Buying a small business run 'under management'

Discussion in 'Other Investments' started by Bargain Hunter, May 13, 2013.

  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Aaah, thanks hammer, just googled it and I was wrong, it was "McDowells". :lol:

    http://www.movielocationsguide.com/Coming_to_America/filming_locations
     
  2. bloomst

    bloomst Well-Known Member Silver Stacker

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    Will smith? :D
     
  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Nah, there's more black guys in hollywood than just will smith. :p

    Eddie Murphy

    He was "Black Guy of the Decade" in the 80's. I think WS was "Black guy of the 90's". Or was he "Black Guy of the 00's"? Sidney Poitier was "Black Guy of the 60's" i reckon. Who was black guy of the 70's?

    Better than "White Guys" though, they get trashed and a new one is born every year.
     
  4. bloomst

    bloomst Well-Known Member Silver Stacker

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    You showing your age!!! :D
     
  5. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    Bill Cosby.
     
  6. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    No way. Black guys in the 70's looked like this:

    [imgz=http://forums.silverstackers.com/uploads/753_boney.jpg][​IMG][/imgz]

    Not like this:

    [imgz=http://forums.silverstackers.com/uploads/753_bill-cosby-sweater.jpg][​IMG][/imgz]

    :lol:
     
  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Not only that bloomst, sometimes I also show my stupidity. ;)
     
  8. bloomst

    bloomst Well-Known Member Silver Stacker

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    The important question is...who's older you or EM?
     
  9. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    ^^^ Shiney, you posted the 1980s Bill Cosby.

    Here's the 'Uptown Saturday Night' 1974 version...

    [​IMG]
     
  10. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    Here's what black guys looked like in the '70s :p


    [​IMG]
     
  11. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    I think Denzel made the '00's
     
  12. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    I reckon Im older, only because Ive got more growing up to do. :p


    Back on topic thingy:

    Buy the small business, get rid of the manager and make money for yourself.
     
  13. Kawa

    Kawa New Member

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    The two best cash businesses are lawn mowing runs and fish and chip shops.

    Best ROI and low risk.
     
  14. Jon Snow

    Jon Snow New Member

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    I'm pretty sure Samuel Jackson pops up a couple of times in the 90's ......

    [youtube]http://www.youtube.com/watch?v=http://youtu.be/bOAnoi7NpKI[/youtube]

    [youtube]http://www.youtube.com/watch?v=http://youtu.be/kdU9VTaPWcE[/youtube]
     
  15. Jon Snow

    Jon Snow New Member

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  16. Bigfella

    Bigfella Well-Known Member Silver Stacker

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    As a Chef of 26 years and I have run coffe shops - 5 star fine dinning.

    The coffee shop is the best investment it has the highest profit margin , BUT you need volume.

    So make sure its got sa strong constant customer base and I would get into it my self , small business meens hands on.

    If you don't go hands on and I mean Hospitality is the hardest to make work , but you get that coffeee shop going and you will make money.
    One Main Piont that is a lost art is PERSONAL SERVICE over and over again it will kill you or make you.
    And if there is food you need someone in the back who can keep the food cost under control 28% is a good target.
     
  17. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    If the whole investment relies on the existing management continuing to run things, consider how you'd go about firing those people and then finding and hiring new managers.

    Assume from the beginning that someone is stealing from the business. It could be the kid behind the register nicking dollar coins here and there or it could be the owner pocketing half the day's takings at closing time. That's a huge problem for lots of small business owners when they go to sell - they know it's bringing in $x/week but they can't prove it because they've had their hand in the till the whole time and there is no record of that extra money ever being earned.

    If you're prepared to work in the business for a few weeks before committing to buying it, you'll get a much better understanding of how the cash moves around. That time you spend could be the difference between a great little earner and a complete dud.
     

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