Quote: (07-09-2012 12:02 PM)kosko Wrote:
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.
*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.
Laundromats used to be good business (providing you own the underlaying real estate)in NYC until corporate America took over them.I call the effect the Home Depot-ization of laundry. Even in the hood they have these huge commercial laundromats with FREE PARKING that are almost half a block big and they are everywhere. 24 hour full service, uses a token system so no cash is handled and hire the local crack head to baby sit the machines. How the fuck they get pass zoning regulations is beyond me.
I know a sizeable number of peeps who do all kinds of cash business and the ones who do very well have a few thing in common.
1. They own the building the business is located on(regardless of location)
2. live in an apartment above the business.
3. got their building when NYC govt was practically giving those buildings away back in the 90's.
Now the only way I can see you can make decent money is to buy a old truck and convert it into some kind of food truck and park it in some train station in the outer boroughs and just cook your ass off. The fact that you aren't paying any taxes you automatically made 35% more.