we have a very nice house in a desirable area) and rent somewhere in a central location for three months to explore the Island. I understand the complications I also understand the implications of selling up and renting somewhere here before we invested in Crete i.e cost of flights, taxis, boarding kennel, accomodation etc. So to us it kind of makes sense financially to move there rent a car on long term so we don’t have the above hassle.
                            I do of couse appreciate all the advice that anyone can offer.
                            Kindest regards from rainy Bury
                            Ricky & Cath
                            :)

                            #41990
                            crete4ever
                                • Topics: 10
                                • Replies: 112
                                • Total: 122
                                • BIC Full Member
                                • ★★★★★
                                Member since: 20th September 2010

                                Rent for only 3 months, sorry,  try for 12 or 15 then you will see the real Crete.

                                Winter and Sumer…totally different.

                                Good luck anyway.

                                #42149
                                moggy1923
                                    • Topics: 89
                                    • Replies: 466
                                    • Total: 555
                                    • Practcally Cretan
                                    • ★★★★★★
                                    Member since: 29th April 2007

                                    5350524F434B4554200 wrote: Okay
                                    Let me get this straight, we are not looking for a summer camp!
                                    We are both middle aged, never thought it would catch up that quickly  >:( , no mortgage and no real ties here.
                                    rent somewhere in a central location for three months to explore the Island.

                                    we invested in Crete i.e cost of flights, taxis, boarding kennel, accomodation etc.
                                    So to us it kind of makes sense financially to move there rent a car on long term .
                                    Ricky & Cath

                                    On the basis of you going to Crete for 3 months, think about taking a car with you. Many UK insurance companies will give 3 months cover for Europe within the 12 month insurance. Know there is one that will give it for 12 months, but presume it to be very expensive – no idea.

                                    This will mean you can take more luggage than the 15 to max 30 you can take by flight, that being a combination of suitcase & hand luggage, that seems to vary in total between the various airlines. Not sure if you mean to take your dog(s) with you or leave in a kennel in UK.
                                    You are allowed to keep your UK car in Greece for 6 months providing you have the relevant insurance, paid UK road tax & MOT (make sure you have a long MOT, close to 12 months, as sometimes plans change). I believe most European countries you are allowed to keep it for 6 months, so you don’t have to count your travelling time between Greece & UK for part of the 6 months.

                                    There are other threads on here about various routes, places to stay/eat, & points of interest if you have the time to stop and sight-see – be a shame on route not to stop at the odd place to sight see.

                                    Shopping on route both directions can be worthwhile, as prices do vary from country to country, eg we go to one of those Large Giant Supermarkets in France (not near UK) have lunch there as good canteen, check out the whole place walk quickly – then make our list after discussing what we can fit in the car.

                                    All the above said, much would depend on whether you have a car now, if not, then the other option to rent one on Crete long term, you would probably get a good rate.
                                    In that regard, many of the companies that rent cars in the summer, take them off the road, so as not to pay the insurance for the winter, so if you start the negotiation in the summer months, that company will know to keep a car for you insured in the winter. There are companies that still have cars in the winter but not as many.

                                    Good Luck to you both

                                    #42217
                                    latsida
                                    Participant
                                        • Topics: 165
                                        • Replies: 2407
                                        • Total: 2572
                                        • Practcally Cretan
                                        • ★★★★★★
                                        Member since: 17th October 2006

                                        I have a friend here who rents a car just when needed, it could be just for a day or longer.
                                        works out cheaper than renting full time

                                        #42275
                                        mr_ricky
                                            • Topics: 19
                                            • Replies: 66
                                            • Total: 85
                                            • BIC Old Hand
                                            • ★★★★
                                            Member since: 12th July 2012

                                            Myself and Cath
                                            Would just like to say ‘BIG’ thank you to everyone for making us feel welcome here, and for all the advice on both the good and bad aspects about our plans. It hasn’t put us off one iota, in fact if anything it’s made us more determined to make it happen. And for the friends we have already made it means a lot to us. Looking forward to being back in Crete in September, will be great to celebrate my birthday there !
                                            Thanks again
                                            Ricky & Cath
                                            ;D ;D ;D

                                            #42326
                                            brian c
                                            Participant
                                                • Topics: 46
                                                • Replies: 240
                                                • Total: 286
                                                • Practcally Cretan
                                                • ★★★★★★
                                                Member since: 23rd March 2006

                                                welcome to the forum Ricky and Cath
                                                you are braver people than I to even consider taking on a bar in the current climate, but as they say if you dont try you will never succeed …or is that suck seed ? :)

                                                good luck to you

                                                Brian

                                                #42369
                                                crete boy
                                                    • Topics: 1
                                                    • Replies: 3
                                                    • Total: 4
                                                    • BIC 2.0 Newbie
                                                    Member since: 30th May 2011

                                                    Hi ricky , just read your post and i have a property in crete, 6 years now. I live in bury , whitefield. if you need any help info regarding crete email me mathersimons@hotmail.com simon ,.

                                                    #42406
                                                    crete boy
                                                        • Topics: 1
                                                        • Replies: 3
                                                        • Total: 4
                                                        • BIC 2.0 Newbie
                                                        Member since: 30th May 2011

                                                        .

                                                        #42441
                                                        YoMo2
                                                            • Topics: 37
                                                            • Replies: 574
                                                            • Total: 611
                                                            • Practcally Cretan
                                                            • ★★★★★★
                                                            Member since: 24th March 2011

                                                            Hi Ricky & Cath

                                                            Just to add my tuppence worth, and sorry if it’s obvious, but if, or should that be when, Greece goes back to the drachma, you will get a lot more for your money after the devaluation. So don’t rush into paying out lump sums for stock or goodwill till you know what is happening on that front.

                                                            I personally believe that Greece will go back to the drachma. Don’t forget that also means if you invest lots of capital in Greece, you will only see half, (or whatever), the value when you come to sell up and go back.

                                                            Anyway, lots of luck whatever you do.

                                                            Andrew

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