12 years
Anyone? Just curious how much I should have to start something small not in Europe, north America, Australia, et cetera...
Can any one give me any kinds of numbers for start up costs for opening a smallish hostel (22 beds)... In an emerging market (Latin America, Philippines, et cetera)
Maybe rent, not buy...
I know it's tuff to say, but I'm just curious if I'm even close, (in terms of money)
Thanks
12 years
Anyone? Just curious how much I should have to start something small not in Europe, north America, Australia, et cetera...
12 years
It helps to be specific. If you say you want to open a hostel in South America, South American hostels are not likely to answer because then you might open in their town and become competition. :)
Check out the Hostel Marketplace which sometimes has property rental prices. Then consider costs like:
The Start a Hostel guide has some information about that...
12 years
If I'm leasing a place how much cash should I have on hand for rent?
Like if rent is 1000 should I have a years worth of rent? (12000) for starting.
I really just would like to know if I'm way far off with start up cash. Do I need 70,000$+ and up or will 20,000$ do? 30, 40, 10?
Thanks
12 years
I think you'll find it hard to get a reply as your question is far too broad. There are far too many variables to give any meaningful answer to the question. The only way yo find out would be to pick a location and then go there and liaise with various authorities estate agents and the like. If you are not a citizen of the country my prediction would be that it won't be cheap. Arranging residency would be hard enough.
12 years
Im aware I have a ton of things to figure out, I'd just hate to figure it all out after spending months researching only to find that my savings is far to small to actualy act. So I was hopping to geta shot in the dark broad estimate.
Thanks for any info, all
12 years
IN A SMALL city a flat, or apartment, in Russia many miles outside Moscow or St Petersburg (say 500 miles) sells for at least $40,000 for two rooms. (more in cities like Ryazan or Kazan.) you could get a four room for about $60-75,000 and then re-partition the walls for individual access- a lot of money for such redesign. some people just rent out 1 or 2 room flats for a night. $40 or so a night.
www.superhostel.ru
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