Quote:
Originally Posted by iversonian
how about non-restaurant, non-franchises? i feel like laundromat is ideal, since it's such a commodity. but they cost a lot, for some reason. not looking to make crazy returns, just something that will reliably beat the SP500 with a little bit of hands-on management and slight risk-taking.
idk, an old work associate's dad owned 5 laundromats. Seemed to be a pretty crappy investment. I think he did marginally okay but was constantly complaining about a zillion different problems that would come up. Seemed like he worked 24 hours a day.
I noticed that my local cleaners now sends all their work out. They are now literally a store front with a fancy clothes rack and a loading/unloading area in the back.
What about a barber shop like Supercuts? Seems low maintenance. It's just that the high employee turnover may be a pita.
In a different direction, my best friend's Dad built a 4 tenant dental/medical building in Western Pennsylvania. That thing almost immediately generated positive cash-flow and is close to zero maintenance.
What about providing a GeekSquad/computer repair service? The prices people pay to basically have cables plugged in is ridiculous.