Recession proof, brick & mortar businessness- liquor store, hair cutting?

[clyde]

My Brother-in-law has 7 McD's stores in Indiana now, and believe me, you won't even get CLOSE to one for less than a Mil.

And One store...you starve to death. Two? You break even or make a bit, and that's IF your wife, kids, and every other bit of free help you can find mans them for you.

At 4-5 stores is when you start to cash in. And if you fail? Simple- you never hear of that because corporate takes them over, installs management, and runs them until they can find another dreamer to take a flyer, or pawns them off on an established guy.

McD's is a HARD business, mateys- but if you can last, it can be massive. Not for the weak hearted or undercapitalized, though

I don't get it. Is he starving or banking?

How much money does each store brings in each month on average? I know it's probably rude of me to ask but it'd be very helpful.

Thanks man.

 

[bcc423]

A strip club.

/thread

 

[galacon]

He's banking NOW, that's the point- and each store is different, but it's the aggregate amount that puts him over the top. I've never asked him what exactly he makes per store.

I do know up close and personal that in the early days, it was a struggle for them, even though everyone "thought" they were rich. He sunk every dime he didn't need to feed the family for a year into the store- I guess they looked OK on paper, but you can't eat paper.

No matter what, if you are going to open a B&M location of ANY kind, be prepared to NOT take a check for at least 6 months- a year of backup is better, and two is ideal!

That's from a guy who's had Three brick and mortar businesses- two of which failed due to undercaps. Don't go into it lean, or you will get burned.

 

[oldgym]

You're suggesting an ice cream truck and your uncle can't afford a freaking tire??? Not sure which one of you is more retarded

well, if you get ur ice cream bars from costco in bulk it comes out to about
10 cents per piece and you sell it for 75 cents in the truck.

thats a 65 cent profit! 600% profit margin is insane.

plus ice cream does not go bad, u freeze it till it sells. That is why
the baskin robins and cold stone creamery are easier to handle.

cant do that at MCD's!

 

[jeffrey]

Honestly, liquor stores or beer distributors in a college town = bank. A friend of mine owns a beer distributor in State College and does well over 60k a day on Saturdays during football games.

 

[dreamache]

epic scene. 6 feet under was awesome.

 

[Traska]

Sell to the middle/upper class and you will be okay.

 

[Unarmed Gunman]

Mini-storage - easy as fuck to run, very little overhead, maintain your internet empire from there, awesome rebill because people don't want to lose their shit.

Recession = people losing homes and needing to put shit in storage
Boom times = people buy too many toys and need somewhere to store them

 

[bizzykehl]

keep in mind that if you put that restaurant on wheels you speed up the roi by 11 years.

anything mobile is hot nowadays, im tellin ya all that you need to start
investing in mobile services...uh..or was it mobile communications??????

 

[papajohn56]

bahahahah. I won't be pissing in your drink at ASW (this is still out there ladies and gents)

 

[willcosys]

Mini-storage - easy as fuck to run, very little overhead, maintain your internet empire from there, awesome rebill because people don't want to lose their shit.

Recession = people losing homes and needing to put shit in storage
Boom times = people buy too many toys and need somewhere to store them

Beat me to it UG. The ultimate in a hands free recession proof business. Outsource the management and you're good to go.

 

[amateursurgeon]

He's banking NOW, that's the point- and each store is different, but it's the aggregate amount that puts him over the top. I've never asked him what exactly he makes per store.

I do know up close and personal that in the early days, it was a struggle for them, even though everyone "thought" they were rich. He sunk every dime he didn't need to feed the family for a year into the store- I guess they looked OK on paper, but you can't eat paper.

No matter what, if you are going to open a B&M location of ANY kind, be prepared to NOT take a check for at least 6 months- a year of backup is better, and two is ideal!

That's from a guy who's had Three brick and mortar businesses- two of which failed due to undercaps. Don't go into it lean, or you will get burned.

Don't go near food if you want an easy business.

Horrible hours, shitty customers, massive capital costs, regulation up the wazoo, huge competition who really know what they're doing, perishable stock.

Yeah, the guys with experience, grit and deep pockets make a fortune, but galacon's right, to really make a lot of money you need several restaurants = about $5MM in franchise fees + working capital.

Storage is a good one, same as car parking, because it's essentially about owning land. You don't need many staff, and you don't need to do a lot of customer service.


Your main capital cost will be the land, and if the business doesn't work out, you can sell it at a profit, as long as you buy at the right price.

Seriously, the more boring and unglamorous, the better. Digging holes in the ground for the local council to fill with rubbish is another good one, but depending on where you live you may find a certain Italian fraternal organisation not too happy about that one.

Actually, if I was going to go into food it would be coffee because the margins are so high (>97% Gross on a latte), and it's less perishable. But there's a lot of competition, so you'd really have to have a passion for it to make it work.

 

[TFLNetwork]

We just started a couple new b&m businesses. Love them. If you are going to make a b&m mortar by yourself (as in don't start a already franchised business)... make sure you start thinking about making YOUR business franchisable... = $$$$$

 

[johnjassa]

[ame=http://www.youtube.com/watch?v=OneCB0R6rpc]YouTube - (Oh) I Think They Like Me - Dem Franchize Boyz ft. Jermaine Dupri / Da Brat /Bow Wow [ HD ] +Lyrics[/ame]

 

[Unabomber]

Thanks for the replies.

Ice Cream Truck has got to be the best one by far..))

I'll start a fleet of them.

Business brokers Minnesota, Sunbelt Midwest, Expert Business Brokers, Minnesota, Wisconsin, Illinois

yea Subway sounds okay but they are already every good location where I'm from it seems like

Actually in THAILAND they are popping up (subways) and do good there with all the expats I think

 

[Rajuthan]

@opp

look into the pizza biz
avoid a franchise spend 6-8% of your own sales on local marketing and it will work out well.

Get connected with a grubhub for your city and your good to go with deliveries

 

[BlueYonder]

I see little counters being rented by gold merchants in established stores as they're buying gold from consumers who want cash in hand for their trinkets. They buy 14k at $6-$7 a gram, and resell it to the refiners for $20. Granny's brooch = big profits for them.

Some people are running gold buying parties where they bring people together to buy their gold on the spot. All you need for this kind of business is maybe $1,000 of cash in hand, a gold testing kit, a jewel scale and a cheap calculator.

 

[Unabomber]

So Entrepreneur.com ranks the top100 franchises

1 Subway
Submarine sandwiches & salads $84,300 - $258,300
2 McDonald's
Hamburgers, chicken, salads $1,057,200 - $1,885,000
3 7-Eleven Inc.
Convenience store $30,800 - $604,500
4 Hampton Inn/Hampton Inn & Suites
Mid-priced hotels $3,716,000 - $13,148,800
5 Supercuts
Hair salon $112,550 - $243,200
Request Info
6 H & R Block
Tax preparation & electronic filing $34,438 - $110,033
7 Dunkin' Donuts
Coffee, doughnuts, baked goods $358,200 - $1,980,300
8 Jani-King
Commercial cleaning $13,150 - $93,150
Request Info
9 Servpro
Insurance/disaster restoration & cleaning $127,300 - $174,700
10 ampm
Convenience store & gas station $1,786,929 - $7,596,688
11 Jan-Pro Franchising Int'l. Inc.
Commercial cleaning $3,145 - $50,405
Request Info
12 Kumon Math & Reading Centers
Supplemental education $36,538 - $145,250
Request Info
13 Stratus Building Solutions
Commercial cleaning $3,450 - $57,750
14 Miracle-Ear Inc.
Hearing instruments $122,500 - $570,000
15 Pizza Hut Inc.
Pizza, pasta, wings $302,000 - $2,149,000
16 Hardee's
Burgers, chicken, biscuits $1,182,000 - $1,583,500
17 Denny's Inc.
Full-service family restaurant $1,125,609 - $2,396,419
18 Jazzercise Inc.
Dance fitness classes $2,980 - $75,500
19 Matco Tools
Mechanics' tools & service equipment $79,926 - $188,556
20 The UPS Store/Mail Boxes Etc.
Postal, business & communications services $150,984 - $337,946
Request Info
21 Days Inn
Hotels $192,291 - $6,479,764
22 Sonic Drive In Restaurants
Drive-in restaurant $1,200,000 - $3,200,000
23 Midas
Auto repair & maintenance services $126,500 - $386,560
24 KFC Corp.
Chicken $1,309,900 - $2,471,000
25 Circle K
Convenience store $171,000 - $1,403,000
26 Papa John's Int'l. Inc.
Pizza $98,823 - $528,123
27 InterContinental Hotels Group
Hotels $5,135,940 - $93,855,035
28 Liberty Tax Service
Individual & online tax prep $56,800 - $69,900
Request Info
29 Instant Tax Service
Retail tax preparation & electronic filing $39,000 - $89,000
30 Vanguard Cleaning Systems
Commercial cleaning $8,200 - $38,100
31 ServiceMaster Clean
Comm'l./residential cleaning & disaster restoration $47,072 - $141,303
Request Info
32 Bonus Building Care
Commercial cleaning $9,020 - $41,919
33 Snap-on Tools
Professional tools & equipment $17,906 - $278,492
34 Ace Hardware Corp.
Hardware & home improvement store $238,500 - $566,250
Request Info
35 Cold Stone Creamery
Ice cream, Italian sorbet $292,525 - $440,275
36 Super 8
Hotels $163,070 - $3,135,924
37 Jiffy Lube Int'l. Inc.
Fast oil change $194,000 - $323,000
38 Merry Maids
Residential cleaning $52,550 - $70,450
39 Fantastic Sams Hair Salons
Full-service hair salon $115,000 - $228,600
40 Papa Murphy's
Take-&-bake pizza $195,655 - $380,225
41 The Maids
Residential cleaning $106,645 - $157,395
42 Aaron's Sales & Lease Ownership
Furniture, electronics, computer & appliance leasing & sales $233,870 - $607,580
43 Anytime Fitness
Fitness center $44,074 - $300,074
44 Sylvan Learning
Supplemental education $179,069 - $305,090
45 Taco Bell Corp.
Quick-service Mexican restaurant $1,324,300 - $2,465,500
46 Results! Travel
Travel agency $25 - $10,425
47 Baskin-Robbins USA Co.
Ice cream, frozen yogurt, frozen beverages $46,450 - $401,000
48 Edible Arrangements Int'l. Inc.
Floral-like designs from sculpted fresh fruit $146,856 - $260,604
49 Anago Cleaning Systems
Commercial cleaning $8,543 - $65,406
50 Auntie Anne's Hand-Rolled Soft Pretzels
Hand-rolled soft pretzels $197,875 - $439,100

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[pfgannon]

Banana stand. There's always money in the banana stand.

I see little counters being rented by gold merchants in established stores as they're buying gold from consumers who want cash in hand for their trinkets. They buy 14k at $6-$7 a gram, and resell it to the refiners for $20. Granny's brooch = big profits for them.

Some people are running gold buying parties where they bring people together to buy their gold on the spot. All you need for this kind of business is maybe $1,000 of cash in hand, a gold testing kit, a jewel scale and a cheap calculator.

+1 for gold. I like this idea a lot!

 

[amanda11]

A strip club that doubles as a whore house. Bonus: You can always run a meth lab in the basement - just ask the Hell Angels.