hi all, my wife and i are thinking of moving to altinkum, turkey and rent a bar for the season and look for work over the winter any suggestions or any of the pitfalls would be a great help.
Thanks
hendo
1. you have to do a proper viabillity study.
2. everybody will try to stiff you on the rents.
3. everybody will tell you you will be full every night or day.
4. when you ask why there selling its never because they are not making money, which is the case in most places for sale.
5. if you do get a place make sure you have a ceiling on rent rises because if it works the landlord will want to double the rent every year till he's bled you dry( then he'll find someone else to do the same).
6. every one will tell you the seasons 7 months long its not-more like 4 in real terms
So as an example the "starbucks" style place I looked at the rent per year would have been 60,000 dollar the wages 60,000 dolars annually and the start up cost around 80,000 doollars. allowing for refurbishment in 7 years and taxes and all the other little bits a peices I costed the break even point on this at selling 225 cups of coffee a day thats for working 360 days a year min 14 hours. And further as a Brit you will never be on a level playing feild your local Turkish rivals will not be paying much tax and at the same time reporting you to the Maliye/zabita the same thing goes for health inspections et al.
However If you considder your self a hard negotiator and not gullible and you can find the right place at the right rent yes there is a good income to be made out there and in fact enough for you not to work in the winter if you are good at it.
All I can say is research,research, research and best of luck with it and please come back to the forum later and let everyone know how things go.
Just like to point out that if you don't make enough in the summer to carry through for the rest of the year you are going to be stumped trying to find work.
You will be competing against every Turk who works in the tourist/leisure industry cos they are in the same boat.
One thing is for certain.... be very,very,very wary of going into business with a Turk. the disasters i have witnessed are unbelievable.
I don't wish to slag off the locals but their attitude changes when money is involved.
best way to appreciate living here is have a seperate income eg pension, investments etc and not to depend on working for a living.
thanks for all the info you have all given me, when we get over there we would like to set up om the internet, is it easy to get on the net and how much does it cost?
If you go broadband (ADSL) its 49 YTl a month and isnt hard to set up providing you have the broadband in your area, here in Antalya I applied and it took two days to get it done, they (turk telecom) where helpful with the forms and efficient - a big and welcome surprise for me you need the phone connected first obviously which may take a week but it used to be months 15 years ago so things arent so bad now. You will need passport/residency permit when you go to get the connections.
The privatisation of TT should help get the service even better. The paperwork and queues can be time consuming...reminds me of old BT !! It does seem that the world and his wife have or are moving to Altinkum. Soon it will be a city like Izmir.
Bryn, Chelsea Boy and Mibut
You guys are obviously living out there in Turkey, so I also have a question for you.
Just how difficult is it to get a resident permit, and work permit???
My wife and I are also thinking of moving to Turkey in a couple of years. I had a thought about Real Estate, and I had a reply on one of the posts about it. It seems fraught with "loopholes"
However we do love Turkey and we have found that as much research on this site as possible seems to work!!!
Any constructive critisism would be appreciated
Thanks
Geoff and Olya
Best of luck to you both and keep everybody posted on here in the future to help those who follow you.
As this is somthing that you are doing in a couple of years, do not worry to much about what is needed now.
The laws will probably change to make things a lot easier for foreigners to move and set up businesses.
Thanks for that.
Reference the Turkish language: Yes, this is something that I am now doing, I have quite a good "Learn Basic Turkish" language course on cassette and the book that goes with it is also quite good.
It is giving me the basics, and hopefully I will progress from there.
slowly, slowly catchee the monkey!!!!
Geoff and Olya
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