Thinking about buying a bar in St. Thomas
My husband and I are thinking about buying a bar on the island. I have read this site from top to bottom and understand the cost of living, but want real people' s opinion of living in paradise. Are there many "local" bar's or do they all cater to the tourist industry?
St. John is getting something similar to what you seem to want. Here's the link to the newspaper. The article with photo is about half way down on the left. Good Luck.
We have found an existing one. We are still doing research, but it sounds like a nice place. Says it is a couple of blocks from the beach, but have not found out exactly which bar it is. We are in the process of discussing it with the listing agent! We are also looking at one in Myrtle Beach, but would really like the one on STT to work out!
We are coming the middle of August to check out the bar and the island. If it is not paradise, you can not tell it by the pictures. We live where the cost of living is very high now and the "manana" attitude is very prevalent, so based on the blogs, it would not be much different than where we are. The only thing that bothers me is the crime, although again, you have that everywhere.
I think most would agree that its a MUCH better idea to live here for a year or so and work in a bar before you try buying one. The success rate is not very good. And the problems you will come across here are not the same. And in doing anything in the island you need good contacts.
"...I think we have decided on the bar in Myrtle Beach. This site helped tremendously.....I appreciate everyone's honesty.
It looks beautiful, but not sure I want to live there based on a lot of comments on this site..."
Making business decisions based on comments on a discussion board is an interesting technique. Good Luck in Myrtle Beach!
The only decision that was made was to not spend time or money checking out STT based on so much negativity from people that are already there. The decison on which bar to buy is a calculated decision based on many variables. We just decided that STT was not a place we were interested in doing business........and thanks to sites like this we made that decision fairly quickly!