Convince me not to buy beachfront parcels I found on the Long Island of the Bahamas, open a bar, and then slowly expand out with hotel rooms, a grass airstrip (eventually paved) with tiedowns for general aviation, eventually restaurants, and someday become a resort with a couple Cessna Caravans ferrying people from the US Southeast for cheap. I ran the math. Based on the Bahaman government's hotel occupancy data, it seems like a no brainer. What am I missing?
-t. never gone to the Bahamas, just the gulf coast of Mexico
you won't make money because everyone who lives there is broke as shit
any construction will be slow and poor quality, locals will charge you out the ass for shitty work and try to israelite you at every turn
>bring in a team of well-trusted Americans that are of varying skillsets that already have proven themselves on larger sized company jobsets
>fly them to the Bahamas for X number of weeks busting ass, Y number of weeks free vacation in the finished rooms if they meet expectations
>repeat each expansion
>????
profit
Those americans gonna grab materials for you from trusted suppliers? Gonna get a cargo ship for all your materials to avoid locals israeliteing you?
These are literally the dumbest objections I can think of.
>brushing off logistic and construction cost concerns as 'dumb'
Constantly surprised by the type of morons thay show up on this board. You're gunna lose all your Daddy's money.
looks like your mind is set on it and you have the money, why don't you just get started instead of seeking validation from 4chedditors?
Import Mexicans to whip the Guatemalans
If you had ever built anything more complicated than Lego set you would know how moronic you sound. SighSee still full of losers day dreaming as per usual.
There are so many half built houses of unfinished projects like yours around the Mediterraneans, especially Spain and Greece. If that's similar in the Bahamas then don't bother, you just gonna be another failure.
They do that to cheat their taxes
The first thing you need to figure out is how to tap into the tourist population that's already there once you have your bar built. I.E. build it in the boonies and not even offer a bullshit boat tour that stops by? Sure fire way to starve. If you had access to social media prostitutes to give you a visibility boost you might be able to attract a few bursts of tourists (if you get promoted at the right time of the right season) but unless your bar is sitting next to Captain Morgan's mumified penis tied up to a palm tree, the flux will dry out quickly unless it's already on a beaten path or you have a cheap way to scam/ferry them into visiting you.
Good luck getting the $75M in seed money
Being Bahamian, or having Bahamian connections who can get your shit green-lighted by the authorities.
In any case, the world doesn't need any more fricking beach vacation resorts.
There's no road access and you'll be killed by black people when they learn you have money
You are missing the critical fact that 75% of those hotel occupants don't actually exist, and that the hotels are being used to churn funds for money laundering, unless they are a big popular resort.
Tell you a better plan.
Buy a gun and blow your brains out, stupid boomer.
I will not discourage you from doing this. If you have the capital and the desire, go for it.
That said, official occupancy statistics may or may not bear any resemblance to YOUR hotel occupancy rates. If you end up with fixed expenses like mortgages or servicing other debts, you’re going to have to keep paying them even during months when nobody is staying at your place. And even when occupancy rates are high, you’re looking at a relatively low profit margin (very successful hotels are lucky to hit 15%, smaller ones a consistent third of that, and even that won’t be sustained year-round).
Your private airstrip concept is also both intriguing and potentially problematic—are you specifically courting the drug trafficker market? They and the authorities will be very interested.
Anyhow, go for it. I think you will probably go broke, but at least you’ll go broke on a beautiful beach.
Oh, and duhh, it’s not a simple matter to open an international airport. You’ll need facilities for immigration and customs clearance if you intend to fly people to your resort from the US. I have absolutely no idea what that would entail, either legally or financially, and am sure it can be done, but I am also sure it won’t be easy or cheap.