We are often asked, “How can I fund my life in Nicaragua?”
If you are not independently wealthy or ready for retirement a move to a third world country takes some ingenuity. Realistically speaking very few people would legally qualify to be able to work here. Even if you were not worried about taking a job away from a local the pay scale would not be encouraging. Local businesses pay $10 USD per day, which isn’t enough for most foreigners to even feed themselves let alone pay rent.
The most reasonable answer is to open or buy a business.
Opening a business in a country, climate and society you are not well versed in can be a challenge. It can also prove to be an expensive lesson. Without feet on the ground — finding a successful business for sale is difficult — as they are almost never advertised.
We have an opportunity that could be the answer.
Today we have a business that was struggling to stay open one year ago. Two new owners took over this fitness center and with very little investment and turned the business around.
Aside from the gym membership growing month over month, new revenue streams have been created. The original space is now sublet to four businesses that contribute to the profit. A Crossfit Club, an MMA Club, Boxing events promoter and a Motorcycle Rental company all share the space and cross promote the group of businesses.
One of the owners is looking forward to moving on to the next challenge. She owns 80% of the business and is offering her portion for less than 30K USD including all assets. The second partner is involved in two of the contributing businesses and is fully invested in the growth of this business.
This is a great opportunity especially for someone new to the community.
- Buy a business with a low entry barrier;
- Proven successful business model;
- Your revenue is diversified with other contributing businesses on site;
- 80% ownership means that in the end you call the shots;
- You have a partner with 5 years living in San Juan del Sur that owns successful businesses.