Thread: Blackbeards Resort
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06-28-15 03:38 #149
Posts: 409Originally Posted by Manny51 [View Original Post]
I'm guessing the sales price would include the land, hotel, furniture, inventory, etc. For a hotel with quite a bit of amenities (pool, restaurant, bar) and its size, I'm lowballing all the "hard assets" at US $900,000. Again, not an expert in DR real estate, so that's just a guess.
That'd leave a business value at US $1,550,000. Normally businesses are sold between 2 and 3 times their annual revenue. Not an expert in the hospitality industry either, so I'm guessing a 2. 5 multiple, which would be fair for an established business that's still in its prime.
That means the business has to have an annual revenue of US $620,000 - break that down to 365 days per year, equals to US $1,698.63 daily. Lowballing an average daily room plus food and drinks sold at US $80, the place has to have a minimum of 22 guests per day, to justify the sales price. (I'm pretty sure they make more than $80 per guest per day, the guys there are captive and spend loads on alcohol. Also BB might take a cut from the chicas' take?
So I think while US $2. 5 million sounds like a lot for a business in DR, it can make sense. The previous owner may be doing some seller-financing, allowing the buyer to pay back a portion in installments. Assuming the seller bought the place a while back at a much lower price, he may have recouped all his investment from the buyer's down payment, and then the monthly installment the buyer pays him back is nice gravy.
How many rooms does the place have? Generally on any given day how many are filled?
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06-28-15 03:37 #148
Posts: 3359Latin American Economics 101:
1) You think your business is "worth" $2. 5 million BUT.
2) You know no one HAS $2. 5 million SO.
3) You make an agreement with someone who has $25 thousand and agrees to pay the rest over time while giving you a share of the profits in the meantime, THEN.
4) This asshole lies about the profits, and refuses to give you agreed-upon profit share anyway, BECAUSE.
5) You lied to him in the first place about how much money you were making and how much money you owed suppliers, repair people, and so forth (contractors' liens), THUS.
6) The business goes downhill due to infighting, deferred maintenance, supplier problems, etc. , HENCE.
7) The business closes down due to lack of supplies, licensing issues, failure to bribe the right people, etc. , and EVENTUALLY.
8) The original seller regains the business after a protracted legal battle, by which time the property is in way worse condition, the clientele has been lost, etc. , and FINALLY.
9) The original and now again owner finally DIES and the business gets tied up in a protracted pissing contest among all his legitimate and illegitimate offspring, WHEREAS.
10) It again remains vacant, deteriorates, etc. , until no value is left and the government, lawyers, greedy relatives, and corrupt police have extirpated all possible liquid value.
Any questions?
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06-28-15 00:52 #147
Posts: 957Originally Posted by Doker44 [View Original Post]
I just hope that he has enough money to fix the showers. The biggest problem there has always been the plumbing and reliability of tap water.
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06-28-15 00:49 #146
Posts: 957Originally Posted by Radpoker [View Original Post]
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06-27-15 22:47 #145
Posts: 44Tim the new owner?
If Tim is the new owner wow. Where does the night manager get 2. 5 million? Maybe John gave it to him. LOL.
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06-27-15 12:13 #144
Posts: 216Originally Posted by Lou32 [View Original Post]
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06-27-15 04:23 #143
Posts: 384Originally Posted by HuskerDude [View Original Post]
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06-27-15 02:44 #142
Posts: 384Originally Posted by StrawBoy [View Original Post]
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06-27-15 02:40 #141
Posts: 430Is the sale final?
I've never even seen the current owner.
He's been absent for a long time. I think he is recuperating in Florida, right?
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06-27-15 01:30 #140
Posts: 216Originally Posted by StrawBoy [View Original Post]
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06-26-15 20:24 #139
Posts: 71BB is for sale?
I heard BB is for sale for about 110 million pesos. I heard it from a chica working at BB. Not sure it is true. But it is not entirely shocking as the current owner is clearly absent for quite a while.
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06-22-15 19:17 #138
Posts: 5Bliadun, TwoSticks99, thanks for the information. I look forward to getting blown by a Dominican honey.
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06-20-15 21:20 #137
Posts: 14Blackbeards
Originally Posted by CuningLinguist [View Original Post]
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06-20-15 12:35 #136
Posts: 319RD $500 only applies if you do not come and only for jacuzzi.
If you do come, you'll pay RD $1800.
Originally Posted by CuningLinguist [View Original Post]
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06-19-15 16:39 #135
Posts: 5Originally Posted by JjBee62 [View Original Post]
Thanks for the information!