Hi all, I'm new to this site, so please be patient with me.
My husband and I (currently living in the US) are looking to buy an existing restaurant in San Pedro. We do not intend to change anything around (if it isn't broken, don't fix it), but I was wondering if there are any ex pats on this site that have done the same thing and could provide some guidance.
Also, and this is for any ex pat business owner, could you please provide any information about the cost of hurricane insurance? Is it necessary? The current owner does not have it, but he's only had the business for 18 months. Were there any issues that you ran into as foreign business owners? Any additional, unexpected fees? Any issues with suppliers? Banks? Utilities? I'm still waiting on the Belize embassy to get back to me about licensing, registrations, taxes, employment restrictions, government actions/liens against the property (or at least give me some guidance as to where I can find those answers), etc., but any info that you could provide would be much appreciated.