Hello, this is my first post as I just joined the forum.
I`m a Canadian male in my early 30s.
I`ve traveled in Argentina, Chile, Peru, Ecuador and Costa Rica looking for a future place I could possibly relocate to and start a business. For me I feel that Ecuador is the better place, cost wise as well as the safer feeling than in San Jose and Lima.
My business ideas are to open a small backpacker hostel. But I also have experience in restaurants. I have thought of opening a small bar, I know there is a good sum of money to be made of that but dealing with drunk idiots is a headache I`d like to avoid.
A hostel sounds like a good option because I could also live there, cutting the cost of renting. Any problem that happens, I`d be there to take care of it myself. I wouldn`t mind doing the cleaning, dirty work ect. And hiring a local hand would be appealing as well.
I`m aware that there is a high and low tourism season and am prepared to deal with this. Also it`s a competitive market.
Not sure if I would want to do this in Quito or Cuenca.
what I am sure of is that I would like to share this opportunity with another expat in Ecuador and split the costs.
So I am seeking advice, pros and cons, issues to consider, legalities, ect. And if I can find a partner that shares similar interests, please feel free to message me with any ideas.
thanks in advance.