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you have 50k to spend on a business, which type would you buy and why?

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you have 50k to spend on a business, which type would you buy and why? Read More
markvirgo Avatar
2m, 4d agoPosted 2 months, 4 days ago
you have 50k to spend on a business, which type would you buy and why?
markvirgo Avatar
2m, 4d agoPosted 2 months, 4 days ago
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(1)
banned
a dildo factory where rogparki could live

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#1
something in the food and beverage industry
#2
Depends on what you know and what qualities you can bring to it
#3
Try and find a cheap flat or house to rent out.
Still a few places around where it's possible and it's a guaranteed income with minimal risk and above interest gains in assets.

Failing that probably look at setting up a campsite or similar.
#4
If you are clever (and intelligent) and have a good business plan go for it . Market research will tell you if its viable . It also helps if its something you love (a hobby perhaps) then when it stalls for a bit you will still keep the faith . No easy answer I'm afraid . I've had a few on EBay - luckily a few years back when Ebay wasn't such a pain for sellers . Got out at the right time (because my local Post office closed !) . I really admire those who can still make EBay work for them - can't be easy . It was a lucrative part time bonus - but my main job still paid the bills .

Edited By: rogparki on Feb 17, 2017 22:10
#5
joedastudd
Try and find a cheap flat or house to rent out.
Still a few places around where it's possible and it's a guaranteed income with minimal risk and above interest gains in assets.

Failing that probably look at setting up a campsite or similar.


very slow and alot of risk aswell that's not a business u could really give up a job and do full time thing in a way.i gone into a property kind of regretting it
#6
123batman321
Depends on what you know and what qualities you can bring to it

Experience at Logistics, eCommerce and retail up to management level.

Would be a change from being an employer to being my own boss.

I have inquired on a couple of ideas at the moment such as a car parts retail shop and a hardware retail shop.


Edited By: markvirgo on Feb 17, 2017 22:08
#7
Drugs, everybody loves drugs.

Depends what you do and know. Scaffolder? Start your own scaffolding comapny, plumber, your own plumbing company, nails, maybe find something in nails.

50k is seriously short of setting up a fast food fancise, but that is what I would do. I know the perfect place for a late opening McDs.
#8
markvirgo
123batman321
Depends on what you know and what qualities you can bring to it
Experience at Logistics, eCommerce and retail up to management level.

Would be a change from being an employer to being my own boss.

Find a product to resell online.
#9
afnoor
something in the food and beverage industry


this is one I contemplate aswell but can't quite be brave enough to go for. apart from these u can go for a car wash but u will need a good location and staff.
#10
catbeans
Drugs, everybody loves drugs.
Depends what you do and know. Scaffolder? Start your own scaffolding comapny, plumber, your own plumbing company, nails, maybe find something in nails.
50k is seriously short of setting up a fast food fancise, but that is what I would do. I know the perfect place for a late opening McDs.

No drugs, There are plenty of companies for sale for under the 50k
#11
I'd choose to do something that I was passionate about, which are books and cakes. I've always wanted a small quaint upmarket cafe-esque place with good cakes and plenty of books to sit and read while you have your cake and eat it :)

Edited By: KGorman on Feb 17, 2017 22:20: grammar
#12
The trouble is you need to be able to buy in huge bulk to get a low price to be able to sell for a low price beating the competition. Business is tough and very competitive even more so when it comes to e-commerce.
#13
I love the way my helpful (though maybe critical) comments on many different threads are marked down (always without a comment as to why) :D - Someone jealous ? . Just speak up , its a free world , you don't have to hide behind your down voting oO

Anyway I have always thought that if one could get a concession to run a bar (with Sky Sports perhaps ?) in Women's clothing stores (New Look etc) , it would be a gold mine .

Never looked into it seriously - but just imagine - blokes actually volunteering to take their partners clothes shopping on a Saturday afternoon , can't understand why the stores don't do it themselves -or maybe they do ?

Haven't been women's clothes shopping for many a year oO



Edited By: rogparki on Feb 17, 2017 22:38
#14
Vaping - seems very popular right now, but perhaps the window will shut if additional regulation comes in. Otherwise, tattoo removal. There will always be people who have regrets.

You can invest in many businesses and spread the risk via stock market indexes.
#15
greencat
Vaping - seems very popular right now, but perhaps the window will shut if additional regulation comes in. Otherwise, tattoo removal. There will always be people who have regrets.
You can invest in many businesses and spread the risk via stock market indexes.
I agree but maybe the bird has flown . Certainly there is demand (I for one ) and the mark up is amazing . Idiot kids will pay £5.99 for a fancy named juice (similar to what can be bought in Poundland for err... ) . Loads of shops shops /websites now that encourage folks to make unfeasibly large clouds of whatever to look cool oO What ! do they really believe that ! What started as a smoking substitute has now become the property of the foolish children .
#16
Quite honestly you need to look at things to avoid. First and foremost, my advice is to avoid anything that uses premises - the business rates are astronomical and they are increasing by up to 400% in places. Something mobile that people can't or won't do for themselves, or an affordable luxury. If they can do it for themselves , when money is tight it will be the first thing to go.And if money is tight the affordable luxury will stay for the 'feelgood factor'.

50K is actually a small amount to start a business, so a franchise would be the way to go. I've been looking at this
https://coffee-bike.com/ It's a cash business ( the taxman doesn't know what you earn so they rely on your honesty for tax purposes), and there is constant cash flow - no waiting for businesses to pay you.
Do plenty of research. Good luck.
#17
greencat
Vaping - seems very popular right now, but perhaps the window will shut if additional regulation comes in. Otherwise, tattoo removal. There will always be people who have regrets.
You can invest in many businesses and spread the risk via stock market indexes.

No interest in smoking or tattoo's.
Not looking at investments more interested in running a company.
#18
Love it :3 I've got my very own band of Hecklers :D Sadly they don't say anything, very quiet - just down vote :( .. Maybe you sheep should realise I'm just having fun with you and proving a point - job done :)
#19
MynameisM
joedastudd
Try and find a cheap flat or house to rent out.
Still a few places around where it's possible and it's a guaranteed income with minimal risk and above interest gains in assets.
Failing that probably look at setting up a campsite or similar.
very slow and alot of risk aswell that's not a business u could really give up a job and do full time thing in a way.i gone into a property kind of regretting it
The question was if I had the money.
Right now I have a decent job so would only want a side business hence the minimal effort for a tick along income.

Worst comes to worst you sell it on for more then you paid for it.
Can't think of any other business which offers the same fallback.
#20
markvirgo
greencat
Vaping - seems very popular right now, but perhaps the window will shut if additional regulation comes in. Otherwise, tattoo removal. There will always be people who have regrets.
You can invest in many businesses and spread the risk via stock market indexes.
No interest in smoking or tattoo's.
Not looking at investments more interested in running a company.
The quickest way to lose £50K is to not have a clue or an interest in an enterprise - surely ?
#21
mrty
Quite honestly you need to look at things to avoid. First and foremost, my advice is to avoid anything that uses premises - the business rates are astronomical and they are increasing by up to 400% in places. Something mobile that people can't or won't do for themselves, or an affordable luxury. If they can do it for themselves , when money is tight it will be the first thing to go.And if money is tight the affordable luxury will stay for the 'feelgood factor'.

50K is actually a small amount to start a business, so a franchise would be the way to go. I've been looking at this
https://coffee-bike.com/ It's a cash business ( the taxman doesn't know what you earn so they rely on your honesty for tax purposes), and there is constant cash flow - no waiting for businesses to pay you.
Do plenty of research. Good luck.

Thanks
Looks a good venture, Not sure if I would sell much where I live in semi rural location.
Business rates are a worry, I am also looking into an online business I can run from home as I have a garage and can get cheapish storage if needed.

I have been looking on Alibaba to see whats available as I might just order a container of goods to sell online.
#22
rogparki
markvirgo
greencat
Vaping - seems very popular right now, but perhaps the window will shut if additional regulation comes in. Otherwise, tattoo removal. There will always be people who have regrets.
You can invest in many businesses and spread the risk via stock market indexes.
No interest in smoking or tattoo's.
Not looking at investments more interested in running a company.
The quickest way to lose £50K is to not have a clue or an interest in an enterprise - surely ?

Not when you don't agree with what you sell or service you provide.
#23
joedastudd
MynameisM
joedastudd
Try and find a cheap flat or house to rent out.
Still a few places around where it's possible and it's a guaranteed income with minimal risk and above interest gains in assets.
Failing that probably look at setting up a campsite or similar.
very slow and alot of risk aswell that's not a business u could really give up a job and do full time thing in a way.i gone into a property kind of regretting it
The question was if I had the money.
Right now I have a decent job so would only want a side business hence the minimal effort for a tick along income.

Worst comes to worst you sell it on for more then you paid for it.
Can't think of any other business which offers the same fallback.
Would agree with that . If you are working start it off as a sideline , see if it works (with no risk) . My businesses were importing golf gear from the USA and reselling . Was great at the time , then we had 9/11 (freight costs went up astronomically hence lower profits ) - my local post office closed (got too lazy to take 10-20 boxes a day down to the main Post Office in town )

For 5 years made far more than my day job , because I knew golf equipment - I knew my market . To be fair it was easier then . Sports equipment prices a lot lower in the USA ,cheap shipping rates , decent exchange rate . Not sure it would be that easy these days . You just have to find the right market at the right time .



Edited By: rogparki on Feb 17, 2017 23:23
#24
catering van - easy money. I worked in one at a bike rally.
£2 for a scoop of chilli and rice and a barm cake. Queues were forming when we hadnt even opened the van doors.
#25
markvirgo
rogparki
markvirgo
greencat
Vaping - seems very popular right now, but perhaps the window will shut if additional regulation comes in. Otherwise, tattoo removal. There will always be people who have regrets.
You can invest in many businesses and spread the risk via stock market indexes.
No interest in smoking or tattoo's.
Not looking at investments more interested in running a company.
The quickest way to lose £50K is to not have a clue or an interest in an enterprise - surely ?
Not when you don't agree with what you sell or service you provide.
Exactly - you have to find something you are passionate about ,know a lot about and have the edge on others in similar businesses .

At the time I was making money from importing golf stuff a very good mate of mine took over my local Pub (Enterprise Inns -name and shame) . He'd always wanted a Pub (and he was hard working and good at being a Landlord ) . He never had a chance -Enterprise Inns make it virtually impossible for a Landlord to make a living let alone a profit .

When that nice honest big man cried on my shoulder (about £30K poorer) I said , "Pete you've dreamed of having a Pub all your life, it wasn't your time , but you've lived your dream , not many can say that " . He's now gone back to Lorry driving and is very content - but at least he took the risk even if it didn't work out .
#26
markvirgo
123batman321
Depends on what you know and what qualities you can bring to it

Experience at Logistics, eCommerce and retail up to management level.

Would be a change from being an employer to being my own boss.

I have inquired on a couple of ideas at the moment such as a car parts retail shop and a hardware retail shop.



Estate agent I know someone who did that after been retail manager at poundland set up his own estate agents and never looked back big house nice car fit girlfriend for a fat ugly little guy he's doing well.
#27
I would open a butty van named "Rappy's nibble Chomp" (i know of a few patches)
#28
Maybe a franchise would be a safer bet.
#29
markvirgo
123batman321
Depends on what you know and what qualities you can bring to it
Experience at Logistics, eCommerce and retail up to management level.
Would be a change from being an employer to being my own boss.
I have inquired on a couple of ideas at the moment such as a car parts retail shop and a hardware retail shop.
Hardware retail would be good as the markup is amazing and the demand for the items still strong. car parts is getting very competitive at the moment so would need a good business head on to get those key clients to get the regular money coming in.
#30
Childrens soft play centre that does decent cafe food. People pay alot for their kids to play and have fun indoors when the weather isn't great and the good ones always seem to be busy and have a good customer base. Good food is a must, some of the awful stuff that gets served up in these places should be banned.
#31
markvirgo
mrty
Quite honestly you need to look at things to avoid. First and foremost, my advice is to avoid anything that uses premises - the business rates are astronomical and they are increasing by up to 400% in places. Something mobile that people can't or won't do for themselves, or an affordable luxury. If they can do it for themselves , when money is tight it will be the first thing to go.And if money is tight the affordable luxury will stay for the 'feelgood factor'.
50K is actually a small amount to start a business, so a franchise would be the way to go. I've been looking at this https://coffee-bike.com/ It's a cash business ( the taxman doesn't know what you earn so they rely on your honesty for tax purposes), and there is constant cash flow - no waiting for businesses to pay you.
Do plenty of research. Good luck.
Thanks
Looks a good venture, Not sure if I would sell much where I live in semi rural location.
Business rates are a worry, I am also looking into an online business I can run from home as I have a garage and can get cheapish storage if needed.
I have been looking on Alibaba to see whats available as I might just order a container of goods to sell online.

I am wondering why you think you need £50K. I started my most successful online business with absolutely nothing, and it self funded future growth (it was a Kindle book initially btw then became a paying subscriber blog). The second most successful one, I never spent more than roughly a fiver a year on a domain name (I even found free hosting).

Personally, I would be wary of buying an entire container load until you are clear there's demand, and that you can make a comfortable profit after fees, shipping, taxes, returns/losses and storage fees. Consider buying one or two of the items, and see if they sell at the price you need - then order more. If they don't, at least you've only lost the price of that small number of items and gained some valuable market insights for the money.

You may want to look up lean startup as an approach to starting a business. And I would also consider reading the Emyth revisited. Too many small business people essentially create a hobby or a job (ie it sucks up loads of their time) rather than become business owners (others do the work). Consider what can be automated, outsourced, possibly delegated in the future. I eventually automated mine to such an extent all of them required no more than 1-2 hours per month to maintain. I was spending more time on my tax return!

Lastly, as soon as you start - keep your receipts.
#32
I don't know if you are anywhere near Birmingham, but the National Franchise exhibition is on at the moment. Unfortunately it finishes today, 18th but if you are near it is the perfect opportunity to have a look at what's available.
#33
Have you looked at any kick-starter or crowd funding places.. you may find something that you can invest into and have a small % of future proffits.. Yes it may be risky so wouldn't go all in.. but a 10k investment on the right idea / company could massively help them and return you alot of money..
#34
Plot of land and some scrap cars.
#35
A women's clothing shop, but with a bar and sports TV for the men.
#36
red or black
#37
rodders443
Maybe a franchise would be a safer bet.


they are expensive to get for 50k u won't get a decent know brand I think.
#38
Maybe use on property?
banned#39
Don't buy property unless you know what you're doing and can do maintenance and things yourself.

That bird has flown a while back for amateurs. Loads of new regs coming in and in general the market will continue to switch more and more in favour of tenants rather than landlords.

Edited By: Byron78 on Feb 18, 2017 13:04
#40
It's a safe bet to go into something you know about and have an interest in. A website called end businessesforsale is good.
I have a good friend who took the plunge in buying a dentist practice through a partnership, something he has no experience in but his business skills came into play and now he has 4.

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