There's a new video on youtube (I would post it but I don't know how) of several minutes duration that shows Cuba Libre for sale at $45K US.
I found it by searching "Sosua."
B o D - Probationary - 8/31/2012
There's a new video on youtube (I would post it but I don't know how) of several minutes duration that shows Cuba Libre for sale at $45K US.
I found it by searching "Sosua."
Administrator
Originally Posted by Count
What do you get for 45K?
You want access to trip reports?
Google Wallet
JDRent97@gmail.com
THE NOTORIOUS JOEYSTERR
Administrator
Final reduction? From what price?
THE NOTORIOUS JOEYSTERR
from the video
LAST PRICE REDUCTION - $49,000
8 YEAR LEASE REMAINING
Banned
In the final seconds of the clip, it says "8 year lease remaining."
I'd venture $45k gets you the right to take over the lease, and the bar/ restaurant equipment only.
Administrator
Then if you are successful, the lease goes up tenfold.
Green since - 6/02/2010
If you don't live there can you really truly run it. For the life of me I don't know why these guys don't have a website or advertise on here. Word of mouth can make your business.
The internet can be your friend. I have spent a few G's in the DR over the last few months because of word of mouth. Money that I would have spent in Jamaica has gone to the DR just on the strength of this website and word of mouth.
Paid subscriber of I.S.O.C. & member of the Stash.
Fred had a website , its limited though, could use more pics, IMO.
http://www.cubalibre-dr.com/index.html
Green since - 6/02/2010
I didnt even know about his website never heard about it until recent reports.
Green since - 6/02/2010
He has some nice pictures on that sight.
BOD
Who's the blonde on the pole in the yellow in the gallery/wall of shame on Freds web site??
B o D - Probationary - 8/31/2012
It could use more pix because the pix there are great!! Fred certainly has an eye for talent!
Administrator
People go there for Fred, the next guy may not get a following.
Board of Director
it's on sale on CraigsList for 59K US as of a couple days ago
Moderator
You would have to be out of your mind to pay 45K and not even get the property included. Even if you got the land too I think 45K is too much.
Plus the place failed under FlamingoBernie first and I think someone else after that, so not exactly a winning location.
B o D - Probationary - 8/31/2012
If it was bought by a group of us, the risk would be shared....but you're probably right it makes no sense. It all depends on how you see the future of Sosua.
Senior Member
The only bad thing is your best customer would be yourself. But I won't lie, it could be an interesting challenge to take on.
Board of Director
When all you're buying is a business' lease, what you're really buying is it's clientele so the place had better be able to show you it's profitable enough for you to bother spending the money. Can Fred prove to you he's making any sort of profit, never mind a good amount? Doubt it. If he can't, save yourself the 45k and open up a spot already shuttered (plenty in Sosua) if you really want to do business there.
Bitch you wasn't with me shootin' in the gym ...
Monger
That facility has potential if someone were to really go in there with some energy and a strong vision. Maybe a low-cost alternative to Passions now that Peter is targeting the high-end crowd?
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Bookmarks