what does santo domingo need? specifically zona colonial area? looking to open a small business and wondering what people’s opinions are on what’s needed. Also has anyone bought and rented out apartments in zona colonial área ?
No offense but this is usually the worst way to start a business in DR. By asking other people what DR needs. Ask a dominican they will tell you the usual clothing stores, food or whatever else they "think" or heard makes "alot" of money which then you must remember what is "alot" to them maybe peanuts to you. Logic does not work here.
Ask a tourist they will say something else.
Never sell what they need, always sell what they want.
People will always buy what they want and beg for what they need.
Zona colonial is bad place for many businesses even dominican businesses have a hard time staying open. Quite a few american chains on el conde have came and went. The hole in the walls that stay open many own the building they are located in or have some sweetheart deal with the owners for cheap rent.
I have seen a couple nice airbnb off el conde but even then its alot of hotels in that area also competing not to mention who's going to manage it and all the headaches that come with el conde ie guest that want to bring back "guest" to your air bnb. Alot of headache for $30-$40 a night.