Kyiv entrepreneurs devalue assets: venues and shops exit market due to downturn

Kyiv entrepreneurs devalue assets: venues and shops exit market due to downturn
Kyiv entrepreneurs devalue assets: venues and shops exit market due to downturn

Market pressure forces entrepreneurs to exit business

The market situation in Kyiv is characterised by the mass listing of ready-made business structures for sale. Cafes, restaurants and retail outlets are appearing in advertisements with significant discounts. Owners cite sustained demand decline and a shortage of staff as the main reasons for this step.

Prices lower than investment value

Owners are listing assets at prices that do not cover the initial costs of their creation. For example, a small cafe of 50 square metres is offered for sale for $22,000. Meanwhile, twice that amount was invested in opening and equipping the venue.

Comments

No comments yet. Be the first!

Leave a comment

Links are not allowed in comments. The editors may remove comments without explanation.
Back to top ↑