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Discussion forum for expats moving to or living in Costa Rica.

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Help

Post Posted: Wed Jan 04, 2006 4:44 am

I have a dream of running a surfing lodge. My plan would be to own a property near the beach which caters for European surfers mainly. Has anyone done anything like this?? Any comments would be great

 

Themonkeys
Newbie
Newbie
 
 
  
Re: Help - Surfing Lodge

Post Posted: Wed Jan 04, 2006 11:17 pm

Classic business in Costa Rica, it's been done many times. The important thing is being able to stand all the hard work and tough environment.

I mean your out early catching waves, then tending to your business making money hand over fist, then out to the water for afternoon sessions, then back to town for all the night life. A tough job but someone has to do it, right!

Just kidding (kind of), but many people have done this and been successful. The projections for 2005 showed 1.6 million tourists visiting and about 250,000 of those were surfers.

You will have two main decisions to make:
- Set up in an established area like Tamarindo, Jaco or Dominical. This has the obvious advantage of more visitors, but also you need a bigger budget. Or set up in a good surf spot that is less developed like Pavones or Puerto Viejo, where the reverse is true.

- Buy an existing business or build your own. This again could depend on your budget. Buying a business means that your licenses are in place, but you have to take certain precautions so you don't get stuck with liabilities of the previous owners. Building your own may work out better, and you get to make it exactly as you want but you have to go through all the red tape.


_________________

Russ Martin
American European Real Estate Costa Rica
www.american-european.net

 

AE_Russ
Frequent Poster
Frequent Poster
 
 
  
Re: Help

Post Posted: Fri Jan 06, 2006 4:18 pm

Thanks. When I check out the costs of Surf holidays they seem very expensive and as you say this sort of business makes money hand over fist. I like the idea of setting up in a more remote place and making it more 'affordable'. In my head I see my home and about 10 cabins set in a remote location. Will have up to 80k GB£ plus a yearly income of 15k GB£. From the limited reasearch I have done I recon I could "live my dream"???? Am I being too optimistic??

 

Themonkeys
Newbie
Newbie
 
 
  
Re: Help

Post Posted: Fri Jan 06, 2006 10:03 pm

Yes I think you are being realistic. In a boom town like Tamarindo or Jaco you might be underfunded. But in a less developed place you should have enough capital to get underway. With your yearly income you have plenty to live on and to promote your business.

You should look at Puerto Viejo and points south as Europeans are much more likely to go there than Americans and there is a fairly strong ecologically minded community. Get in touch with Caribe Sur Real Esate for information.
www.caribesur-realestate.com

Another area would be the southern Nicoya Peninsula. Beaches like Santa Teresa, Coyote and San Miguel have good surf and are developing but not crowded as yet.

You have a lot of research to make it all come true, but I think you are on the right track. Good Luck!
e


_________________

Russ Martin
American European Real Estate Costa Rica
www.american-european.net

 

AE_Russ
Frequent Poster
Frequent Poster
 
 
  
Re: Help

Post Posted: Thu Jan 26, 2006 10:18 pm

Just to update, the people from Caribe Sur joined our group.

Get in touch with Caribe Sur Real Esate for information.
www.caribesur-realestate.com



I just got back from this area and you can by a 5000 m2 subdivided lot on the beach for $20 per square meter. You can develop up to 40% in a residential style, but it seems that your house and guest bungalows would be OK.

This is property within a wildlife reserve, but it is titled. You can develop it under certain restrictions, but along the beach the main restriction is not cutting any large growth trees.

I have my eye on getting some people together to buy an undeveloped plot. These are farms of 4 + hectares that have rotting cacao plantations. You clean out the cacao, leave the large trees and then you can subdivide and resell undeveloped lots or you can build. The asking price runs $10 per m2 along the beach. It seems like a very interesting opportunity and I believe this area is poised for development in the near future.


_________________

Russ Martin
American European Real Estate Costa Rica
www.american-european.net

 

AE_Russ
Frequent Poster
Frequent Poster
 
 
  
Re: Help

Post Posted: Sat Jan 28, 2006 5:10 am

Russ, I owe you a steak dinner and I belive by the end of February I expect to deliver. I am planning my itinerary for Costa Rica. Flights have almost double since I checked in December. I am going to need your help since my trip can be only for seven days and I need to check places to live, business opportunity and tourist attractions. If you know of any one or more that can fit the bill I would appreciated it. This trip will be primarily to determine if this something my wife and I want to do. I know that it will take many more trips to determine posible business opportunities and places to live. I think I have real all the post and I have been glancing at some of the books on Costa Rica and I am going to sort out places that I believe will interest us. I definetely would be interested in seeing the former cocoa farm you mentioned in another post. Thanks for the help.

 

Perfecto
Newbie
Newbie
 
 
  
Re: Help

Post Posted: Tue Jan 31, 2006 3:39 am

First, the cacao farm is I think a good investment and my idea would be to get a group together to be partners in the purchase of one. However, it needs a lot of work at this point and is only in the "brainstorming" category. I have to make some serious calculations and research the idea a lot more, but I will keep you posted.

Second, no need for any steak dinner! I am happy to help people and offer information about my adopted country. Plus, answering these posts helps me perform better in my job with the American European realtors.

Finally, for those reading, I am offering Perfecto a personalized consultation and guided tour prior to and during his visit. You may contact me directly by email (or PM here) for details. The idea is to make the most out of the time he has here and to determine prior to the visit what locations would be most suitable for his needs.


_________________

Russ Martin
American European Real Estate Costa Rica
www.american-european.net

 

AE_Russ
Frequent Poster
Frequent Poster
 
 
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