Subject: Tumbleweeds blowing down Lockhart road
Drildick
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Post at 25-3-2020 14:34  Profile P.M. 
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Tumbleweeds blowing down Lockhart road

Virus outbreak is slowly turning Wanchai into a ghost town.

Neptune's 3 has been closed for over a month now, and I heard HK Cafee is already bankrupt too. Rents are too high for the meager profits. Let's hope some landlords will wave the rent.

Most bars are empty on weekdays. On Sunday afternoons only half the men and half the helpers there. Many helpers not allowed out.

[ Last edited by  Drildick at 25-3-2020 14:41 ]




by Drildick, a 50y old Central European
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twiceAweek
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Post at 14-4-2020 18:58  Profile P.M. 
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Reply #1 Drildick's post

I've always wondered about this saying about meager profits … I always thought selling drinks in HK is about 3X more profitable then food so these popular bars must be profitable, so it's either the owners have taken money out or after 9 months of social unrest and this virus (or both) that they dont want to carry on
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dienw
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Post at 3-5-2020 19:37  Profile P.M. 
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If a bar is successful, the landlord just increases rent or takes a share of profits.
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