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wcc wcc is offline
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Join Date: Aug 2005
Location: Michigan
Posts: 3,381
Business idea help

I'm kicking around a lot of business ideas lately. My current options as of now are....

1) Pick up a vacant commercial property with apartments above it. Rent out the apartments asap and maybe put in a sandwich shop or some other simple business in eventually. No problem financially.

2) Buy an existing business. Currently I've looked at two oil change shops that are for sale. I'm a little hesitant because of the alternate fuels to come out in the near future. So what is the future like for something like this? Besides the business paperwork how would I research the current and future market? This would cost significantly more and would have to have instant inflow of cash to help with bills. A lot more stress financially.

3) Get into a short term lease and open a scooter business. Sell electric and gas scooters. Is this something that would require an ASE certified mechanic for repairs? Would probably be ok financially for about 1yr and if it's not bringing in enough to make the bills would be closed.

The MAJOR problem for me is I can't quit my job until it starts making some money to replace my current salary or close to it. I figure a sandwich shop any high school kid can make them so I wouldn't have to be there most of the time. The oil change idea would already have a staff and a manager and that would cover most or all of my away time. The scooter place being a startup would require more of my time.

Any comments, suggestions, etc would be greatly appreciated. Do you think any one of these options would fit my situation best or do you have a different idea all together?
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Old 08-29-2008, 05:23 PM
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