I am not sure I follow this conversation anymore....(especially last 2 posts.....).
- Thread starter potus
- Start date
BUSINESS IDEA FOR SANTO DOMINGO!
I am not sure I follow this conversation anymore....(especially last 2 posts.....).
Well....it honestly does not matter a whole lot........either way is fine.....but, nothing funky.
Regarding a laundry shop, it just may assist some expatriates in wearing clean, pressed clothes out to dinner for a change. What a novel idea. For an added clientele, I do not know of too many doctors, lawyers, and university professors who have the free time or desire to wash and iron their own clothes.
I wouldn't do a retail outlet. Spendy, and parking is always an issue. Do a light industrial where pretty and parking aren't issues and have pick-up & delivery at both residences and businesses.
...and the owner wants it back all of a sudden once he sees the business is profitable, wanna bet?
The tenant laws of the DR largely prevent this, especially if you structure an iron-clad lease....and the owner wants it back all of a sudden once he sees the business is profitable, wanna bet?
It is very common in the states to have a land lease for 20 or 30 years. Often hotel chains do precisely this for the same reason I suggest: preservation of capital. Fact is you'd depreciate the building to zero in 10-15 years anyway.
Most of them take them to the dry cleaners, and those are all over the place.
A place where they wash and press clothes would do pretty well IMHO, but only if the price is right.
Another thing I think would do well here is pincho stands. 4-5 chunks of BBQ pork with a piece of bread on the top for 100 pesos.
One wouldn't be worth it, but have a bunch of them spread all over the city at night near discos and night spots and you'd make money.
They're a national treasure in PR.
JD, you said it all in one idea...100 pesos.
produce and sell something everybody can afford to buy, so you are not reliant upon one economic class. i have seen a lot of gringos opening high end restaurants, selling expensive dishes, and they fail from lack of clientele..
Hey man whats going on? Im new on here but seen your post and thought id reply. Foremost im a 42 year old American and although im presently in Florida, i have lived and conducted business throughout the Caribbean and Central America for the past 10 years. Anyhow, i believe i will be relocating to DR in the very near future and have a unique and proven business model for the area. I dont want post it publicly but pm or email me and we can start a dialogue. Calm Seas, Fair Winds and Safe Harbor.
Hello there,
Russell here.
SUpplements are a good businessin zones where there wealthy people. I see them in Malls and supermarkets. But seldom see people buying. $LIFE is an American Multi-Level Marketing Company (Pyramid) and push supplements. Questionable results.
Illegal in Canada. Other supplement companies are ready willing and able to sell their products in RD at rock bottom prices.
But whatever you do invest in ensure you have a ''proven market'' , ''good Management'' and your money should be safe.
Do nothing out of emotion ;like''I always wanted to do this''.
The AibBnB is a good choice if you are organized. It brings in outside revenue and the World is your market. Even though you are located in RD. But, that is all a matter of opinion. Some pros and some cons.
There is nothing wrong with working a 16 hour day if you have the energy and youth to do it.
Just my 2pesos worth. I live in RD and Canada.
Russell
Russell here.
SUpplements are a good businessin zones where there wealthy people. I see them in Malls and supermarkets. But seldom see people buying. $LIFE is an American Multi-Level Marketing Company (Pyramid) and push supplements. Questionable results.
Illegal in Canada. Other supplement companies are ready willing and able to sell their products in RD at rock bottom prices.
But whatever you do invest in ensure you have a ''proven market'' , ''good Management'' and your money should be safe.
Do nothing out of emotion ;like''I always wanted to do this''.
The AibBnB is a good choice if you are organized. It brings in outside revenue and the World is your market. Even though you are located in RD. But, that is all a matter of opinion. Some pros and some cons.
There is nothing wrong with working a 16 hour day if you have the energy and youth to do it.
Just my 2pesos worth. I live in RD and Canada.
Russell
Hey man whats going on? Im new on here but seen your post and thought id reply. Foremost im a 42 year old American and although im presently in Florida, i have lived and conducted business throughout the Caribbean and Central America for the past 10 years. Anyhow, i believe i will be relocating to DR in the very near future and have a unique and proven business model for the area. I dont want post it publicly but pm or email me and we can start a dialogue. Calm Seas, Fair Winds and Safe Harbor.
Everywhere is right. Lots of them are pretty new. Some of them are stand alone in Malls,
Those are the ones who sign contracts and have to stick it out for at least a year.
I've also seen them in remodeled carports of houses, and as a side business in other business. In other words, not making enough to pay the rent.
I never see people in any of them either.
I'd guess a lot of people get theirs from Amazon. Cheaper even with shipping (If they have Prime) and you get it delivered to your door.
Thank you very much....great food for thought here.....Some folks tend to feel mstrong about investment into apartments. I seem to agree with it........Anyone got any experience with an AIRBNB?
I am in Luperon -el campo and there is an Air BnB next to my house. She does well and has a local do the cleaning and Management. Several others near by and they are doing well too. Usually booked solid for all winter months by Foreign Clients.
I talk with another friend who has a BnB and she says it more than pays for their investment.
I am thinking of setting up my place as an AirBnB next year. With a total of 7 bedrooms and 4 1/2 baths it could do well.
Complete with Live in Maid service.
Just make sure they never forget you as a good experience and not a bad one.
Russell