Laundromats can still be ideal in certain spots and situations. The drawback is that its most profitable in spots that have a ton of people and apartments. Unless you can weasel a cheap space your going to pay out the ass to secure a location. Most profitable landromats have been in the same spots for 10,15 years and we're in hype areas when they were run down and dumps.
One of the cheapest things you can get into is Pizza or poutine.
*Poutine is not big in America (yet) but I don't understand how nobody has tried this out down there as Americans love greasy, salty, fattening foods. Poutine is far from sexy but just opening in a City club/bar district and you probably clear your bills in one weekend and the rest of the weekends is profit. Most expensive expense is the cheese curds you import from Quebec. Everything else is dirt cheap.
^ The bald dude is the owner. He's rolling in cash and has franchised his shop from when it started as a humble drunk shack.
*Pizza if you can source solid recipes and make it uber and urban, again supper cheap to make. A whole pizza only costs 3.75-4.85 to make, and most of this is staff and cheese. You sell a big slice for about 3-4 bucks and you make 130% profit on each pie. Again more bar food, not sexy but you will sell quick and laugh when you count your money at the end of the night.
*Another is a smoke/tobacco shop. Another unsexy venture but its dirt cheap to run and you will always have business. It does not matter if its a recession, depression, whatever. People will still buy their smokes.
*Liquor/wine. I prefer win because liquor stores can be sketch and a headache at times. Win stores you have more high-end clientele and its another recession proof venture. Just make sure your local laws are easy to deal with.
*ATMs
You either buy one or do some type of lease/split agreement. Generally I think the cost of entry is only 4-6K. The tough part is finding a good location, since the costs are low to get in most people with dope locations already have the ATMs covered. They key is having a fleet of machines and negotiating deals with locations to have them in multiple spots. 5-6 years ago in Canada this would be ideal, I don't know about the USA as nobody really uses cash but in Canada you could slit weasel some opportunities in small cities.
One of the cheapest things you can get into is Pizza or poutine.
*Poutine is not big in America (yet) but I don't understand how nobody has tried this out down there as Americans love greasy, salty, fattening foods. Poutine is far from sexy but just opening in a City club/bar district and you probably clear your bills in one weekend and the rest of the weekends is profit. Most expensive expense is the cheese curds you import from Quebec. Everything else is dirt cheap.
^ The bald dude is the owner. He's rolling in cash and has franchised his shop from when it started as a humble drunk shack.
*Pizza if you can source solid recipes and make it uber and urban, again supper cheap to make. A whole pizza only costs 3.75-4.85 to make, and most of this is staff and cheese. You sell a big slice for about 3-4 bucks and you make 130% profit on each pie. Again more bar food, not sexy but you will sell quick and laugh when you count your money at the end of the night.
*Another is a smoke/tobacco shop. Another unsexy venture but its dirt cheap to run and you will always have business. It does not matter if its a recession, depression, whatever. People will still buy their smokes.
*Liquor/wine. I prefer win because liquor stores can be sketch and a headache at times. Win stores you have more high-end clientele and its another recession proof venture. Just make sure your local laws are easy to deal with.
*ATMs
You either buy one or do some type of lease/split agreement. Generally I think the cost of entry is only 4-6K. The tough part is finding a good location, since the costs are low to get in most people with dope locations already have the ATMs covered. They key is having a fleet of machines and negotiating deals with locations to have them in multiple spots. 5-6 years ago in Canada this would be ideal, I don't know about the USA as nobody really uses cash but in Canada you could slit weasel some opportunities in small cities.