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Author Topic: Blackbeards- Sale Pending??  (Read 160 times)

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huskerdude

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Blackbeards- Sale Pending??
« on: July 06, 2020, 11:45:05 PM »
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  • Blackbeards has sales pending $1.3million

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    btls101

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    Re: Blackbeards- Sale Pending??
    « Reply #1 on: July 07, 2020, 06:32:10 PM »
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  • Fuck, i hope it doesn't sell, really love that place.
    It'l never be the same after new owners.

    Big boy

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    Re: Blackbeards- Sale Pending??
    « Reply #2 on: July 07, 2020, 08:13:31 PM »
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  • This is the same price that John has been listing at for at least two years.  He started at $2.5 million! 

    But let us stand back a bit and try to look at this objectively.  The asking price has been the same for two years and it has not sold, so the price is likely still too high.  The situation is now infinitely worse.  Covid-19, an appalling economic situation in DR with the peso dropping like a stone and now a new government that probably does not know which way is forward.  Would you invest a substantial chunk of change in Blackbeards right now?  Actually I would, but not $1.3 million.

    So I consider this Re-Max advertisement a gimmick to try to drum up a bit of interest.

    I still am in close touch with Mildre.  About two years ago when John dropped the price  that she told me two groups were reportedly interested.  1)  A group from Russia and 2) a group of Blackbeard's lovers.  The idea of Russians owning the place and turning it into a Viking or Blue Bay with Russian women flown in for short term stints was not popular among the chicas, the existing clients at Blackbeards nor the other employees art Blackbeards.

    The idea of Blackbeards' lovers taking over had its appeal, but I was told that, "they could not get their shit together" i.e. they could not agree on anything so the idea withered away.  I imagine some of you on this site had discussions about buying the place.

    The advertisement emphasizes 17.5% return on investment.  It sounds very good.  But I understand there are two sets of books.  A significant amount is spent on keeping the police (local, national and CESTUR) happy.  Ditto local and national politicians.  These expenditures are below the line i.e. come out of the profit shown above the line.

    Interesting times.

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    Re: Blackbeards- Sale Pending??
    « Reply #3 on: July 08, 2020, 01:00:32 AM »
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  • Like so many here, I too enjoy Blackbeards. Owning an establishment like BB's is tough enough as it is. Now that we're in a COVID world it has to be even more of a challenge. Y'all know they can't just "open" and be the same place you remember just a few months ago right? There's likely going to be mandatory distancing in all the common areas, not to mention the club upstairs, the hot tub, and naturally the bar/restaurant. Worst of all, a place like BB's would come under more stricter scrutiny because...ahem...because guys like to fuck girls without masks and gloves. Their entire business model is wrecked if the DR is committed to alleviating this pandemic. It's not like the streets of Sosua where the government can't stop p4p bursting at the seems in every nook and cranny. BB's is in a fixed location and enclosed in a community that frankly would rather not see guys like us there.  American visitors are already considered to be toxic in Europe due to the high COVID numbers. Just let some local Costumbar troll run his mouth about how he came down with the virus after having a beer at the bar and the whole place will get shut down...again. Fines and citations (bribes) for not social distancing or whatever nonsense the authorities can come up with.

    Nobody is talking about this right now but let's face facts: COVID-19 and a 19 yr old Dominican dime pieces working at BB's don't mix.

    With all of this in mind, if it were me as the current owner, I would do a serious gut check and perhaps take my losses and sell the place for pennies on the dollar. I would hate that outcome but at the end of the day business is business.

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    Re: Blackbeards- Sale Pending??
    « Reply #4 on: July 08, 2020, 09:10:40 AM »
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  • The idea of Owning Blackbeards sounds like a dream but also seems like a money pit.  What if they crack down more on prostitution.. it seems too uncertain and 2.5 million seems a lot to recoup.  I hope things stay the same I love that place.

    Howie Pheltersnatch

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    Re: Blackbeards- Sale Pending??
    « Reply #5 on: July 10, 2020, 04:08:53 PM »
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  • If it’s sold that might be my sign to expand my travels .  Always wanted to do Medellin mansion or Jaco in Costa Rica.   A sale of this place would probably force me to try some place new before going back to DR.

    I imagine if they are trying to get back open they have a really tough go of things in the near term no matter who is in charge.

    ralphie1

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    Re: Blackbeards- Sale Pending??
    « Reply #6 on: July 10, 2020, 04:54:52 PM »
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  • You are not allowed to view links. Register or Login
    If it’s sold that might be my sign to expand my travels .  Always wanted to do Medellin mansion or Jaco in Costa Rica.   A sale of this place would probably force me to try some place new before going back to DR.

    I imagine if they are trying to get back open they have a really tough go of things in the near term no matter who is in charge.
    i have no idea as to what is going on but mr. obvious here is gonna assume that getting bb opened up again and running like the past is part of the "pending"  thing.

    nobody is gonna put a million plus on the line to buy a closed whorehouse,  ergo, the pending sale.  just my humble opinion

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    Big boy

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    Re: Blackbeards- Sale Pending??
    « Reply #7 on: July 10, 2020, 11:07:09 PM »
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  • I agree with you, Ralphie.  Until there is more clarity as to how things will pan out I do not see anyone parting with $1.3 million.  Today the Italian Government banned flights to and from DR because of DR's high covid infection rate.  That means nothing as I am sure there were very few direct flights from Italy.  But if Germany Spain and UK do the same there goes the European trade.

    Westjet, the only scheduled airline from Canada flying to Puerto Plata, at the beginning of June announced it would restart its summer flights on 7 July with the usual three flights per week.  A few days before they were to begin flying they abruptly cancelled all flights, until 11 August, when the frequency was reduced to two flights per week. 

    It does not look good for the tourism industry right now.

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