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03-26-2013, 01:37 PM
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#1 | | I don't get it
Join Date: Feb 2013 Location: Burnaby
Posts: 403
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| Commercial real estate
Does anyone here invest in commercial? That could be opening a smoke shop to something on a larger scale.
I see a lot of businesses for sale in the Business Exchange, and I always wanted to start my own enterprise. But I want to know what pitfalls and traps to avoid, and what kind of research I should do before investing.
Last edited by BurnoutBinLaden; 03-26-2013 at 03:16 PM.
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03-26-2013, 02:56 PM
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#2 | | Diagonally parked in a parallel universe
Join Date: Jan 2006 Location: vancouver
Posts: 1,416
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get the capital first before you do anything. no point in research if you aint got dat loot.
industry canada resources.. Home - SME Benchmarking Tool | |
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03-26-2013, 03:17 PM
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#3 | | I don't get it
Join Date: Feb 2013 Location: Burnaby
Posts: 403
Thanked 248 Times in 90 Posts
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Thanks for the tip.
I don't think I'll have enough cash for a large business (eg $30,000 for a smoke shop) but some of the work-from-home businesses that only need $500-1000 of startup capital are more attainable.
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03-26-2013, 05:41 PM
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#4 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
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Am I missing something, are u talking about investing in commercial real estate or a small business, usually small businesses (smoke shop, subway restauarnt) don't own their property, they lease
If ur talking about owning a strip mall (which said small businesses would lease), totally different requirements for financing, knowledge, day to day involvement
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03-26-2013, 06:13 PM
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#5 | | I don't get it
Join Date: Feb 2013 Location: Burnaby
Posts: 403
Thanked 248 Times in 90 Posts
Failed 170 Times in 18 Posts
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The former.
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03-26-2013, 06:49 PM
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#6 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
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Usually for a franchise or simple smoke shop, you will earn a salary, but will quite quickly be capped income wise, with no real capital appreciation (there will never be barriers to entry for subway restaurants)
Don't get me wrong, if u manage them well and reinvest your money into more, you can make a lot of money, but that'll be the very few, not the majority
I think u need to change the thread title
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03-26-2013, 11:52 PM
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#7 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,672
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You will not make money running a smoke shop. The market is way to competitive and customers are very price sensitive. Plus the number of smokers is declining.
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