Any small franchise for 30-40k in Canada?
 

Any small franchise for 30-40k in Canada? I am looking for something could generate 1.5k+ a month if possible. Trying to think of a way to generate stable income to pay bills rather than working for others. I need some guidance...

I'm surprised you aren't rich off your blogspot sites

blogging cant make much these days... im thinking of buying an existing small business...preferably retail related...

sell some burgers , people need to eat every day

Franchises are a lot of hard work for little reward usually. Do you have $30,000 laying around or do you require a loan? Even if you purchase a franchise they usually require much more money to be liquid for operational expenses.

You can try to buy a very small store (online/offline).

I would go for those unattended coin operated businesses (i.e. laundromat, vending machines, etc) instead of a traditional franchise if I only had $30k to $40K to invest.

I have about 30-40k cash to invest... Im currently in the rat race, im not sure if i want to work for the rest of my life... i could save up more n quit later, but i dont see any point staying in the corporate world.

The lower the risk the better, im not into making big bucks, just need to find an exisiting business that could pay my bills and build a little of saving...

Landromat sounds good to me... I wonder if I could borrow money from the bank to finance a landromat... trying to minimiz my cash outlay...

Would you be interested in being a hands off partner on any online ventures? I've got a couple that are going up soon, one mainstream and one adult. If you are interested at all drop me an ICQ and I'll run them by you. Investment under $10,000 and depending on the circumstances possibly under $5,000. The mainstream one can start showing an income immediately, adult would take a bit longer. Both have the potential to turn into $x,xxx,xxx per year endeavors with $xxx,xxx being pretty easy to accomplish.

im not very comfortable with online website.... i guess i still hav that traditional business mindset... hardwork=money... if it's a well-established website already generating $$$, i might consider...

You'd really have to see the details on it. All I'm comfortable saying around the leeches here is that is combines offline services with online promotions. The ease in which it can be advertised online is the reasoning behind this.

Anyhow, if you ever want to discuss it to see if it interests you just let me know how to get in touch.

I don't know how it works in your city but in Montreal, for $40K you could probably get 2 small laundromats for $40K, each generating $1,500 to $2,500 per month before expenses. I doubt you'll get a bank business loan for this kind of business but you could always try getting a personal loan or credit margin...

40k for 2 landromats? wow... not sure abt toronto, i could i could probably get one... it's not easy to get one who is willing to sell... any website u would recommend?

Are you working in adult right now and making some form of income? If so, capitalize on it - just trying to understand. If you want slow gradual franchise, SUBWAY offers one of the lowest franchise rates ever - thats why they are everywhere. They require a business plan and secured minimum investment.

i think i need to cash $150k cash to run a subway franchise... do they do seller financing? i only have 30-40k hard earned cash to invest... im willing to manage the operation full time... im currently working, but im finding way to get out of rat race...

Try Kijiji and craigslist, I see them often on these sites but alot are asking too much for them. don't bye shy on low balling them. There are other sites such http://www.acquizition.biz and http://www.icx.ca that sometime list one...

There is one for sale in Toronto for $30k listed at http://toronto.kijiji.ca/c-buy-and-s...AdIdZ195795044 I'm not saying that you should buy this one tho...

im currently saving about $3k a month from my job... my job is kinda boring... and i dont really enjoy being in the industry... i dont have any liability now... no wife/kid, no house... i can do pretty much anything... i want to gain some business experience by building up something... i know it takes a lot of hard work and guts to run a business.... im not sure if i should go into this entrepreneur route in the next 30yrs... i think i will be just an average employee if i were to continue doing wat im doing in the next 30 yrs...

oshawa looks quite dead to me... thanks for the link though...

Is it a poor area with lots apartment buildings? If so, it the the perfect area for this kind of business:winkwink:

u made a good pt... wat would be an average ROI on coin op laundromat biz

I don't really know what the average ROI is. I've seen some laundromats in Montreal that have been sold at 12 times the net monthly revenue (but not including the owners time running the business). Thus, technically you would get your money back after the first year assuming you don't consider your time spent running the laundromat, you have no washers and dryers to replace, your rent and energy cost don't increase, etc.

repair cost could be quite expensive... i believe most owners fix their own washers/dryers/...

Buy real estate...

Weed 5678

property sounds good... where could i find dirt cheap property in toronto... hard to find anything below 50k-75k these days...

tim horton

I tried to purchase one a few years ago but their franchise rules our outrageous. You MUST manage the franchise or spend at least a few days a week at the store. They offer all the best locations to existing franchise owners, so as a new owner you are moving to some ridiculous location, and you never own the property it is always owned by Timmys.

After a lot of time and effort I decided to stay away.

Paying to become a working slave, I think not. There are better and less demanding investments...

I'm looking to take on a partner in a Cupcake operation. It's an existing business and I'd be "franchising" outlets to sell the cupcakes with no need for kitchen equipment and baking on my own.

Tim Horton's are the worst. They want the owner operator IN THE STORE for a good amount of the time the store is open. In the US, the Franchise is operated by Wendy's.

to franchise a Tim Hortons in Canada the initial cost varies from $430,000 to $480,000. Alo, Every month about 30% or so of your gross monthly sales goes to pay fees.

a weekly Royalty fee of 4.5% of gross sales for the term of the License;
a monthly Rental fee (which is the greater of a fixed minimum rent or 8.5% of gross monthly sales);
a monthly Advertising levy of 4% of gross sales for the term of the License.
at the end of each five (5) year period of the License term, at the sole discretion of The TDL Group Corp., an obligation to refurbish the restaurant to meet current Tim Hortons standards.

And you have to be hands on operators. They will deny you application if you're just some not to corporations or passive investors. There may be other fees or rules that I miss, but that's the jist of it.

oh, this is for a Tim Hortons in canada

That is nuts. A restaurant netting 30% would be considered a huge success. You'd be surprised how little some make.

so with so many of them around, even with those rules they are still successful

where i live the tim hortons have line ups out the door and spilling into the street most times of the day. in the right location i assume you can make a killing despite the rules.

I'm sure that they're successful, but seeing as there are a million of them in my town alone it would be hard to really profit. I'm sure if you were able to get a good location you can be successful, but all of those in my town are taken so all that's left is shit. I could be wrong though.

tim hortons is for big boys... i cant afford timmy here....

I would like to hear more, can you hit me up to talk.

any automated porn site already generating stable income of about $50 a month for at least a yr? I would be interested in those...