In the neverending pursuit of businesses to put money into outside of the porn industry I've been looking into two possibles:
1. Haircut shop franchsie, i.e., "Great Clips"
2. Neighborhood Laundromats
The Great Clips and Great Cuts haircut shops in my neighborhood (So Cal) see about 100 people a day, at an average ticket of $12. So monthly gross is over $30K, with rent/labor/franchise fee/advertising/etc taking about $15K of the $30K. Not huge by any means, but get five to ten shops going and the math gets attractive.
Only negative is the startup cost/time, which is about $125K and six months. Breakeven takes about a year to a year and half once the biz ramps up to the level mentioned above.
The Laundromat idea seems nice, quick, and dirty, especially because they're best in low income neighborhoods where rent is low. Labor is almost nonexistant if you want to be a little hands on, if not you hire someone to "manage" the day to day for less than $30K a year. To open the doors with a good assortment of machines costs about $30 to $50K, which means that initial costs are low.
Thoughts?
1. Haircut shop franchsie, i.e., "Great Clips"
2. Neighborhood Laundromats
The Great Clips and Great Cuts haircut shops in my neighborhood (So Cal) see about 100 people a day, at an average ticket of $12. So monthly gross is over $30K, with rent/labor/franchise fee/advertising/etc taking about $15K of the $30K. Not huge by any means, but get five to ten shops going and the math gets attractive.
Only negative is the startup cost/time, which is about $125K and six months. Breakeven takes about a year to a year and half once the biz ramps up to the level mentioned above.
The Laundromat idea seems nice, quick, and dirty, especially because they're best in low income neighborhoods where rent is low. Labor is almost nonexistant if you want to be a little hands on, if not you hire someone to "manage" the day to day for less than $30K a year. To open the doors with a good assortment of machines costs about $30 to $50K, which means that initial costs are low.
Thoughts?
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