Purchasing and running a business in the Caribbean is a dream for many. But there are also real factors to consider before moving forward with such an endeavor. At the same time, we also have clients who are looking to sell their business, but unsure of where to start. We're here to help!
Focusing on small businesses we are able to give real advice based on our experience in three major areas:
a) Purchasing, Selling, and Starting of a Business:
- including pricing, what to include in your contract for purchase or sell, business plan development and feasibility analysis, corporation set-up, licensing and legalities involved, marketing your business for sell, and all aspects of the transfer process.
b) Day to Day Business Operation:
- including the set up and review of operating systems, procedures, and protocols; revenue and expense tracking, including accounting and management of financials; marketing and communications; Honduran labor law and people-problem prevention programs; local business taxes, basic website development and promotion, business writing; and local hand-on knowledge on how to succeed in a small Caribbean island in a third world country!
c) Restaurant Specific Operation:
- including menu development, tracking, costing, and pricing; creation and maintenance of systems for purchasing, including inventory management and ordering locally and from the mainland; standard operating procedures for kitchen and front of house; staff training, and other items detailed in "b" above.