Looking for a few ideas. If you had $100,000 to start an offline business, what would you do?
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Not interested in franchises, nor adult. I'm looking for ideas that will be future-proof. Food is one thing that won't go out of fashion or be replaced by technology I suppose.yesComment
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Future proof? Laundry mat with Vending Machines. Start buying a once in a lifetime priced gas station. Not future proof but very incentivized. Think convenience. Sell donuts. Coffee. Straws.. The richest people I know sell either tapestry or cleaners for said tapestries. For what it is worth. A profit exists in the messes among the masses. some food for thoughtComment
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$100k isn't a lot to start a new business with.
However for that amount you could start a
cafe - a real cafe with proper coffee and food in a hip area.
lawn mowing business/gardening business - don't laugh at this I know a guy with 3 subcontractors who does close to $1 million a year
car detailing business - mobile car detailing is a big business over here.Comment
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well if you want future proof do not base your business on selling anything you can find on amazon or in wallmart...or you will lose badly...
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Buy a "Blockbuster" store. I am sure its future proofed..
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Most businesses only cost 30 or 40 k to start, even less, but maybe a nightclub, although, with 100k, it could be a need for another few hundred grand to make the right scene
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Stay away from Night Clubs
Invested in a beautiful one Miami Beach, great location
500K write off...Never again
If you have a 100K to invest, do not put that all in upfront..Any new business needs time and SHIT Always happens , you will need cash in bank to ride the first 6 months if you are lucky
I sold my mainstream company in 2013 and , their is money in this space if you buy rightComment
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Real estateSupComment
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I would spend about 90k on the bricks and use the rest for the mortar.
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You should finance your business. Try to keep as much of you $100k as you can. You can also look into vendor financing, lots of business owners who are selling will finance some of the deal for you. Business costs $200k, you put $25k down out of your own pocket, you get 75k from the bank, then you make payments to the seller/previous-owner on $100k. There are lots of different financing options out there
Make sure you get a good commercial real estate agent/broker and a good lawyer.Comment
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If you have to come here to ask what you should do, how could you put enough passion into it to make it succeed? You should have an idea that's banging around in your head that you're in love with, and need to give birth to it through a business. Otherwise, you'll just be another one that closes soon after it opens.Comment
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And food can be fantastic business, so says the all knowing Peter Lynch. Whether food industry will be future proof though is another matter, it depends on your philosophy.
Mine says the industry will be good for at least the next decade but we might have major food price inflation post of that and it could make for challenging times in that industry.
Disagree. He is just open to the possibilities and is maximizing his chances by considering the views and ideas of others which is always a good move because there is nothing to lose by drawing on the brains and intellect of other entrepreneurs."In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George OrwellComment
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Thanks for the replies and discussion. I do have a specific idea, just looking for any other ideas out there.yesComment
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Good luck on the business then!
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Move to where pot is legal and start a 24hr pizza place. You'll make a million bucks if you offer weird toppings like apple sauce, pickles or crushed patato chips. If you go one step further and create a stupid one touch app and you'll be a billionaire within a year.
//Ps. Deliver the pizza using drones and you'll get national coverage plus a rumored $100k kick back from Google.officially retired as of March 01 2018 but still fucking around and getting into shit.Comment
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My official site / Custom vids / Make money links / First time girls
Email: [email protected] - "Converting traffic into income since 2005"Comment
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unless youre moving abroad 100k is niggler money in america. a low level franchise like pollo tropical requires like 1.5m assets and at least 250k liquid. once upon a time you could have a barebones 7-11 franchine for around 75k but no longer. as for subways, the east indians have a racket on that. for 100k you are left with low-level cell phone stores and suchComment
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invest in passive income
everything is fake
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You are asking this question on a board full of surfers. Most of these guys don't have two nickles to rub together.
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Find depressed properties and write options to buy them in 30 or 60 days. Assign the options to other investors for a larger premium than you paid or sell the options to final sale buyers. Most states do not regulate this type of instrument or transaction. Check this out with a local licensed atorney. Also, RE Agents are great birddogs -- they need deals as buyer's agents too.
You pay the owner $500 -$2,000 for the option -- that is your total risk. Once you nail a good one (make sure there is 25% or better equity in the paper (option) resell the option for more money. You have a highly leveraged instrument like $1.5K controlling $30K in gross property equity. So, turning $1K into $2K in days is very realistic -- finding the deals is the problem usually. Properties going to sale for taxes, properties in probate, properties in bankruptcy -- deal with the court referee, divorce settlements and taking options on divorce notes. Always act as a principal -- use your own money to write the options -- when acting as a principal you *usually* do not need a license.
This works best when markets are depressed -- don't worry you wont be waiting that long. You need to work in an active real estate market -- maybe a 100 mile (161km) radius. Nothing is stopping you from working with larger properties and writing an option at the $5K or $10K level either -- just stay diversified.Comment
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