@mrgoodkat - too much risk in renting to a startup.
@mrgoodkat - too much risk in renting to a startup.
Rents are high, but so is revenue. Not many locations in the world where 50,000 millionaires may pass by your door.
The problem is nothing to do with startups. I work for an 85 year old company and next month we are moving from Canton Road to bloody Lai Chi Kok
it wouldn't call a new restaurant or coffee shop business a start-up, even a small venture needs lots of cash (millions) for commercial rent, paying deposits, fitting out, and equipping the restaurant, stock (booze), opening party, employ and train staff, etc. etc. all up front, for 2500 sqft restaurant, from bare shell takes 3-4 months paying rent, before you can take the first dollar.
Last edited by JAherbert; 11-04-2019 at 03:26 PM.
i don't agree a startup is a startup. All businesses have growing pains, at the start they have no idea how much space they really need, or six months later, so it's pointless to commit 3 year lease with office space for 20 people if your sales can only support 5 people. If you need a meeting place for initial discussion go to a decent hotel.
Having an address on HK island does not help, a quick internet search could reveal that 40 or 50 other companies also have the same address.