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Whst is a high margin low risk biz?

Discussion in 'Business Forum' started by lcarreau, Apr 12, 2006.

  1. Str8shootr

    Str8shootr

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    0
    Dec 13, 2004
    Indianapolis
    A commercial Real Estate Appraiser told me a couple of years ago that the most lucrative private investor properties to own are coin operated car washes and trailer parks.

    He said with the car washes, you have to empty the cash out of the machines everyday though just like a paper route.

    He has looked at lots of properties/incomes over the years.

    As for the trailer parks, you have to have a good-tough manager and lots of restrictions that you have to enforce. This keeps out the vermin.
     


  2. DBradD

    DBradD

    2,848
    0
    Apr 24, 2005
    Kentucky
    Does such a thing exist? I actually kinda doubt it. If it's a desirable low risk business, then adequate competition will exist to make it low margin.

    I like Str8Shooter's ideas except I doubt most people would consider car washes to be low risk. Most people finance them to death because they cost so much to start. They can be derailed easily by road construction, newer one going in next door, etc. I think I'd consider opening one of these, but only if I could do it with cash.

    DBD
     
  3. I believe self-storage places needs a very low occupancy rate to break-even. However, still a good amount of risk involved, similar to the car wash example already cited.

    I personally like real estate. There are just so many ways to make money.
     
  4. G36.45

    G36.45

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    Jan 30, 2002
    A strip club fits your requirements nicely.
     
  5. DaleGribble

    DaleGribble Sandwich!

    7,290
    427
    Mar 20, 2003
    Land of the toothless!
    I'll have to agree with the strip club idea. They're a guaranteed money maker if you have a little bit of common sense.

    I would imagine that insurance costs are high though!
     
  6. amd4me

    amd4me Coffee Snob

    332
    0
    Jun 23, 2006
    Santa FE NM
    Coffee
    Storage.
    Carwash.
    Shooting Range.
    Liquor store.
     
  7. Deanster

    Deanster Cheese? Millennium Member CLM

    6,737
    1,035
    Feb 24, 1999
    Drive-through Latte stand, at least anywhere on the Left Coast...
     
  8. Bluestone

    Bluestone

    53
    0
    Mar 28, 2006
    Car washes, and storage places, are not easy businesses. Large investment, lots of problems. But all businesses are troublesome.

    Try a service business: collection agency, accounting business, mfg. rep. for any product you like, sales (which is the highest paid business there is if you're willing to study it and learn.)
     
  9. tnoisaw

    tnoisaw

    96
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    Jul 28, 2006
    These are all over where I live in the Kalispell, Montana area.
     
  10. DriBak

    DriBak GUNS UP Millennium Member

    5,961
    0
    Jul 4, 1999
    West Texas
  11. shooter_55

    shooter_55 Old Guy

    233
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    Jan 29, 2007
    Northern Ohio

    Sad, but true,:rofl::rofl::rofl:
     
  12. mitchshrader

    mitchshrader Deceased

    8,672
    2
    Jun 14, 2005
    Tulsa
    running a string of call girls specializing in government officials.

    criminy i had no IDEA they paid so much, it's SILLY to ignore opportunity like that..

    and apparently it's covered under government health insurance too? i mean, a guy could start a franchise... Ma John's Escort Enterprise, Inc. I can think of several catchy phrases for slogans..
     
  13. If your city is growing in a particular direction...go beyond the pricey property and buy a likely piece of dirt. Set up a Golf Driving Range (low initial cost). All you want is the profit to cover the monthy payment, that's all. As the city gets closer, your dirt gets worth more money in a hurry. Then sell the property at the right margin & move the operation (you've already bought & paid for the equipment) further out along the same growth path. I have a pal in Houston who did it, the same thing, about seven times times and he's now my wealthy pal. I guess the same thing would work with a Gun Range, but the start-up costs & liability issues costs MUCH more. Good Luck!
     
  14. BullsEye10X

    BullsEye10X Semper Fidelis

    651
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    Nov 14, 2006
    Houston, TX
    I'd love to open a gun shop, but not sure if I could make it profitable enough right away to cover the overhead...
     
  15. A very wise (and experienced) Gunshop owner once told me...the way to end up with a small fortune in the retail gun business...is to start-out with a LARGE fortune.
     
  16. BullsEye10X

    BullsEye10X Semper Fidelis

    651
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    Nov 14, 2006
    Houston, TX
    :laughabove: How true! Most gun owners I know (myself included) are about the most market-wise group of folks around... Then again, I refuse to pay retail price for anything if I can help it :tongueout:
     
  17. Cody Jarrett

    Cody Jarrett

    3,647
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    Sep 14, 2006
    For any computer nerd... digital forensics examiner.

    Low overhead business... initial investment of about $10,000 in equipment, software and training. No office needed; work at client locations.
    High income... $125-$175 per hour.
    Market... Coporate crime, stalkers, harassers and sexual criminals. Most of the work comes from law firms.
     
  18. Broadside

    Broadside

    233
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    Jan 14, 2001
    Virginia
    I thought about this for a little while and what comes to mind (to me) is a quality, hand-made custom product.

    If you check with people who hand make wood grips and leather holsters, many of the top people have backlogs of several months or more.

    It would not have to be a firearms related product. I'm sure there are other examples of people hand making products with similar backlogs.

    The top gunsmiths don't seem to have any problem finding work. I would, however, be concerned with the risk. If you mess it up, you've bought it.