Best Business Use Of $30,000?

I need to know what a good market is to invest in for a sum of $30,000. I do NOT want to invest this online, I want a physical business.

I will be living in a fairly big city when it comes time for me to invest this, so there is no problem with niche or getting customers.

Has anyone had success with a business that required as little startup as $30,000?

(Also, what is common expense for renting a business, buying land, or franchises, from your experiences?)

 

IMO the best you could do for that money is one of those coffee/ice cream/ hot food vans that go to workplaces etc. They make a killing here and I think you can get a franchise or a van/truck for that much. Not really sure what else you could do for that much. You would use most of it on stock plus in a physical store you would need to fit it out, promote it, legal fees etc you would run out real quick.

 

I was afraid that would be the case. I wasn't sure if there would be some sort of cheap option in renting a commercial space and renovating it for other uses.

I heard carwashes are also fairly cheap to buy. Although I'm not sure how well the ROI would pay..

Perhaps if I were to up the initial investment to $60k- any better outlook?

 

I would recommend a mutual fund. Some established funds pay 18-20% interest which means in 10 years, without adding anything else, your 30k could be worth 170k. Morningstar for more info.

If you are already well invested and willing to take a risk your best bet would be to seriously analyze your new neighborhood and see what's missing. As well as think about what you have a passion for.
Also, most large cities have there own small business group/ club/ organization/ chamber of commerce/ etc. You could get in touch with them and see how you could provide funding for someone who has done there homework or to find out if anyone is looking to sell an established business or franchise.

An excellent resource for small business'/ new business' is Entrepreneur.com
They also have a list of the top 500 franchises for 2008, seen here
These are the big one though (McDonalds, 7Eleven, etc) so costs are high.

They do have a list of lower priced franchises available here


Good luck with your new venture

 

Hmm ... Personally, I wold open a small restaurant. After a while, if that restaurant is doing well, I would open another one which will have the same name but in a different location and I will keep like this... the problem is that I am not sure if you can open a restaurant with only 30k$ but you can try ... maybe a small one you can.

 

I have two options for you. one brick and mortar and one online.

option #1.
Barber Shops and hair salons do very well. You do not need any experience as either a barber or hair stylist. This is the plan. Before you spend your money do your research on the area you are considering. Demand is important and location is everything. Find an area that really needs this service. Get a place that will accommodate ten barbers/stylist. ONLY hire license professionals with a client base. lease the stations to the barbers/stylist and collect rent weekly. or you could work out a commission salary for someone that does not have a client base. For example: You could charge $200 +/- $50 bucks per week/per station. Thats $800 a month X 10 stations = $8000 a month gross. You will have to promote the shop/salon because you need to help everyone build their client base. You will also have to manage the people. *** drop me a line if you want to discuss further.***

option #2.
This is an online goldmine. I know you said that you are not interested in an online business but this is to good not to share with you. I am going to give you a step-by-step blueprint to follow. This the same system I am using right now. For fraction of the startup cost of the barber shop/hair salon or any other brick and mortar business, you could have the equivalent of a McDonald's cash cow! And you only have one responsibility. Marketing and Promotions. If you understand business and if you recognize a true business model when you see one, then you will understand why I had to share this with you. Go to the following website and read every word.
Discover my little cash cow secrete@..... www. BeachBumBlueprint. com

 

How about investing in property.

 

17-20% From a mutual fund? Lol, Good luck. You could also lose 17-20% Each year from those mutual funds.

 

Open a simple bar. Lots of drinkers. Start without a grill, just serve small packs of chips, etc.

 

go to Franchises and find a good franchise for you.

 

index linked mutual fund, the broader the better

 

penny stock markets, that s the way you should go

 

You could open a small cellular store. You could get by on a initial investment of 30k for a lease and get the phones on consignment. If you open shop in a small city T.V. and newspaper ads will be cheaper, and you would have less competition.

 

I'm not bragging but I run a Tae Kwon Do school and even though were in the process of changing affiliations and have been somewhat small I have been successfull at it for the past 5 years. My high point being 30 students but thats not important in the martial arts industry. What is is the retintion of students. And for the past two years I have had the same 10 students. Some new ones came some went but I have had the same continous students.

Now with the jump to this new affiliation we will be recognized as a independent business in the industry even though we still have a head governing body above us. And we just did that this past month.

 

Agree with Remotay. Any mutual fund that returns 17-20% is taking one hell of a lot of risk. U.S. Treasuries pay 3% or less. Anything over that means you are buying into risk. It's highly unlikely that any mutual fund has a long term record (10 years) of those kind of returns.
If they do, you can be sure, that if you invested 30k, there would be some morning when you checked your account balance (on the way to 170k), that your 30k would be worth 20k.
If you sign up for something like that, you need 2 things: 1) a very high risk tolerance and 2) a strong stomach.

 

I would find a business that I think I would enjoy. Then, I would approach the owners of existing businesses in that field and interview them and let them know you are interested in buying. I would then work out an arrangement where I could work there, cheaply, on an apprentice basis to see if it's legitimate. Finally, if everything checked out, even if they wanted more than 30k, I would offer them a solid down payment, with additional payments out of future revenues. This process sounds tedious, but it will save you a ton of heartache and losses. If you are patient, you will find a good business that you enjoy, and because you enjoy it, you will be creative building it up, thereby making good money.

 

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