“One man’s garbage is another man’s treasure.”
Jeremiah introduces the guest of the show, Parviziy Yukhamadkulov . Jeremiah talks his history with Parviziy through a vacant coffee shop. Parviziy talks about how he came in possession of the vacant coffee shop and how it was first starting up the business. Jeremiah talks the story of starting up his own business before the conversation steers towards the impact of the pandemic on small brick-and-mortars.
Parviziy lists the other locations of his business. They go back and forth about the impact the pandemic has had on small businesses, sharing stories and trading opinions on policies (or a lack thereof) in place that led to the rise and downfall of some local shops.
Parviziy gives an timeline of his entrepreneurial journey from his start at seventeen to where he is now. Jeremiah shares the initial grind it took to start and maintain several businesses of his own, letting go of a few along the way and finding his footing with his current restaurant. They talk about the nature of coffee shops in New York City and how the hold of franchises are weakening. They also discuss the relationships businesses have with their landlords.
The two talk about the real estate situation with small businesses as well as trade questions about the pandemic and how it will affect the future. Parviziy drops the locations of Poetica Coffee and shares some contact information for listeners.
00:00:43.590 --> 00:00:53.160 The Entrepreneurial Web Radio: Yo, yo, yo, what's up, party people in the house. Happy Friday. You're listening to the entrepreneur web. I'm your host, Jeremiah, Fox. Before I introduce my guest. We're live. Today we're
00:00:53.760 --> 00:01:05.250 The Entrepreneurial Web Radio: Getting back to some normalcy, the message of the week, and it is one man's garbage is another man's treasure today only talking with my friend here parviz he just opened a coffee shop across the street.
00:01:05.790 --> 00:01:16.410 The Entrepreneurial Web Radio: from Delaware. We're sitting right now my restaurant in Brooklyn. He's got other businesses and he's really on the prowl and in touch with the commercial scene in New York City, these days.
00:01:16.860 --> 00:01:21.570 The Entrepreneurial Web Radio: Lots of people have vacated. Hence that quote for today, you know,
00:01:21.930 --> 00:01:30.720 The Entrepreneurial Web Radio: People are looking at their business like garbage right now. They're like, I can't do this. This is not worth it. They're, they're taken off. But there's a lot of hungry young entrepreneurs who are looking at that saying
00:01:31.080 --> 00:01:37.170 The Entrepreneurial Web Radio: That is going to be my future treasure. So with that, welcome are obese last name will come with cool
00:01:37.740 --> 00:01:53.070 The Entrepreneurial Web Radio: Yeah, that when he said he's got along domain to he doesn't want to share that. So what's happening, how you doing today I'm doing alright cool. Good, good purpose was here for dinner last night. Little inviting but uh yeah we got our we've got our covering got our Pellegrino and our coffee.
00:01:54.480 --> 00:02:03.000 The Entrepreneurial Web Radio: And and trying to get back on the good foot. Again, this is exciting because we're actually as is only my second time since March.
00:02:03.870 --> 00:02:14.940 The Entrepreneurial Web Radio: Six that I've had a live guest. The rest of the time it's been zoom calls you know and and remote and people from all over. I mean, I've had people from Canada, people from California.
00:02:16.170 --> 00:02:20.970 The Entrepreneurial Web Radio: North Dakota all over the place. So it feels good to be to be live. This is how we started.
00:02:21.660 --> 00:02:34.590 The Entrepreneurial Web Radio: A year ago and we started the show. Always recorded live in studio in Manhattan and my guests would sit across the table from me. This is a little more accountability that way. I think it's kind of nice. And then hopefully we have less of the like sound delay.
00:02:35.700 --> 00:02:45.540 The Entrepreneurial Web Radio: That that you get from to zoom calls one maybe and we'll see. I might receive a couple deliveries. While we're doing the show to it's it's Friday able to bring it in.
00:02:46.320 --> 00:02:59.670 The Entrepreneurial Web Radio: So I'm RBC are actually he he took over a coffee shop that that I want owned I opened it up in 2015 prior to that it was apartments.
00:03:00.300 --> 00:03:10.800 The Entrepreneurial Web Radio: Nice. You know that, no. Yeah, they were apartments for for the longest time I just had these two little skinny windows. Well, and we were building this out and I you know the full build out here full God
00:03:11.070 --> 00:03:17.970 The Entrepreneurial Web Radio: And I'm just sitting in the in the front door. One day waiting for God to show up and I see these this crew come up and just cut like a huge storefront window out
00:03:18.420 --> 00:03:25.530 The Entrepreneurial Web Radio: And I'm like, What's going on over there and I knew the guy doing the work. So I walked over and I'll just like what's happened. And he's like, we're going to open these up, they're going to be commercial great
00:03:26.010 --> 00:03:39.420 The Entrepreneurial Web Radio: And so we ended up signing the lease there. We actually had both of the spots. We have a spot next door to the nail salon. Yeah, it was a that was a beer and cheese shop. And then we had a coffee shop in New York City. You guys can hear the sirens.
00:03:41.100 --> 00:03:54.780 The Entrepreneurial Web Radio: It is actually it's it's 911 too. So there's a there's a fire house right up the street and they just got done with their ceremonies and, you know, taking a moment to to honor those who will be lost that day but on
00:03:55.920 --> 00:04:02.520 The Entrepreneurial Web Radio: Yeah, so we opened that coffee shop up five years ago and sold it to Matthew, the guy who owns
00:04:02.940 --> 00:04:13.410 The Entrepreneurial Web Radio: Prior to you in 2017 just too many things going on. Delta was definitely the big focus and it was just, you know, how, you know, you know, you know, the live. You know what goes on there.
00:04:13.920 --> 00:04:23.940 The Entrepreneurial Web Radio: So we sold it to him. And then he just like vacated just left. Maybe, I don't know, maybe like three weeks before you you opened up or took over. It was pretty quick.
00:04:24.360 --> 00:04:30.240 The Entrepreneurial Web Radio: And he you know the guy just came over to me and said, if there's anything you want. From there, grab it. I'm out of here. And he just let people have to city.
00:04:30.690 --> 00:04:40.050 The Entrepreneurial Web Radio: And he's left the city to yeah yeah well took off used to live right up the street and he totally left and then tell tell us, like so. The. It's called a
00:04:40.710 --> 00:04:50.640 The Entrepreneurial Web Radio: Political coffee right and you have another location and Carroll Gardens. Yeah. Christmas trees. So what was, what was the timeline like for you. I want people to like really understand like
00:04:51.000 --> 00:04:56.820 The Entrepreneurial Web Radio: For somebody like you who's like looking for places. How did, how did you, was there a broker that you
00:04:57.120 --> 00:05:08.820 The Entrepreneurial Web Radio: That you use to find the space or were you just hunting on your own. I was I was biking one that live right across the street. So, so I was biking. I saw a sign. I knew the place was closed during the pandemic. When I would sneak out or when I supposed to
00:05:11.610 --> 00:05:19.500 The Entrepreneurial Web Radio: See the sun. And then one day I was biking. I saw the sign or Sunday I called him, it picked up. I think the
00:05:20.490 --> 00:05:29.610 The Entrepreneurial Web Radio: The owner also owns them local companies. So it was like one big company and they're like a building owner. Yeah. Yeah. And then
00:05:30.300 --> 00:05:35.430 The Entrepreneurial Web Radio: She was like, do you want, do you want to come see him like I know the place. So you just called here, are you called the
00:05:36.060 --> 00:05:53.790 The Entrepreneurial Web Radio: Hope of a broker. Yeah. Yeah. And then they gave me the prices and I made an offer. And then I emailed my stuff. I think in two days. I had the keys. Yeah, it was pretty good. So did you have to buy it. You didn't have to buy anything that was within it was just literally a flip. Yeah.
00:05:55.770 --> 00:06:09.210 The Entrepreneurial Web Radio: And I know because I put him in there were there were a bunch of to 20 lines. There are a lot lions, like everything you need. You just had to come in and like you know wide open in 10 days. Yeah, I think this was the fastest fascinating.
00:06:10.860 --> 00:06:18.570 The Entrepreneurial Web Radio: And that's really the point is, like, there's, you know, there's been a lot of suffering through this whole thing, both, you know,
00:06:19.110 --> 00:06:30.270 The Entrepreneurial Web Radio: People have lost their lives people lost their livelihood, people have lost their businesses. Um, but the world is always in that kind of flux. You know, like you've got a baby on the way you'll watch The Lion King.
00:06:32.130 --> 00:06:39.120 The Entrepreneurial Web Radio: Circle of Life, um, where, like, you know, one plant dies and it becomes fertilizer for for the next
00:06:39.780 --> 00:06:47.580 The Entrepreneurial Web Radio: Plant and and that's and that's kind of what's happening here and it's it's definitely an opportunity to open superfast were like
00:06:48.030 --> 00:06:53.310 The Entrepreneurial Web Radio: Here to do a full gut here. This was an insurance and real estate office previously.
00:06:53.700 --> 00:06:59.130 The Entrepreneurial Web Radio: And you know the guy taken everything out there weren't even toilets in here. They were just like holes in the floor.
00:06:59.340 --> 00:07:05.370 The Entrepreneurial Web Radio: So we did a full got renovation took the electrical and plumbing back to the street. And then they rebuilt because there's so many leagues and stuff.
00:07:05.730 --> 00:07:18.000 The Entrepreneurial Web Radio: And that's a took over a year, you know, and we learned a lot. We were the contractors to weaken the contract for this part and then we will watch you know i like i said i saw them just they kind of just white box those places over there. There was nothing in there.
00:07:18.750 --> 00:07:31.500 The Entrepreneurial Web Radio: And I think we got open in three months there, you know, and it's like if I had to do it again. I think I could do it faster. And you know, that's really the name of the game because when you sign these leases, you get
00:07:31.890 --> 00:07:38.400 The Entrepreneurial Web Radio: You get a certain amount of time to build your place out and if you, those of you who aren't aware you get, you know, commercial lease, you get to
00:07:39.000 --> 00:07:49.110 The Entrepreneurial Web Radio: You get some time to get your stuff together and usually either they're not charging you render they're charging you a cheaper rent. And so, the quicker you get open that's in the paperwork. They can go
00:07:49.980 --> 00:08:01.110 The Entrepreneurial Web Radio: Once you open days and you have a six month build out clause. There's absolutely nothing that can do and that's that's really like now it's like fire. The fire time. Right, it's just like, yeah, I think, um, well,
00:08:01.560 --> 00:08:11.550 The Entrepreneurial Web Radio: I was thinking about the businesses that close down, specifically the restaurants and coffee shops, I, I don't think the endemic was the only issue.
00:08:11.970 --> 00:08:29.820 The Entrepreneurial Web Radio: Definitely not. Because, you know, I'm thinking if because the moment they said, you know, all bars should close down you know schools closed down like week later, everybody was complaining that they will not survive. And I was like, guys, if you can't afford to pay rent for two months.
00:08:31.080 --> 00:08:41.400 The Entrepreneurial Web Radio: Do. Are you doing the business. Right. Right. Exactly. I totally agree. I feel like there was a lot of, I mean if you listen to, you know, listen to guys like David Chang, you know, and, and a lot of
00:08:42.450 --> 00:08:51.780 The Entrepreneurial Web Radio: You know, big restaurant personalities business personalities and they would say, like, the market is kind of like imploding. You know, there's like a lot of that mean that people were closing
00:08:52.440 --> 00:08:56.280 The Entrepreneurial Web Radio: With rapidity for a while. I mean, every I know what was that it was
00:08:57.210 --> 00:09:05.610 The Entrepreneurial Web Radio: New Year's Day 2019 that was like a fire sale and just like so many restaurants and those gotten because the minimum wage went up the night before, which I thought was odd.
00:09:06.000 --> 00:09:12.450 The Entrepreneurial Web Radio: Like you had a minute and minimum wage increase started on December 31 because they knew everybody was going to have a big staff that have a
00:09:13.590 --> 00:09:20.460 The Entrepreneurial Web Radio: Lot that payroll taxes and and and a lot of people just said it's too much and then the increasing brands. I mean, I
00:09:20.970 --> 00:09:26.970 The Entrepreneurial Web Radio: The story of cornea. The street cafe really blew me away. Do you know this is long. It is on Cornelius Street.
00:09:27.420 --> 00:09:35.550 The Entrepreneurial Web Radio: In the West Village or was and they were they've been open for like 41 years and they finally said, I think it was New Year's Day.
00:09:35.880 --> 00:09:39.270 The Entrepreneurial Web Radio: They, they went through New Years Eve. They that was their last big hurrah
00:09:39.660 --> 00:09:52.350 The Entrepreneurial Web Radio: And they, they said, you know, we can't, we can't afford this anymore. Rent is 70. It was like 75 grand and among law and the places. It's like twice the size of this, it's not that big. You know, it's a small place. And I was like,
00:09:52.890 --> 00:10:02.640 The Entrepreneurial Web Radio: Where were the red flags that like 25 grand like I just like how, like, how can you can see, especially for a place that doesn't. I mean, if you've got like
00:10:02.970 --> 00:10:10.050 The Entrepreneurial Web Radio: If you do like online sales or you're selling information or your media company or something like that where you it's really super scalable.
00:10:10.320 --> 00:10:18.390 The Entrepreneurial Web Radio: But like you're confined you go find. Do you have you have limited abilities. Well, they are renting crisis. I think started about three, four years ago. Yeah.
00:10:18.900 --> 00:10:28.890 The Entrepreneurial Web Radio: And right now, like, then again, that everything seems like you know they throw it under the pandemic. Yeah. Now I got, you know, my head is empty, it was empty. Last year in
00:10:30.900 --> 00:10:44.010 The Entrepreneurial Web Radio: 2019 January Manhattan was empty. Already I had places because I was, I was looking for new coffee shops. I had places that would collect 17,000 records that were up for it for 88,000 yeah
00:10:44.970 --> 00:10:56.220 The Entrepreneurial Web Radio: And that was already going on and then whatever happened this year just celebrated and we are we have the crisis now right and you know everybody's I mean nobody likes to say like I failed.
00:10:58.380 --> 00:11:09.510 The Entrepreneurial Web Radio: It sucks to be like, you know, I got into this. And I think, you know, the industry was pushing for certain things and people kind of like drink the juice of that. And we've been at first to, you know, we totally overextended, but
00:11:10.560 --> 00:11:15.600 The Entrepreneurial Web Radio: I realized it pretty early on here. And I was like, all right, now we're going to fight hard
00:11:16.140 --> 00:11:22.290 The Entrepreneurial Web Radio: To like get that back because I, I didn't obviously I didn't know that this was going to happen. But I could just, I was like, man, I think that like
00:11:22.530 --> 00:11:27.510 The Entrepreneurial Web Radio: The you know the the two pics gonna yeah and it's not it's not going to you're walking on thin ice.
00:11:27.960 --> 00:11:44.850 The Entrepreneurial Web Radio: And so I worked really hard to get us into lack of sound financial situation like we took no loans. Here we got no PPP we got nothing. So yeah, so we just like roll up our sleeves and did it and and we're in a better financial you know situation now that we were in March and
00:11:46.350 --> 00:11:50.760 The Entrepreneurial Web Radio: You know, it was three years of just like grinding and not collecting
00:11:52.440 --> 00:11:55.380 The Entrepreneurial Web Radio: This point when you finally started to come
00:11:57.330 --> 00:12:14.370 The Entrepreneurial Web Radio: Straight up, we just, we just like we just kind of cleared up a big thing in January and springs. Our best time of year. And I was like, man, like this is gonna be. It's gonna be, it's gonna be collection like early March. They were like, so the restaurants might have to close and let me know.
00:12:16.230 --> 00:12:17.010 The Entrepreneurial Web Radio: I am not ready.
00:12:18.570 --> 00:12:32.910 The Entrepreneurial Web Radio: Can we just wait until like July home and and we didn't get that. But, but not for nothing. We pulled it off. Anyways, and obviously, I think, you know, it would have been better if it would have played out the other way. But, but we're okay. But I think it's, um,
00:12:34.020 --> 00:12:43.440 The Entrepreneurial Web Radio: When we open here. We open in the August 1 so by July end of July, I had the lease and everybody would come up to me and tell me, well, it's an interesting time to open a business and
00:12:44.070 --> 00:12:51.810 The Entrepreneurial Web Radio: I opened. I don't know. Seven businesses and some of them fail. Some of them like it's not the right time really never
00:12:52.170 --> 00:13:04.170 The Entrepreneurial Web Radio: I mean, there's not a perfect day you can open a business. There's always going to be something wrong and if you can open. I like it better. Because if it's making money. Now then, I know for sure that everything comes back to normal. I'll do even better.
00:13:05.250 --> 00:13:07.290 The Entrepreneurial Web Radio: That's, that's what I got my second
00:13:08.580 --> 00:13:12.330 The Entrepreneurial Web Radio: All right, everybody, we're gonna take a quick break. We'll be back. Just a minute. Stay tuned and tight.
00:15:22.470 --> 00:15:35.010 The Entrepreneurial Web Radio: Alright everybody, we're back again the entrepreneurial web Happy Friday here with my boy parviz he just opened up cafe poetical directly across the street or poetic a copy for the good quality but sorry making up name.
00:15:38.010 --> 00:15:48.060 The Entrepreneurial Web Radio: Next one. But when it can copy it is your second copy we bought it at a location as political yes yeah we had with other locations we me and my partner.
00:15:48.540 --> 00:16:03.840 The Entrepreneurial Web Radio: But then we decided we're gonna part, our ways, right. So this is all together. This is a fourth. Yeah, but I only have to, and he has to go. Sometimes that's that's the right move. Yeah. So we were just talking about during the break about on the SBA and the PPP and how
00:16:05.100 --> 00:16:06.090 The Entrepreneurial Web Radio: Neither of us got any
00:16:07.680 --> 00:16:16.800 The Entrepreneurial Web Radio: I'm just kind of like how there's a there's a lack of transparency and information surrounding those and like for me here.
00:16:17.160 --> 00:16:30.540 The Entrepreneurial Web Radio: My you know my entire front of the house staff just left town I left the city and haven't come back. So taking it would have just been alone. For me, it would have been a grand because you have to bring back your, your previous staff and keep them on for some time.
00:16:31.980 --> 00:16:33.510 The Entrepreneurial Web Radio: And I wasn't interested in alone.
00:16:34.560 --> 00:16:43.200 The Entrepreneurial Web Radio: I take, I take this blue lows. I mean, right now. Nobody's like you know everybody's doing whatever they have to do. Now we're going to see a lot of, you know,
00:16:44.070 --> 00:16:54.030 The Entrepreneurial Web Radio: As we as doctors, find the fraud. Yeah. Yeah, exactly. A lot of that. Yeah, it's gonna be crazy. I've got a friend who works. I can't remember what banks. She works for but
00:16:54.600 --> 00:17:02.820 The Entrepreneurial Web Radio: As soon as the pandemic kid and they went remote her main job was facilitating facilitating PPP for small businesses.
00:17:03.210 --> 00:17:18.300 The Entrepreneurial Web Radio: And on and I saw her, maybe like three weeks ago and I was like, how's it going like, what's the situation and she's like, it's going to be a total disaster. She was like the lenders don't even know how they're going to call stuff then much less little recipients. So like
00:17:20.070 --> 00:17:23.850 The Entrepreneurial Web Radio: I think some people will benefit from it. I mean, besides the bank's
00:17:24.660 --> 00:17:31.440 The Entrepreneurial Web Radio: sky's the limit. Mom, I think some small businesses that will have service them. And I've talked to some people, especially people that have like
00:17:31.770 --> 00:17:39.120 The Entrepreneurial Web Radio: Dedicated accountants that just like all they do is like redefined friend and and deal with that kind of stuff. But for like a
00:17:39.480 --> 00:17:47.850 The Entrepreneurial Web Radio: Small guy like me, that doesn't have that it doesn't have regular accessibility to that. I think it can be it's potentially devastating. Oh yes, this
00:17:48.240 --> 00:18:07.140 The Entrepreneurial Web Radio: Was just like, you know, speaking of 911 I think I read a lot of stories about what happened right after 911 case all downtown was shut down. And there was a SBA loan and this lady was like well I just sent it. I had an office there and they gave you 200,000 and then 12 years later.
00:18:08.310 --> 00:18:13.140 The Entrepreneurial Web Radio: They came up nails. Do you can, can you show us the lease and now I didn't have the least it's eight years in prison.
00:18:14.070 --> 00:18:31.110 The Entrepreneurial Web Radio: Wow. Yeah. So it's like it's crazy. Yeah. So kick your paperwork for a long time directly. I mean, that's like the lesson. Right. It's like they could come back and knock on your door like way, way down the road. And I mean, what about commercial leases, like the people that are
00:18:32.160 --> 00:18:35.790 The Entrepreneurial Web Radio: That kind of just defaulted in vacated women didn't pass their lease on like
00:18:36.390 --> 00:18:43.230 The Entrepreneurial Web Radio: You know, I, you know, hoping he got out of his lease or, I don't know, did you take over the least well i don't know i started a brand new one. Yeah, yeah.
00:18:43.650 --> 00:18:54.000 The Entrepreneurial Web Radio: So that's, you were telling me today. That's really what's happening like landlords are negotiating new leases. Yeah. And at first, they're kind of like holding strong and then and then they'll call you back and be like,
00:18:55.380 --> 00:19:01.650 The Entrepreneurial Web Radio: How much did you offer again. I mean, what are some of the things that you've seen on the street, you've looked at a number of places, why I always slow calm right
00:19:02.310 --> 00:19:12.300 The Entrepreneurial Web Radio: Well, the key money is almost gone, that I can tell you for sure most of the guys I saw this place. They even have milk from April inside the fridge.
00:19:12.810 --> 00:19:25.110 The Entrepreneurial Web Radio: The guy just literally closed down one day, hoping that tomorrow. He'll come or, or, you know, open in two days. But now open and then the loan was like, well, you know, everything is here as you can see, we're going to keep. I'm like, no.
00:19:26.220 --> 00:19:37.170 The Entrepreneurial Web Radio: I'm I'm expecting a cheap rent, because you know I don't know what's gonna happen. They should because they have the second wave in fall was a flu and everything and they're going to shut us down again, and maybe more aggressively.
00:19:39.360 --> 00:19:44.400 The Entrepreneurial Web Radio: I was like, you know, I have a reason. And we know that the government will not step in on time and help
00:19:44.970 --> 00:19:59.520 The Entrepreneurial Web Radio: So I was just gonna be me and I was like, I need to make sure that the first year at least is going to be cheap and they're very every level is working with you. The only thing that I noticed is that they will they asked more deposits. So before it was to deposit. So right now is for
00:20:00.630 --> 00:20:07.320 The Entrepreneurial Web Radio: I'm just commercial around, you can do that even I mean, I, I've been in meetings where they were asking six and
00:20:08.370 --> 00:20:16.020 The Entrepreneurial Web Radio: You know, it was negotiated that like every year, one would be released because it's like crazy to have that much like
00:20:16.620 --> 00:20:37.410 The Entrepreneurial Web Radio: Caught up in escrow. You know, it's like they're like, okay, like every year release one so that after five years you have little boy. Yeah, whatever long and and that's like more normalized, you know, seems more realistic home I heard from people that were open. Previously, who, you know,
00:20:38.430 --> 00:20:50.880 The Entrepreneurial Web Radio: Either have left are still kind of hanging on that the landlords are are being really tough on the old leases and not negotiating it all. But if you're a new person coming in there like
00:20:51.750 --> 00:20:57.330 The Entrepreneurial Web Radio: I think that was the whole. I think that was did that right so many times when you when you rent the place
00:20:58.620 --> 00:21:07.140 The Entrepreneurial Web Radio: After five years of doing business, maybe the guy was late. Couple of times or this is like, you know, hold tickets situation when you get a ticket for garbage and this is an apartment above you.
00:21:07.770 --> 00:21:16.380 The Entrepreneurial Web Radio: And then you send it to the landlord, and he's like, No, it's not mine or yours. I think after five years. It's like one of those, you know, like good relationships as you get tired of
00:21:16.890 --> 00:21:32.670 The Entrepreneurial Web Radio: And they're like, oh, I'm gonna, I'm gonna give this guy cheaper and I was just start fresh. Right. Oh, right, yeah. It's like, it's like a girlfriend. Um, I, I've had on the show a couple times. He actually just lives right around the corner. He's, he's like a premier tenant lawyer in the city.
00:21:34.110 --> 00:21:40.890 The Entrepreneurial Web Radio: And he was on not that long ago again. He's one of my first guests, but he came on, just for part of the show a few weeks ago, and we're talking about, you know,
00:21:41.340 --> 00:21:48.060 The Entrepreneurial Web Radio: He's like basically there's going to be like, you know, least crisis and addiction crisis and he deals
00:21:48.420 --> 00:21:59.250 The Entrepreneurial Web Radio: A lot with residential but he's, you know, very familiar with the commercial, seeing he said basically on both sides, you know, residential and commercial towards the previous tenant, the landlord's like fuck you pay me.
00:21:59.670 --> 00:22:04.320 The Entrepreneurial Web Radio: You know, but then we took somebody like us talking to landlords with new leases. They're like,
00:22:04.680 --> 00:22:11.730 The Entrepreneurial Web Radio: Okay, like, you know, who knows what what's happening. Something's backroom deals you had to get some of them are just happy to get money, but they're being like super tough.
00:22:12.420 --> 00:22:19.170 The Entrepreneurial Web Radio: Oh, yeah. And then there was some level. They're like, I have a commercial loan. I had closed it down because of condemning, not because I failed.
00:22:22.410 --> 00:22:30.510 The Entrepreneurial Web Radio: Over the last three years, and it just when I had this calmness of, you know, being at home and not being worried
00:22:31.170 --> 00:22:38.400 The Entrepreneurial Web Radio: I was like, You know what, this is a time it's good, but I have I have 3000 square feet of warehouse there. I had it for five years, my lease is up.
00:22:39.180 --> 00:22:47.520 The Entrepreneurial Web Radio: I think it's August was, you know, was the end of it. I'm I'm home. You know, the places shut down the land will call me every day.
00:22:48.120 --> 00:22:58.740 The Entrepreneurial Web Radio: I was like I what do you want me to do. Right. And then, what he did was he said that I did some light in work. There's an ending send a handwritten note.
00:22:59.190 --> 00:23:13.530 The Entrepreneurial Web Radio: Saying that I open like 20 something thousand dollars. And I was like, what is this. I'm like, send it from your lawyer right hand written this yeah and then somehow he started to send the same thing to all my friends.
00:23:14.700 --> 00:23:21.330 The Entrepreneurial Web Radio: Yeah, that was the weird part is that was like I wanted to work with you. I'm just not going out and seeing you, because you know I don't know what's going on outside with the pandemic.
00:23:21.840 --> 00:23:24.780 The Entrepreneurial Web Radio: And then I was like, you know what I call where I'm gonna do what you gotta do.
00:23:25.560 --> 00:23:33.030 The Entrepreneurial Web Radio: Right, whatever it is, because you know I don't want to negotiate with this guy and the courts are going to be backed up forever on a lot of these things. I mean,
00:23:33.390 --> 00:23:37.110 The Entrepreneurial Web Radio: One of the things, Sam. The tenant lawyer was saying is it's going to take forever.
00:23:37.560 --> 00:23:42.840 The Entrepreneurial Web Radio: A lot of things are going to just whatever go to judgment or something like that. He was like, you know, a lot of people won't affect them right now.
00:23:43.680 --> 00:23:56.760 The Entrepreneurial Web Radio: But he was saying. Like if you if you go to buy a home. I think he said the judgments are good for like 20 years so I'm like, after that, like, and say 22 years you go to buy a house and they come out to you, just like we were talking about like the PPP like they might be like
00:23:58.080 --> 00:24:05.430 The Entrepreneurial Web Radio: Remember us so you gotta be like can be really careful with this crazy, I think, was it was it was a wasn't residential, I think the city will step in
00:24:05.730 --> 00:24:12.120 The Entrepreneurial Web Radio: Because they know how bad they will hit, specifically the New York area and they haven't done anything yet. Oh no, they haven't program.
00:24:12.780 --> 00:24:21.330 The Entrepreneurial Web Radio: Yeah, they have a program you apply they'll let you know. But I think what they will wait is see they waited first to make sure everybody pays
00:24:21.810 --> 00:24:29.850 The Entrepreneurial Web Radio: Now you know 80% of the people paid. I think the 70% paid, they're just waiting for more people to pay and will be left. They'll be like, Okay, well,
00:24:30.180 --> 00:24:43.320 The Entrepreneurial Web Radio: Up until this period will cover. Right, right. It's like a first the first default protection program for residents like the first time when you default on your rent you go to court and then after two hearings, they will just say you'll be able to sit, it will cover it.
00:24:44.640 --> 00:24:46.950 The Entrepreneurial Web Radio: And or they'll just say like, when are you leaving
00:24:47.670 --> 00:24:58.770 The Entrepreneurial Web Radio: You know, you have to leave. That's, that's for sure. Right now, like that's not even happening. So people are saying because you're not allowed to like actually kick them out and then it's just like it's turning into this kind of like crazy spiral and
00:24:59.340 --> 00:25:04.440 The Entrepreneurial Web Radio: Yeah what Sam was saying was going to take four years he's a fan all this out.
00:25:05.460 --> 00:25:16.620 The Entrepreneurial Web Radio: And then it seems like with commercial though that just like they're just taking people out to try and people are like, I mean obviously people are working spaces. They're just like getting out like that whole gets deeper and deeper
00:25:17.730 --> 00:25:26.010 The Entrepreneurial Web Radio: You know, the liability their commercial rents tend to be higher than than residential I think everybody's paying 75 grand a month or an apartment.
00:25:28.140 --> 00:25:36.540 The Entrepreneurial Web Radio: Shouldn't be. There we go. I mean, you know, they do like that credit check right and it's supposed to be a certain percentage of your income. Yeah, I'd love to have that that problem with
00:25:39.210 --> 00:25:53.010 The Entrepreneurial Web Radio: That would be so crazy. Cool. All right. Well, we're going to take another quick break. Everybody will be back in just a few hang tight. Listen to some more information. Some more insights from my man parviz here we've got just a few you listen to the entrepreneurial web
00:28:12.930 --> 00:28:18.810 The Entrepreneurial Web Radio: Alright everybody, we're back again is the entrepreneurial web. I'm your host, Jeremiah box here with neighboring business owner
00:28:19.230 --> 00:28:31.860 The Entrepreneurial Web Radio: Kind of extraordinary business personality parviz so give us a little like kind of background and timeline on like the businesses that you've open how young, did you get started in a, you know, to kind of to the current state.
00:28:32.490 --> 00:28:46.110 The Entrepreneurial Web Radio: Oh, I started at 17 right after high school when I moved from Texas to New York and then rent, you know, the bills to pay, and then I started working in this company that was washing machines.
00:28:47.010 --> 00:28:59.910 The Entrepreneurial Web Radio: So basically, I had no time, I had to learn quick so I learned in like in two months and then they gave me a van. I would drive around the laundromat in hotels and fixing the machines that would pay my bills. Well, this was a good pay and then
00:29:01.530 --> 00:29:06.750 The Entrepreneurial Web Radio: As I was going through. They had two partners, they broke up. And then, you know, hold shift, shift show started. Yeah.
00:29:07.710 --> 00:29:16.140 The Entrepreneurial Web Radio: And I, at the time I was like two years of experience and I started you know it's time to do on my own on my own terms, that's how I started my first business.
00:29:16.770 --> 00:29:29.550 The Entrepreneurial Web Radio: And then I was 20 young still drinking all that would work three days and then 44 days before. Yeah, big I would make good money.
00:29:30.330 --> 00:29:42.480 The Entrepreneurial Web Radio: You know, for, for someone single and then the same business like repairing write about your machines and then as I was looking, I saw this moment, there was closed down. Everything was there and laundromats. It's basically the
00:29:43.260 --> 00:29:49.560 The Entrepreneurial Web Radio: Plumbing and electricity and it was there somebody just took out the machines and place was making a taco. I think there was a mistake.
00:29:51.150 --> 00:30:02.130 The Entrepreneurial Web Radio: Snake was the mistake. Yeah. So I took it over. I worked for a year. I couldn't do it. I just have to leave it. It's been like over $100,000 that was my first failure. Yeah.
00:30:02.670 --> 00:30:18.420 The Entrepreneurial Web Radio: And then after that I kept on doing for another like four years kept on doing laundry machines, the company grow. We had lot five mechanics rent to them big plays with machines that distributor ships and all that everything was going fine. The only problem with that business was just
00:30:19.470 --> 00:30:25.530 The Entrepreneurial Web Radio: Too much problems too much things that you have to stay on top. Never ending, you know, worse than a restaurant.
00:30:26.460 --> 00:30:34.290 The Entrepreneurial Web Radio: A little bit. Oh we service. The Rikers Island. The prison. Oh, that's crazy because you have to send
00:30:35.190 --> 00:30:51.720 The Entrepreneurial Web Radio: One of my technicians had a domestic situation going on and and they had a court with this soon to be ex wife and all that and I apparently signed out saying that if something like that happens, I will let them know I send the guy calling me. He said he's not supposed to be. He's a cool
00:30:53.820 --> 00:30:57.420 The Entrepreneurial Web Radio: Guy and stuff like that. I always wanted to have a coffee shop at a coffee shop business out of
00:30:58.230 --> 00:31:07.470 The Entrepreneurial Web Radio: Not to not to hurt your feelings out of all of them is the simplest one in the easiest one. Because the transaction between the customer and the business or in the brewery story or the server.
00:31:08.010 --> 00:31:18.210 The Entrepreneurial Web Radio: It's literally one minutes. Yeah. Can you play soccer. You pay right away you get your beverage the transaction is done. This is where it stops. Yeah, I think that's very important to
00:31:19.200 --> 00:31:28.080 The Entrepreneurial Web Radio: Have a calm business yeah and and I agree, like it was a simple. It was a pretty simple operation for me.
00:31:28.770 --> 00:31:36.600 The Entrepreneurial Web Radio: You know that place opens at 630 every morning and we would get out of here. About one every morning and
00:31:37.110 --> 00:31:45.750 The Entrepreneurial Web Radio: We started to have like what we had in 2015 we had five businesses and five business partners and then one by one they started to leave.
00:31:46.110 --> 00:31:54.720 The Entrepreneurial Web Radio: And it was like, Okay, we're done. The three partners and five businesses and something had to give them the beer store just went on her, you know, it was just like
00:31:55.380 --> 00:32:02.130 The Entrepreneurial Web Radio: There was a high mark. It was a high peak in that market and we came in at the peak, not before, which is always draw and then it just
00:32:02.730 --> 00:32:14.190 The Entrepreneurial Web Radio: It just took a nosedive and those places just pre pandemic disappeared from the city landscape, you know, there were like crap. We are stores all over. I mean, we lost five just from core tell you
00:32:14.910 --> 00:32:22.290 The Entrepreneurial Web Radio: To Fifth Avenue here in Brooklyn. Goodbye, like, really nice ones, and no one was that close down. Yeah, so, um,
00:32:23.130 --> 00:32:33.570 The Entrepreneurial Web Radio: But with the coffee shop. It got to the point where I was, I was operational involved. So I was there six 615 every morning and sometimes I wouldn't get out of here until one
00:32:34.080 --> 00:32:40.410 The Entrepreneurial Web Radio: I'm you know that they closed it five in the winter and seven in the in the spring and summer.
00:32:41.040 --> 00:32:49.650 The Entrepreneurial Web Radio: And fall and then here it was just like, you know, five, five to midnight every night. And it was just like this grind and I'm looking, then the things that really
00:32:50.610 --> 00:32:54.360 The Entrepreneurial Web Radio: Was the beginning of for me was, I'm looking at the numbers of both. And I'm like,
00:32:54.630 --> 00:33:09.210 The Entrepreneurial Web Radio: It costs the same to run them both essentially like it literally cost because we cooked. We may we cook a lot of food there. So I'd have cooks on my races, you know, the whole thing. And here it's like I got cooks and bartenders, and I'm like, but we make a whole lot more.
00:33:10.650 --> 00:33:14.820 The Entrepreneurial Web Radio: And I'm like, so like again part ways with that I can sleep in a little bit.
00:33:15.990 --> 00:33:28.500 The Entrepreneurial Web Radio: And and and walk with like essentially the same amount of money and I, and that's what we did. And it allowed me to focus more on here because we talk, you know, well, yeah, I mean, we're only rest. First of all, so yeah.
00:33:29.070 --> 00:33:40.170 The Entrepreneurial Web Radio: I've done it before. And it's very hard for me. I can do this unless I really, really have to right if I don't like do that the business will go on. I'll do it. But other than that, I'll do everything.
00:33:41.490 --> 00:33:48.240 The Entrepreneurial Web Radio: And I, and I had a good run here where where I had full staff. Yeah, up until March and everybody laughed. So now I'm doing
00:33:49.830 --> 00:34:00.690 The Entrepreneurial Web Radio: But, you know, but it's great because it was like it was, it was kind of like opening again like starting over again but without the opening expense without the opening and was whole bunch of experience. Yeah.
00:34:01.110 --> 00:34:06.390 The Entrepreneurial Web Radio: And that is, is fantabulous yeah and I had always wanted to own a coffee shop to like
00:34:07.740 --> 00:34:11.700 The Entrepreneurial Web Radio: You know, I've just been in the industry for, you know,
00:34:12.720 --> 00:34:22.950 The Entrepreneurial Web Radio: Decades and I and still like I've got it. I have basically a commercial machine at home. I actually been pulling your beans and they weren't really nice on my machine that you know not all beings workflow on it, but
00:34:23.760 --> 00:34:33.120 The Entrepreneurial Web Radio: But I enjoy the best means they're good. And so like I just I wanted a commercial machine so bad. I want to, like, you know, the whole thing and friends of mine were running the all
00:34:34.080 --> 00:34:40.050 The Entrepreneurial Web Radio: The New York headquarters for intelligentsia. So that's who. That's who we were getting coffee from and they helped me
00:34:40.470 --> 00:34:47.940 The Entrepreneurial Web Radio: set everything up and train the whole staff and I used to hang out in their coffee laugh all the time like wait, I will do your but I wasn't until I get
00:34:48.780 --> 00:35:06.420 The Entrepreneurial Web Radio: It back then it was roaming. Do you know I mean our money. No. And then it was Justin and Justin I know, yeah, Amy. I didn't know. Amy is Justin and somebody else. And this kid Jordan to. So back in the day was running and Jordan. Jordan moved out west net for me now runs this
00:35:07.650 --> 00:35:14.910 The Entrepreneurial Web Radio: Roasting collective. I think they're in the Navy or or Red Hook, one of the two. He's still around still like huge coffee personality, we guys
00:35:16.860 --> 00:35:25.350 The Entrepreneurial Web Radio: Anyway, saw. Yeah, I just like had this long, you know, fantasy, and having that big commercial machine with the license and then we did that, it was great. I'm not sure.
00:35:25.980 --> 00:35:38.490 The Entrepreneurial Web Radio: I would rather replicate this do something like della again then like that or combined it to where it's like coffee in the morning and at night. So those expenses are all under 111 roof. It was hard, having
00:35:39.390 --> 00:35:47.250 The Entrepreneurial Web Radio: Having. You know what I think the coffee business is much better and I don't know. We can talk about all the cities but
00:35:47.790 --> 00:35:57.090 The Entrepreneurial Web Radio: For instance, there are fewer people in New York going to Starbucks and Dunkin Donuts because every year they're less and less than or more coffee shops, they do their own thing to give that
00:35:57.570 --> 00:36:06.450 The Entrepreneurial Web Radio: You know, sense of good coffee. Yeah, which most of them do that mean they're they're good coffee. I mean, Starbucks. I always say someone doesn't sell coffee they they they sell their logo.
00:36:07.710 --> 00:36:14.580 The Entrepreneurial Web Radio: Because, you know, and the same, same as Dunkin Donuts and I use that, you know, because they have parking in the back.
00:36:16.140 --> 00:36:27.060 The Entrepreneurial Web Radio: And now, but coffee business. I think he's got much better. I think we have another like five years. The estimating that the business will jump to like 300%. Yeah, so there will be more coffee shops every day and
00:36:27.810 --> 00:36:33.300 The Entrepreneurial Web Radio: I think that this is, this one is here to stay. And I think it's better to open now than it was five years ago.
00:36:36.000 --> 00:36:37.050 The Entrepreneurial Web Radio: Now you've hurt my feelings.
00:36:39.510 --> 00:36:47.250 The Entrepreneurial Web Radio: No, I have no regrets. I really have no regrets. Again, it was something that I wanted to do for so long. And I learned so much from that process.
00:36:47.550 --> 00:36:52.770 The Entrepreneurial Web Radio: And it helped me refine what I do here and help us. It helps us make this much better.
00:36:53.250 --> 00:37:02.880 The Entrepreneurial Web Radio: The same with the retail store, but the beer store, you know, I mean, anytime you're purchasing like that and I've done it now. I still I still do a ton of purchasing for the winter chairs to co op and for the for the juice box.
00:37:04.110 --> 00:37:08.700 The Entrepreneurial Web Radio: It all just contributed to make you know to make everything a better run ng machine.
00:37:09.960 --> 00:37:14.220 The Entrepreneurial Web Radio: Who knows, maybe when I get back into it but i think i think now.
00:37:15.630 --> 00:37:21.990 The Entrepreneurial Web Radio: What, like what's happened since March definitely got rid of a lot of bad coffee shops, you know, wines that were just like,
00:37:22.350 --> 00:37:31.170 The Entrepreneurial Web Radio: They were just like game. I mean, I've seen some bad stuff out there and i think i think you're right. There's going to be like a nice revival. I mean, I remember what it was like in 2005 and 2006
00:37:31.500 --> 00:37:39.600 The Entrepreneurial Web Radio: When it was just like a handful of great places like, you know, nice free coffee, you know, and they were they were using counterculture they were like the only people
00:37:39.990 --> 00:37:47.970 The Entrepreneurial Web Radio: In New York, using a counterculture and are not kind of culture, who was it sometimes there isn't there like kind of put them on the map here and then
00:37:49.140 --> 00:37:56.760 The Entrepreneurial Web Radio: Like every man espresso. So, which is still on the seven verses like there were there were only a handful of really great places I heard
00:37:57.840 --> 00:38:06.000 The Entrepreneurial Web Radio: I heard Grumpy, Grumpy places left especially like the one on Main Street that's I used to go there all the time. That's that because that's where like
00:38:07.110 --> 00:38:16.290 The Entrepreneurial Web Radio: I really fell in love with like the pure shot of espresso at that place. You know, they just they made some really great. I think they had this the the rent prices, you know,
00:38:18.450 --> 00:38:19.740 The Entrepreneurial Web Radio: I know this guy opened
00:38:21.270 --> 00:38:23.400 The Entrepreneurial Web Radio: Last year, you open about nine stores.
00:38:25.230 --> 00:38:40.800 The Entrepreneurial Web Radio: He opened one on Smith Street, you know, direct competition there and then the whole dynamic it and it was like I I'm worried about the guy. Yeah, because you know there's like you. You open nine stores in you had three or I think he had four and then you open nine in one year.
00:38:42.690 --> 00:38:58.650 The Entrepreneurial Web Radio: That's, yeah, that's a stretch. I hope I mean all those doors open. So I'm hoping that yeah but Starbucks will leave. Eventually, I think, because now they are more outside the every 12 hours 13 hours they open a new store in the world. It's amazing.
00:39:00.000 --> 00:39:05.940 The Entrepreneurial Web Radio: But Starbucks is big in Russia, and you know, I know. Rush. I've been there and China.
00:39:06.810 --> 00:39:18.300 The Entrepreneurial Web Radio: Japan or in Tokyo Starbucks is number one really yeah and then Blue Bottle just went in. So nobody was kind of becoming a competition there, but I think these big players going to be out
00:39:18.780 --> 00:39:28.380 The Entrepreneurial Web Radio: From big cities. Yeah. And this opens a whole new world for us right now. I think I think it'd be a revival. And what if the leases are better or better returns
00:39:29.070 --> 00:39:30.960 The Entrepreneurial Web Radio: Something I've been thinking about. I mean, aren't
00:39:31.950 --> 00:39:44.310 The Entrepreneurial Web Radio: Any of the leases you've signed recently. Is this the only one you've signed since March. Yeah. As far as there any kind of like pandemic response written into beliefs are people doing that, like in the riders or anything, because that's what I feel like
00:39:44.940 --> 00:39:53.640 The Entrepreneurial Web Radio: Everybody really got some protect to protect themselves, both sides need to think like really strategically. Like, what if we get shut down again. What happens is it just like
00:39:53.970 --> 00:40:00.510 The Entrepreneurial Web Radio: Fuck you pay me or, you know, Is there, is there any any backup any kind of protection being written.
00:40:00.930 --> 00:40:16.890 The Entrepreneurial Web Radio: Here I didn't do anything because the rental so cheap and it's not even worth it. Yeah, I can. I can close it down for five months. And, you know, still be back in and find but the other places that I'm making well for these basically if there will be no indoor dining, then the rent is 50%
00:40:18.330 --> 00:40:25.380 The Entrepreneurial Web Radio: And there was like all this do 6040 because you also have to go the coffee shop. So to go business, this and that but
00:40:25.920 --> 00:40:38.310 The Entrepreneurial Web Radio: My offer is it has to be 50 if that happens again. And if I can't make it through that even with the 50% rent then should be like you give the 50% of the deposit back
00:40:38.910 --> 00:40:50.280 The Entrepreneurial Web Radio: And just leave you know was good guy claws and that should be the end of it, and the LEGOs are willing to work. Yeah. That's amazing. Yeah, it's really amazing. It's good to be here. I mean, some places that I'm on my
00:40:51.510 --> 00:40:57.030 The Entrepreneurial Web Radio: Carroll Gardens dilemma stepped in and helped me good and we always we were going back and forth. And I was like, listen.
00:40:59.250 --> 00:41:13.890 The Entrepreneurial Web Radio: I need, I need some help, right, because when when everything was shut down. We stayed open, but our sales went down 80% were like, you know, will make hundred dollars a day. Right. That's not even enough to just, hey, the coffee.
00:41:15.300 --> 00:41:18.030 The Entrepreneurial Web Radio: And water and then then he stepped in and then
00:41:19.170 --> 00:41:22.650 The Entrepreneurial Web Radio: You know, I guess it depends on the relationship that you have a good rapport.
00:41:22.980 --> 00:41:30.900 The Entrepreneurial Web Radio: And if you have one of those, you know, family landlords and a half. Couple of buildings, but they, you know, they do their own operation right there was a room to to to talk. I know.
00:41:31.650 --> 00:41:47.370 The Entrepreneurial Web Radio: My friend owns a laundromat down on Fifth Avenue and he's like I was being given a relief, but what he did was for three months, the rent you just put it at the end of things. So he's still can operate. And then, you know, work without being in a dangerous being at the default, but
00:41:48.870 --> 00:41:55.860 The Entrepreneurial Web Radio: I think it's was this. Now, the writers will get long 42 pages now is going to be 52 minutes right
00:41:57.180 --> 00:42:00.240 The Entrepreneurial Web Radio: There like you have to be super specific like what you were saying.
00:42:01.050 --> 00:42:10.860 The Entrepreneurial Web Radio: All these details about this is how you should respond there. There has to be some give where like you're not put out but I'm also not put out and the goal is that either.
00:42:11.400 --> 00:42:18.570 The Entrepreneurial Web Radio: We have a, like a nice mutual departure, where you're not suing me and I also don't owe you like 10s of thousands of dollars or
00:42:19.140 --> 00:42:27.060 The Entrepreneurial Web Radio: some wiggle room to where we can both come out of this yep together because it doesn't benefit anybody to have a bunch of empty spaces and what you were saying to about Starbucks. I mean,
00:42:27.660 --> 00:42:36.780 The Entrepreneurial Web Radio: They only go in high traffic areas like there's not much traffic in Manhattan right not at all like, like there's still the one on seven and night.
00:42:37.290 --> 00:42:46.140 The Entrepreneurial Web Radio: Right here, you know, and that they're pretty new. But that's still like, I mean residential Brooklyn is is popping, you know, nothing's really changed but like
00:42:47.250 --> 00:42:49.620 The Entrepreneurial Web Radio: You know the office space as definitely like
00:42:51.930 --> 00:42:53.820 The Entrepreneurial Web Radio: They have enough money they have enough money for
00:42:55.350 --> 00:43:00.870 The Entrepreneurial Web Radio: They should give us, they don't get love from I'll give you my address you send me some money Starbucks.
00:43:02.820 --> 00:43:04.710 The Entrepreneurial Web Radio: And I like I like how they started though.
00:43:05.910 --> 00:43:14.400 The Entrepreneurial Web Radio: Why, like in Seattle that yeah yeah I read his books and stuff. Great story. I mean, I like the way McDonald's started. Yeah, no, I mean what it turned into not so much but
00:43:14.760 --> 00:43:21.750 The Entrepreneurial Web Radio: But it's inspirational for anybody that's looking, you know, I think you and I have a kindred spirit, where we just want to keep finding things doing things and like
00:43:22.020 --> 00:43:30.690 The Entrepreneurial Web Radio: It's fun. But it's exciting. I like soon as the laces like up and running on I think let's move on. Like some isn't that much fun. It's the same situation that I have right now.
00:43:31.380 --> 00:43:40.170 The Entrepreneurial Web Radio: I am constantly looking because I'm bored. You know, once you have that, you know, the staffing problem is solved, and you have everything going on. You'd be like, oh,
00:43:40.830 --> 00:43:48.600 The Entrepreneurial Web Radio: What do I do now. There's no vision. Okay. Because I want that, you know, you look at the place that you do all the research and go on the website and check what happened there.
00:43:48.960 --> 00:43:53.220 The Entrepreneurial Web Radio: And then my, my best part is I just go in front of it and just calms people
00:43:53.970 --> 00:44:02.280 The Entrepreneurial Web Radio: Like ours. Yeah. And then, you know, like from eight to 10 and then all the busy times on the weekends and then at some point, you're like, this is the place
00:44:03.270 --> 00:44:12.150 The Entrepreneurial Web Radio: Yeah, and then the whole, you know, setting it up, you know, putting the stuff where they go. And then at one day, you just look at it. Everything blend in and you have the whole
00:44:12.660 --> 00:44:22.830 The Entrepreneurial Web Radio: Machine working, you know, was humans and customers all come together everything works not always the way you planned, but yeah, sometimes even better almost never the way you play right
00:44:23.760 --> 00:44:31.770 The Entrepreneurial Web Radio: But that's that's that's the draw. That's what I like. Yeah, same here. I really enjoy that. All right, we're gonna take one more quick break. Everybody hang tight. We'll be back in just a few
00:46:27.120 --> 00:46:35.220 The Entrepreneurial Web Radio: Alright folks, we're back. You're listening to the entrepreneurial web here with my man parviz he is a serial entrepreneur are always looking for new places.
00:46:35.580 --> 00:46:47.340 The Entrepreneurial Web Radio: So you were telling us you went from laundry into coffee shops like and you've open for coffee shops now hold together. Yeah. And you split with your old partner and you have to right now.
00:46:48.180 --> 00:46:54.870 The Entrepreneurial Web Radio: And we were just we were just on the break, talking about commercial leases and commercial commercial like buying buildings with
00:46:55.560 --> 00:47:05.280 The Entrepreneurial Web Radio: commercial and residential and and how like how hard it is to make money. But that's like the fantasy. Right. So, like all in that building.
00:47:06.030 --> 00:47:11.460 The Entrepreneurial Web Radio: But you can't just own wine because the taxes are like too crazy, right, like if you
00:47:12.300 --> 00:47:29.190 The Entrepreneurial Web Radio: There, I can't remember what the thing is, but it's like a you by building within two years if you buy another one. You keep deferring yes some some some something I can't remember, but that's why you just gotta keep buying buildings and the problem is that you have to have the money.
00:47:30.390 --> 00:47:43.800 The Entrepreneurial Web Radio: To to buy the buildings and the buildings in New York crazy, like, Yeah, you know, it's like at least 5 million right you know how much taxes, you have to pay until to get to the right account and then if you go through a mortgage sound you're building the bank.
00:47:45.240 --> 00:47:46.500 The Entrepreneurial Web Radio: Manager for them is borrowing.
00:47:48.420 --> 00:47:49.020 The Entrepreneurial Web Radio: a dirty word.
00:47:50.280 --> 00:47:58.590 The Entrepreneurial Web Radio: I think you know the clamping is a new thing. Have you heard about that. Sure. I'm looking into like Poconos in Orlando, Sam.
00:47:59.220 --> 00:48:06.330 The Entrepreneurial Web Radio: How they build these small cabins in Europe, and they will ship it to you right i think that's that's something I would definitely do.
00:48:07.230 --> 00:48:15.180 The Entrepreneurial Web Radio: Get like acres of land. Yeah. And then just put those cabins and, you know, you don't have to deal with most of this stuff. Yeah, but you would deal in Brooklyn.
00:48:15.660 --> 00:48:21.270 The Entrepreneurial Web Radio: Right, because a lot of them. I mean, they. Some of them have like they have running water and like one part of the
00:48:21.840 --> 00:48:37.410 The Entrepreneurial Web Radio: Right of the camp of the grounds and then everything else you're like we've been to places like that. Whereas, like it was just a communal building with like running water, maybe like an outdoor kitchen and then everything else is just like nature, you know. Yeah.
00:48:39.120 --> 00:48:39.390 The Entrepreneurial Web Radio: That's
00:48:40.500 --> 00:48:40.950 The Entrepreneurial Web Radio: That's why you
00:48:44.610 --> 00:48:45.840 The Entrepreneurial Web Radio: Go to work on the park like
00:48:47.130 --> 00:48:51.510 The Entrepreneurial Web Radio: Without failure. I go to the bathroom right before I leave and I run in and
00:48:55.800 --> 00:49:00.990 The Entrepreneurial Web Radio: I gotta find it stopping to lunch here because there's no there's no bullying. She has a cold.
00:49:03.480 --> 00:49:05.160 The Entrepreneurial Web Radio: It's cold. It doesn't. It doesn't matter.
00:49:07.590 --> 00:49:12.570 The Entrepreneurial Web Radio: But like you got to find that good color. You don't want to, you know, some of my own spaces in
00:49:15.600 --> 00:49:16.020 The Entrepreneurial Web Radio: I know
00:49:17.190 --> 00:49:20.130 The Entrepreneurial Web Radio: It's like it's it when when spring comes, there's no flowers there.
00:49:23.580 --> 00:49:25.410 The Entrepreneurial Web Radio: So yeah, we've definitely talked about
00:49:26.580 --> 00:49:35.010 The Entrepreneurial Web Radio: Looking into some places upstate like my wife's from the Finger Lakes and her sister still have up there and like buying something out there that you could rent out especially like
00:49:35.430 --> 00:49:39.870 The Entrepreneurial Web Radio: There's some spots where you've got the lake in the summer and they'll be like a small ski resort.
00:49:40.170 --> 00:49:52.770 The Entrepreneurial Web Radio: In the winter so we can get rentals year round. Yeah. And then when we go out, we have a nice a nice place to stay. I definitely thought about that in terms of the purchases and like those places. I mean, I'm gonna buy like three of them today. Yes, and
00:49:55.140 --> 00:50:09.360 The Entrepreneurial Web Radio: These places are like 110,000, you know, and they're like on their small but they're on property like you actually get property with it as opposed to hear where it's like little it gets a little later. You can put your garbage bags baskets right over there. Just one.
00:50:11.250 --> 00:50:18.300 The Entrepreneurial Web Radio: One day I'll have to tell you that this story of like the garbage over there. When because it was a residential building and we moved a bunch of stuff.
00:50:18.600 --> 00:50:30.150 The Entrepreneurial Web Radio: And these crazy people upstairs and like we move the garbage receptacle and everything like build a brand new and they just like they weren't having it and like literally putting garbage in the front of our storefronts is crazy.
00:50:31.230 --> 00:50:32.490 The Entrepreneurial Web Radio: To say that we get tickets
00:50:33.510 --> 00:50:42.300 The Entrepreneurial Web Radio: Well, no, they weren't in this because it looked like it was our garbage. You know, like cops and to be called as a whole, I was arrested. It was. And that's commercial
00:50:43.470 --> 00:50:44.100 The Entrepreneurial Web Radio: Management
00:50:45.150 --> 00:50:49.560 The Entrepreneurial Web Radio: This is management in New York City, like it's so crazy. Some of the stuff that happens. Oh.
00:50:50.670 --> 00:50:53.820 The Entrepreneurial Web Radio: I'm still shocked that laundry mat is like can be more crazy
00:50:55.740 --> 00:51:06.780 The Entrepreneurial Web Radio: servicing the commercial on the equipment. Yeah, yeah. So you do have a lot of equipment. Yeah, because you have this wide spectrum of businesses, hospitals, prisons.
00:51:07.620 --> 00:51:21.300 The Entrepreneurial Web Radio: Juveniles wouldn't go and some hospitals, a texture Z's like where my guys will just walk away from God. I have to send somebody to get the van. We had some fun times. What was that that had to have been crazy during
00:51:22.650 --> 00:51:31.770 The Entrepreneurial Web Radio: during the pandemic, because then you still like the people who are washing laundry like crazy and right and we did yeah we did about 70% of all the nursing homes in New York.
00:51:32.430 --> 00:51:52.950 The Entrepreneurial Web Radio: My guys would like to know when I'm doing it as I don't care if we. Yeah. Yeah. So, um, and then the other hot topic that just was announced earlier this week is that dining rooms in New York City can open. Mm hmm. At 25% starting September 30 which gives you. How many YC
00:51:54.450 --> 00:52:01.680 The Entrepreneurial Web Radio: Just one I have I have four seats 14 so you will be given one for two persons, man, you gotta just charge
00:52:02.760 --> 00:52:03.210 The Entrepreneurial Web Radio: You like
00:52:06.480 --> 00:52:10.800 The Entrepreneurial Web Radio: You know, like I was, I was looking at, I have to buy a non contact temperature probe.
00:52:11.190 --> 00:52:18.600 The Entrepreneurial Web Radio: Right, that you know either. You will have to scan somebody on the forehead was like Gung looking thing. The one I was a fancy ones. There's like $2,000
00:52:18.960 --> 00:52:24.180 The Entrepreneurial Web Radio: I'm like, if I get it for $2,000 and then I have one table only 20 years for that money back.
00:52:24.840 --> 00:52:31.710 The Entrepreneurial Web Radio: So I don't think I'll do, you're not here. I'll do on race mystery and you don't need me here you've got so much outdoor space. Right.
00:52:32.700 --> 00:52:37.440 The Entrepreneurial Web Radio: So what is some of the other stipulations. THEY HAVE YOU YOU HAVE TO DO YOU HAVE TO DO tracing
00:52:38.070 --> 00:52:44.910 The Entrepreneurial Web Radio: Everybody has to leave their phone number. I don't know how they will do it. They said, one person per Table, table the boom Bap recruit so
00:52:45.270 --> 00:52:52.680 The Entrepreneurial Web Radio: One contact trace per group, which is where we supposed to put that where we where we keep that information. Yeah. And then you have to put the big billboards for the
00:52:53.190 --> 00:53:00.540 The Entrepreneurial Web Radio: cyclist finishes know if you see that the social distance thing is not working. They have to put like text to our picture here.
00:53:00.960 --> 00:53:10.950 The Entrepreneurial Web Radio: Kind of thing really was. Was your code or something so they know it's coming from, from your, from your place and then 50% by November 30 I think
00:53:11.580 --> 00:53:19.170 The Entrepreneurial Web Radio: That Well depending on how it will go, I just, like, you know, I'm here because all the time. The school situation. I was already like
00:53:19.800 --> 00:53:21.450 The Entrepreneurial Web Radio: My wife was telling me this morning like
00:53:21.960 --> 00:53:29.700 The Entrepreneurial Web Radio: Two teachers in Sunset Park that just went back to work. Last week tested positive in a school to impart slow at a place right just at the other end prospects here.
00:53:29.970 --> 00:53:36.990 The Entrepreneurial Web Radio: So like putting people in small spaces and they're already testing positive and even if there's not like a major health threat. They're going to just they're gonna
00:53:37.650 --> 00:53:42.780 The Entrepreneurial Web Radio: They're gonna shut everything back down, man. It's pretty my sister. She's a Director of Education at the private school down by
00:53:44.070 --> 00:53:47.130 The Entrepreneurial Web Radio: Brighton Beach area. And she says, it's just
00:53:48.300 --> 00:53:57.210 The Entrepreneurial Web Radio: Crazy. Yeah. And yes quarantines and we we try to open because if I was calling, then all of a sudden somebody, somebody test positive and they have to go back again.
00:53:58.200 --> 00:54:02.700 The Entrepreneurial Web Radio: Right, I did a good they shut down classroom so they didn't open yet. Yeah.
00:54:03.150 --> 00:54:14.700 The Entrepreneurial Web Radio: It's trying to open. That's definitely but I feel like somebody, somebody has to take the steps to see like the questions around herd immunity and all that, like, does it exist. Are we in this situation, or is it is it as crazy fucked up is
00:54:15.030 --> 00:54:32.370 The Entrepreneurial Web Radio: You know, some people are saying, you know, my thing was, what will come down to it, is that at some point as a nation will just say, you know what, let's just take this will just, I think it was already happening because you know 190 2000 people die, you know, related to call it and people
00:54:34.140 --> 00:54:42.390 The Entrepreneurial Web Radio: I mean no like that. Yeah, it's crazy because we have 911. It was so horrible. And I was a child, I remember looking at from Pakistan.
00:54:42.840 --> 00:54:50.610 The Entrepreneurial Web Radio: And we had like three days of non stop coverage will never get that will get us there. Right, right. Just, you know, and the whole thing that 3000 people died.
00:54:51.510 --> 00:54:59.850 The Entrepreneurial Web Radio: Was still more than every day. But now we have 3000 people dying every day. And this whole you know I don't want to wear my mask. Right. Oh, where's my song.
00:55:00.330 --> 00:55:19.470 The Entrepreneurial Web Radio: No, there, there is a visit isn't big, it's very polarizing. Yeah. Um, but, you know, I think here like I think each each especially urban area is going to respond, a little different. I mean, we got New York. You know, like everybody. Let's just, let's just get it. Everybody had it got a little
00:55:21.090 --> 00:55:25.170 The Entrepreneurial Web Radio: Like, you know, Dave Chappelle episode where he's like just sprinkle some crack on
00:55:31.530 --> 00:55:38.730 The Entrepreneurial Web Radio: Because, you know, one more thing about the statistic is that they said all the hospitals needed money. Yeah. And because Corona treatment is
00:55:39.210 --> 00:55:46.380 The Entrepreneurial Web Radio: 100% funded by the government, like maybe the numbers a little jack, like, Sure. Okay. We have 12 million people in New York, we had
00:55:47.250 --> 00:55:55.620 The Entrepreneurial Web Radio: thousands of cases every day. And all of a sudden we have seven right and have your lifestyle change, like it was changed in May in April. Now it's
00:55:56.280 --> 00:56:01.320 The Entrepreneurial Web Radio: Not me. I mean, I still worked every day all my place to stay open. You know we did things a little differently. But like
00:56:01.980 --> 00:56:18.960 The Entrepreneurial Web Radio: Life here didn't change that in the neighborhood. It was, you know, besides like a little less you know traffic. Right. But everybody was out there, everybody was we are essentially doing the same thing as we were doing before, but somehow there's their system is working well anyways.
00:56:19.980 --> 00:56:23.220 The Entrepreneurial Web Radio: I hope everybody's safe. I hope it's good. I'm gonna, I'm definitely gonna open
00:56:23.880 --> 00:56:33.600 The Entrepreneurial Web Radio: At 25% I'm gonna do my best. You know, and I'm just going to do this, keep the doors and windows all open and put fans on I didn't run the air conditioner all this issue, we just said a lot of money on it.
00:56:34.080 --> 00:56:45.510 The Entrepreneurial Web Radio: Never not great to me anyways. But yeah, just keep the air flowing and then we'll see what happens, then take that step so well. Thank you for coming on. We got around blabbing you guys check this guy out. He's a cafe calm.
00:56:47.220 --> 00:57:01.620 The Entrepreneurial Web Radio: Poet a good coffee. I'm gonna make up my own business. I am getting back into coffee industry right here on Prospect Avenue and what were you had in Carroll Gardens on Smith Street and to grow and grow. Cool.
00:57:03.030 --> 00:57:08.340 The Entrepreneurial Web Radio: Cool. Alright, everybody. Have a great weekend. Stay safe. We'll see you next week. Peace out. Peace out.