Question 1 SkyBar (60 points} Below is an advertisement that came into Professor Fitch's email. He subscribes to a Costa Rican real estate company's feed, so this is a legitimate advertisement (question is at the end of the ad]. Highly rated and profitable turnkey business in Tamarindo Costa Rica (Barf Club). US$259.000 Live the Dream! This is truly an opportunity to own a slice of paradise... not only is this a viable and profitable business requiring limited management hours, this is also an upscale lifestyle income generator with all the entertainment and bragging rights.| Perfect for weddings, birthday parties, anniversaries and special occasions... a place to call your own. SkyBar is a highly rated and incredible bar destination in Tamarindo for drinking, flirting, meeting people, dancing and having an exceptional experience If you like the beach, sun, and entertainment, you can be living this dream in a paradise location of Costa Rica while having an income stream. You can work yourself or keep current management in place and receive a passive income stream, Imagine a place where you or your customers can celebrate like a celebrity! Not your ordinary beach bar or club, but a place where you can experience extraordinary style, design, good vibes and sensual drian. It is the one special place where customers want to return many times. We have made it a reality! SkyBar features state of the art design from an experienced Club designer, IT (Internet) and music infrastructure designed from experts in their field, upscale interior design, a VIP Penthouse area, a rooftop balcony under the starry sky, 2 penthouSe dance floors and a pole for the more Seductive dancers. In two years of operation, SkyBar has exceeded profit margins of $100,000+ with minimal to limited hands-on ownership/management. Return on Investment can be structured to generate profits without excessive volume and time commitment. SkyBor Tamarindo has quickly become the largest, most exclusive and sought after night club in the province of Guanacaste and is quickly becoming a major venue in all of Costa Rica. It has served as the recognizable backdrop for countless fashion and media shoots and most notably the featured nightclub of JetBLUE airlines commercial (2016). Securely structured with Management and a solidified formula protected from imitation, this is a true turnkey Lifestyle, Copyright Todd Fitch, All Rights Reserved Reside as a full or part-time and J" or seasonal local in Tamarindo or retain present Management. Operational ownership can be structured as a few hours nightly during peak times with the possibility of full-time promotions, operations and marketing for those seeking a greater level of hands-on management and increased profits. The Business is in the middle of the busiest Tamarindo section, the penthouse floor of an upscale building of Plaza Tamarindo with a long-term lease. The Venue has been appraised for $450,000 USD by ABC-Realtors. Asking price is $259,000 to facilitate a foster sale. Seller Financing (VTB) negotiable. Training of operations included in the sales price. [END OF AD] -------------------------------------------------------------------------------------------------------------------------- Professor Fitch is planning to run a bar when he retires, so this is an enticing possibility. He has not yet done any research into buying property in Costa Rica and has no previous experience running a business there. Given the information above, other than suggesting researching property buying and running a business, what advice would you give him? Do you see any red flags