I counted 4 $ and that could very well be the truth. :classic:
If the yield on turnover was sufficient then there would not be such a high turnover (= fluctuation)
of owners / renters of the businesses in Las Terrenas.
donP
Many businesses have been going for years - for example two bakeries.
Of course it is relatively cheap to live in LT while ramping up the business. I noticed 1 br apartments etc. for 6,000, 8,000 pesos a month in central LT advertised in LT7. 8,000 is about $200 dollars a month. High expense on utilities is not required as a/c is only very rarely necessary. Food is very reasonably priced compared with the US.
I think there is already one poodle clipping parlour ( caring for other four legged friends too ) and no competition.
Fluctuation also on the South coast of England. Typically a couple reach 55-60 and pensions have not kicked in as they normally do at 65. The start a business with a portion of their savings and and run it till pensions are available then they sell the business, see the World etc. etc.
This makes for turnover of businesses.
Typically in France however pensions kick in at 50-55 and and pensioners well backed by pensions look for a ,hobby-business,. These businesses in France often carry on for years and different members of the extended family share in running the business. Many French abroard have strong links with France or the French islands and they like the French medical services etc. They are inclined to return to their roots and sell a business abroard after relatively few years having enjoyed a fantastic lifestyle in places like LT.
pi2
pi2