I used to live in a small town in France - there were two bakeries - rather than compete they arranged days when one would be closed and the other open.
The two bakeries I kno have been open for in excess of 7 years in LT. Perhaps one will eventually be the stronger contender.
Also to factor in that you can open a business and keep it running for a year from $5,000 not counting the owners labor but including rent of premises.
In France , for any seaside town, a minimum of $30,000 would see you through the first year including rents, insurances, heating etc. etc.
So perhaps there are some under financed businesses started by gringos in areas of DR such as LT. Also some people just get bored and the sum of money involved is not that large. I think that happened to a German who used to have a bicycle selling savory snacks, quite good they were, round the bars of Sanchez. Soldl the bike, the cooking pots and returned to Germany?
Some years ago I was offered a seafront bar premises in Sosua for $40,000. Now I believe they are worth much more.
Anyone with bright idea, for example a Mongolian restaurant can test the market in the DR quite easily for low outlay.
The Mongolian Barbeque
pi2.
The two bakeries I kno have been open for in excess of 7 years in LT. Perhaps one will eventually be the stronger contender.
Also to factor in that you can open a business and keep it running for a year from $5,000 not counting the owners labor but including rent of premises.
In France , for any seaside town, a minimum of $30,000 would see you through the first year including rents, insurances, heating etc. etc.
So perhaps there are some under financed businesses started by gringos in areas of DR such as LT. Also some people just get bored and the sum of money involved is not that large. I think that happened to a German who used to have a bicycle selling savory snacks, quite good they were, round the bars of Sanchez. Soldl the bike, the cooking pots and returned to Germany?
Some years ago I was offered a seafront bar premises in Sosua for $40,000. Now I believe they are worth much more.
Anyone with bright idea, for example a Mongolian restaurant can test the market in the DR quite easily for low outlay.
The Mongolian Barbeque
pi2.
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