What would it be? You have to use all the money to start a profitable business, this must cover equipment, renting a storefront, inventory if needed, etc.
If you had $80,000 to start a business.....
What would it be? You have to use all the money to start a profitable business, this must cover equipment, renting a storefront, inventory if needed, etc.
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
An automotive performance shop ... or a strip club
If 80k was enough, I might open up a Subway. There are other types of stores that I'd rather open, but as far as something that I think would make money, I'd open up a Subway.Originally Posted by Mr. KiDD
Performance shops dont make any money.
No strip clubs, sorry, an 80k wouldnt cover a strip club.
Im thinking a Self Serve Car wash, low maintanence, right location, low overhead
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
A BANANA STAND! like the Bluth's
i would start a storage units, good location will get great money.
buddy i work with opened one for 65k, second month every unit was rented with at least a 3 month contract.
and a car wash like you said MR. KIDD
Fuck it, i would buy drugs in bulk and sell it....
Project 13B Comming soon to a street near you!!!!
franchising would be less risky
Franchising kills profit margins though. A less risky investment but more costly upfront and in the long run.
if i have a good profitable idea, why would i tell you? so you can yoink it..
Doubt a self serve carwash could be started for 80k. Almost have to buy the land and property for the building since it is specialty building. Most likely a 250k investment, but the money is pretty steady(depending on the location) just not huge amounts.
Leasing a building for a strip club, hiring the help, and outfitting the building might be possible for 80k but the legal bill would be much more because of the numerous ramifications and public outcry about another adult oriented venue. Porn store would be more realistic but would still have legal trouble. Once you get into these businesses you would be laughing all the way to the bank; they have huge profit margins if run correctly in almost any location.
Race track to drag on and/or drift on. Or... Badass huge offroading park, mud, rocks, jumps, hill climbs. Set it up in kennesaw/canton. Make it where you could bring 4 wheelers, dirt bikes. Pay per vehicle or per person. I would make money. Have a garage there with high prices to fix shit on the spot or pay to use the shop by the hour. Gas station at the front for gas and snacks. T shirts, all that shit. I guarentee it would make money.
Honda RC51 SP1
Yoshi RS-3 Cans
520 Conversion
Clip Ons
Race Tech Fork Kit
I have a friend who started 5 years ago with 5k and a lawnmower, now he makes @ 200k year and he drives around in a jacked up F250 inspecting jobsites for quotes, and checked on his toys which are being built/modded around Atlanta.
I also know a guy who started delivering wheels and tires around Atlanta... he's still doing this plus some. Currier Service makes @125k to 175k yearly
automotive sucks... unless you can sit on a dyno all day, overbooked, and tune cars.
Subway doesn't make that much, that's why most of the owners have 4 or 5 stores. All the really busy stores are corp. I use to work for Singleton Food Services, who owns 7 Subway stores.
Car wash isn't too bad of an idea... this local family owns a nice car wash right off the highway. Also owns a few buildings on the same property which are rented. (one of them is Subway & even Cingular). They also own a workout studio and the rooms are rented out to yoga classes, dance classes, cheerleader squads, and even family reunions. They are doing well... all the kids are in college and each drive a 'Benz.
There was a thread I read on a guy just starting up a carwash and he spent around hundreds of thousands when everything was said and done.
If it were me, I'd buy some GOOG when it gets down to the low 400's.
Body Shop
thats what i am planning on doin with my Bro when we finish school
Val for President
$80k......... do like I did start a roofing business. Someone's always gonna need a roof done. Hell right at $5k is enuff to start with, and that covers everything you need(besides the help)
I would recommend franchising. But as a sole proprietorship, I recomment saving more and opening a liquor shop. The most expensive part would be the inventory. Car wash is also a great idea, anything that is and will be in demand is a good idea.
all car related: shops, tracks, etc ... don't make enough money for the investment.
event promotions is where it is at... large car events, club events, etc... w/ the right connections you can easily turn the 80k investment into 120k the first year; which isn't bad b/c most businesses take on huge debt/losses their first years in business.
mike you can buy IA and TFS for way cheaper then 80k - lol
HAHA
im really leaning towards this car wash with like a private parking lot for the kills forum guys
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
Restaurant exhuast cleaning. Its dirty, wet, and mostly night work. My old boss had several cleaning crews (I did maintenance and repair) each crew did 3 jobs a night and averaged $200-$300 per job
You need
Truck with a ladder rack
extension ladder
step ladder
trailer with a steam cleaner and long enough hoses to reach the roof
degreaser and a sprayer
plastic sheeting
stainless steel cleaner
rags
i say move to a heavily white area and open a tanning bed place
Remember a car wash is seasonal. There will be many days when you wont be doing anything or making any money plus for 80k, you cant get much. If you are trying to buy a place, own the land and have all of the bays with maybe a car wash at the end, that will cost you about 200k at the minimum. You can put 80k down but when I was looking, it was an 200-420k investment.
I have an idea that would make you money. Goto China or Korea and meet with someone and become a US distributor for that product. Perhaps a speaker line, tire line or audio line. This is how many of companies got their start in the US. Just an idea.
Loan shark.
Automated car washes (with the drive thru wash) cost a lot of money to start up. The machines alone cost more than $80,000.00. Not to mention all of the environmental codes and regulations to follow with disposing of all the soapy water, hazardous liquids, etc. Lawyers to write up disclaimers for damage to property/vehicles, workers comp, overhead (rent/lease/own property, salary, electricity, water bill, soaps/chemicals), great property location and insurance.
It's not as cut and dry as some people think.
you could do hardcore porno. I volunteer to be an actor as long as you find some hot girls
The performance shop life is a struggle, it's kinda like racing...to make a fortune you have to start with an even bigger fortune. Tremendous overhead, insurance, etc. and you've seen and heard on IA alone some of the things shop owners and manageers have to deal with on a day to day basis...it's not pretty.
With $80k i'd say a Subway would be a struggle...with that not being you're sole job you'll have to pay for a manager & employees, etc. plus the lease and initial buildout, franchise fee's, typical operating costs and overhead, etc. Not saying it's not possible but may want a LLP setup with a couple partners (even though thats a wholeeee new ballgame of issues and potential problems)
The car wash is good...i can't help to think about the movie car wash right nowand the storage building idea is great too (with much lower operating cost) extremely good profit margin but intial cost is high, property and buildout, etc. No way a good location can be done for that amount of money...so back to the partnership.
I have a business planned out for 1/10th of that (minus the vehicle i would LIKE to have for it) with low overhead and operating costs with a great return...i've just been taking my time collecting that $5-8k worth of equipment i need. No, it's not photography either...but the photography thing isn't helping achieve this goal, grrr...priorities, those damn priorities.
$80k wouldn't even pay for the insurance
this storage thing sounds intriguing.
i myself have the money, i can get more if needed.
i was also thinking about emissions place
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
exactly....but add another $250k and you can offer emmisions testing and year round hand car washes.
I looked into mobil auto detail and even minor autotive repair/maintainence, get in with a couple office buildings for $20-25 just for a handwash and vacuum to well over $100-200 for a full detail. Add on an oil change for $20-30 and they don't have to take the time to do it themselves ;-)
That's sortof like another i've been interested in: we know what people are willing to pay for rare, uncommon, and quality car parts and we all know how much you can save buying it from across the pond. A container can be shipped for $1200 full of those parts,you could go over spending a week or two hand selecting everything, with a return of at least double the investment....do it again and again.
$1,000 for flight roundtrip, shipping $800-1200, depending on size, plus dock fees (the crane man gets a tip). Then you have to have a truck to pickup and deliver container. Three or 4 front clips for next to nothing, several sets of wheels and random and misc. parts, etc... With someone already owning a shop and already having the customer base built i personally think it's stupid not to do it.
$250k investment on the emmisions. You want a location as close to a DMV or drivers license center as possible. Look into counties that do no have emmisions yet but are in the books for the near future...BUT they've been saying "next year" for the past 3 years in Hall County, 55,000 registered vehicles there...that may include trailers but not possible...kinda hard to do emmisions testing on them
As for a location, like i said as close to a drivers license center as possible, maybe a gas station with an abandoned car wash...they break ALOT with a high overhead and rarely get fixed....but i think the major issue is they're not willing to spend the money on routine upkeep. Anyways, you find one of those abandoned car washes and setup emmisions there...simply leasing the building. It's not doing anything anyways but taking up space and you're bringing them customers each time someone comes for emmisions...so negotiating a fair lease price should be easy
As for the equipment, $25 each car and i think $7 goes to the state. You can lease the equipment for another $7-8 or so. That's $25 minus about 15...ugh.
I am finishing my paperwork for a mobile detailing business! So excitied......
If I had $80K to use though.......
Real Estate, Real Esate, Real Estate.......
$80K will go a long way with a good commercial building DP. Make sure to fill with business tennants and run with it. Use the $$ you charge for rent, invest in another venture.....
Hey Mike, wanna loan me $60k with a guaranteed ROI of 20%
Open an alcohol convenience store in a low income neighborhood. Make sure you have bullet proof windows for late nite hours, and a good life insurance. However the return is great in relation to the risks involve. You can always hire someone and pay them minumum wages if you worry so much.
invest overseas... there is tons of opportunities outside of the U.S.
'07 Scion tC
'04 B15 - Sold
Thats what i would do, you make bigger profits>You might ahve to sit on some properties for a while.
I would look in to buying a few house and set them up for section 8, i know that sounds bad BUT, the state pays you monthly on time and they do all the up keep too your house and repair any damage the tenant cause.
I have looked into buying some house and doing that, the profits are great,when you go to sell the house you get what u invested plus equity.
^^^^ I watch FLIP THAT HOUSE and it seems way to easy to make money like they are doing
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
No shit, i love that show.Man they make some serious profits. I wonder if there lying tough?
I tell my wife all the time i want to do that, maybe next year i might try it once and see how i do.
that team of brothers in Texas is cutthroat! i love those guys. wife is pretty hot too
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
I was gonna say emissions.
Get a place like an old abandoned bank or something.
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