John and Lynn

Does anyone know who owns the commercial building which the little shop is in. I heard it was Fedesa, but wasn't sure. Maybe they would do some good rent deals to encourage more places to open up. In the UK they do a short contracts and reduced rent for the first year until you return enough profit to stand on your own two feet. Mind you it stills take some balls to do!

Maybe we could all start CE Services Club and buy shares in it. Use the money to start up a shop or bar/bistro (legally of course with no live music) and use the profits to open another. Imagine the financial backing you could achieve with lots of people getting involved and if it went tits up you wouldnt lose more than a few months community charges? One thing is for sure you wouldn't be short of staff to run the places.

It would need organisers on the ground on CE, but as much as I would like to I still live in shighty blighty! Anyway just a thought!

jamesf

J&L - like it.

Sam Greenfield

Really - I'm quite shocked at that xxxxx

Jon-Bxl

The last I heard was that the bank has taken it over - the owner defaulting. I think I mentioned this somewhere. If this is true then it is great news, as we know banks want to dispose their property assets and is why we see some crazy home prices at the moment.

So if they want to sell say the location above the shop - an excellent situation (we've sneaked in to see it) then the lucky buyer would get a great price too... and a potentially wonderful location size wise and views etc..

I hope its true - and not another in the rumour mill... and (dreaming on), I hope that a Spanish/Portuguese entrepreneur does it and make a great new resto/bar.


Jon

Fredbargate

The normal Spanish thinking is if you are not making enough money / profit you put your prices up.

malcmax2

Just a little information gathered recently:
The Hotel on Costa Esuri is 26% finished and would need around 40 Mil euros to finish. The shopping centre with the large yellow building needs around 3-4 mil to finish. Fadesa would like to talk with potential partners as they have no money now. My impression is they are waiting for an upturn in the World economy.

bxpuser24710519

Anybody mentioned a farmacia for the mossie repellant and after mossie bite cream ? among other things of course.

Or a doctors clinic/dentist/vet ?

Taxi rank ?

Mini bus service to town ?

I could live without a nail bar or beautician but a hairdressers would be good.

Does the shop sell dog food yet ? they did not on all my visits to date. When I asked he said no call for it, I thought it was strange considering the amount dogs around. He sold cat food.

miacat

As the commercial centre on the phase 1 townhouses is the most complete it is perhaps where energy needs to be focused. It would still cost more to kit a unit out than perhaps Jag's villa needed (but I am guessing here and it would be no where near as nice) but if there are deals to done in the purchase or rent of the units this might not be insurmountable and the location is walkable from most of the more fully habited parts of CE. I think mini supermarkets bars and restaurants are all that possibly would survive at the present time as that is what Brits want when they are on holiday, and second home owners are still are one of the major groups on CE - they sometimes don't want to trek too far. The shops would need to be like the amazing Chinese shops - sell everything but also provide fresh food. Perhaps one of these might survive? Don't know of any Chinese shops that do food however but I am just suggesting the model might work but include food. The Chinese shops in Portugal seem to survive in the most out of way locations. They probably get very low rental on their premises so that has to happen first.

alaric

Had anyone thought of forming a cooperative amongst the residents which could encourage and support small businesses until there was a viable heart in the community? A co-op with sufficient members would have the power to negotiate with the landlords and perhaps attract support from the Junta and others.

John and Lynn

Did you mean a financial co-op or a voice to negotiate on behalf of new ventures. I mentioned in a previous post about clubbing together to get a business off the ground (small Tapas Bar maybe) and if successful moving onto another. Obviously the first would be the most difficult to arrange and get going but that could lead to so much more. If successful we could sell them off to local businesses to run, get our monies back and use the profit to open more or just walk away?

I don't know what it would cost, but 25 shareholders at say £500 each is £12,500 (16,000 euros) which would go a long way towards the first place! Maybe some other bigger investors may want to join in? Just think, you would not only have the chance own a bit more of CE but you would also be adding value to CE and your properties!

MikeJ

Until a jealous neighbour complains and has you shut down

alaric

I had in mind something along the lines of the Highland Store you find in the Western Islands of Scotland where the locals form a Co-op along the lines of the old Victorian CWS set up. They rent and stock a foodstore or general store and either take turns in running it or employ someone trustworthy to manage it on a set wage. There is no mark up on any stock, the members can choose what to stock and develop from there so as to attract other trades.

My observation of Esuri is that it does not have a sufficiently large permanent population as yet to support a commercial venture all year round without such a subsidy but that once it is started and the next property boom gets underway, your great, great grandchildren may make a fortune out of such an enterprise!

From what little I have seen of the Highland ventures they tend to wash their faces financially but provide vital services for small remote communities. I do have a friend who is involved with the Harris Trust and will be happy to put you in touch with him if you are interested.

Bon Chance!

Alaric
PS Could you get some pies and haggis in for me when you get started please?

PPS Of course if Rajoy manages to grt Gibraltar back then you could be on to a winner sooner than you think.

Fredbargate

Would you like to explain that statement?

But if your venture into commerce is dependent on Spain acquiring Gib then you are either on a total looser or expect to live a good few hundred years.

mrtrumper

SNIP

I like the idea of a collective and the benefits to the development are obvious. I just wonder how practical it would be though to actually run with lots of different opinions. Having said that it must work in some places as aleric has pointed out. Its one of those really nice ideas that you just want to work.

Bennie

Personally I think a ferreteria store or the like would go down a bomb here on Esuri! Anyone else feel the same?

Sam