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Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

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Old 11-12-2011, 12:59 PM   #26
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open a high class whore house/ massage parlor
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Old 11-12-2011, 01:00 PM   #27
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you guys....get an education, like become a dentist.
we're not supposed to be giving serious answers... that's not the RS way
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Old 11-12-2011, 01:04 PM   #28
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You don't have nearly enough to open a franchise
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Old 11-12-2011, 01:05 PM   #29
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I would bring a Red Lobster up here, yes I know people will say the quality sucks but that will be a restaurant that will always be busy since we don't really have any mainstream seafood restaurants up here like that. I also love Red Lobster lol
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This is actually a great idea.
Sure it's a chain store blah blah blah but you look at any Red Robin's location (which essentially runs on the same business models but serve different type of foods) and all you see is fucking profit.
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Old 11-12-2011, 01:07 PM   #30
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i once heard timmies and boston pizza are two of the most profitable franchises, but i dont know how that all works
I've heard the same, that its around $500K-1M to buy a Tims franchise, and it'll be profitable in its first year. Tims controls where the franchises are located, so they don't put franchises in places that are unlikely to be immediately profitable.
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Old 11-12-2011, 01:14 PM   #31
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Tim Horton's isn't expanding in Canada anymore, unless you are interested in heading over to the middle east.
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Old 11-12-2011, 01:31 PM   #32
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Gold increased its value by 30% in last 5 years. If u have the money upfront I'd invest in that. If its bank loan then invest in something u skilled on.
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Gold is only a good investment if you time your exit, and someone asking about such a question here isn't going to be able to know when to get out.
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Old 11-12-2011, 01:35 PM   #33
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I would open up a KFC on the corner of Burrard/Robson where HMV was. Hire American employees down from the south to give it that American edge.
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Old 11-12-2011, 01:40 PM   #34
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there is an actual convention that you can go to if you are looking at opening a franchise
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Old 11-12-2011, 04:05 PM   #35
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there is an actual convention that you can go to if you are looking at opening a franchise
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Old 11-12-2011, 04:12 PM   #36
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Old 11-12-2011, 04:14 PM   #37
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There are only 2 kfcs left in vancouver and there is a reason for that. Churches on the other hand
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I would open up a KFC on the corner of Burrard/Robson where HMV was. Hire American employees down from the south to give it that American edge.
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Old 11-12-2011, 04:27 PM   #38
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bet on GSP, Anderson Silva and Jone Jones
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Old 11-12-2011, 04:30 PM   #39
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There are only 2 kfcs left in vancouver and there is a reason for that. Churches on the other hand
lol the only one in Vancouver I know of is Kingsway and Gladstone....
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Old 11-12-2011, 04:33 PM   #40
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lol the only one in Vancouver I know of is Kingsway and Gladstone....
broadway near fraser, knight and 49th and the one on davie
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Old 11-12-2011, 04:55 PM   #41
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subway franchise, its bigger than mcdonalds now.
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Old 11-12-2011, 05:03 PM   #42
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Most of the franchises people are listing are impossible to get.

I hear Papa Johns take and bake pizza is expanding into BC and is looking for people.
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Old 11-12-2011, 05:11 PM   #43
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Old 11-12-2011, 05:14 PM   #44
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there is an actual convention that you can go to if you are looking at opening a franchise
My friends have been to these and found them for the most part useless. Mostly awful website stuff.
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Old 11-12-2011, 05:15 PM   #45
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There are only 2 kfcs left in vancouver and there is a reason for that. Churches on the other hand
Churches chicken is awful, god do I miss KFC in Kits.
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Old 11-12-2011, 05:37 PM   #46
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Put it all down on CUU







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Old 11-12-2011, 05:45 PM   #47
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on a more serious note, why not buy 2-3 small condo properties (250,000 a piece)and rent them out for 900-1200 a month? As the condo value increase, you make money... Probably not as profitable as a timmys, but still a good safe bet if you have dino or gridlock managing it for ya?
Calculate the cap rate if you want to be serious. You'll find your money would make more in an online savings account.

4 1bdrm condos @$250K rented at $1K/mn - $7K of property taxes - $100/mn*4 of condo fees == ~$36K/mn or 3.6% of $1M and that's not accounting for maintenance, vacancy, management, acquisition fees ...

Also perhaps you missed the BCREA release for Oct that showed prices increased 0.1% from Oct 2010, and they are forecasting a drop for Oct 2012. So don't count on appreciation.
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Old 11-12-2011, 05:52 PM   #48
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Calculate the cap rate if you want to be serious. You'll find your money would make more in an online savings account.

4 1bdrm condos @$250K rented at $1K/mn - $7K of property taxes - $100/mn*4 of condo fees == ~$36K/mn or 3.6% of $1M and that's not accounting for maintenance, vacancy, management, acquisition fees ...

Also perhaps you missed the BCREA release for Oct that showed prices increased 0.1% from Oct 2010, and they are forecasting a drop for Oct 2012. So don't count on appreciation.
A client of mine had a bunch of condos in DT and a building in the West End and cleared out of all of it. In retrospect-excellently timed.

I think the only ones they were left with were their personal apartments and one in a new building that was intended to be a residence, but couldn't sell the old one.

There can be value in buildings-you need to buy a shitpile, re-build it and wait for 10 years. It's not a growth business, its a retirement fund.
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Old 11-12-2011, 06:13 PM   #49
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If you have to ask this question on a forum, it is clear you did not earn the $1MM yourself, so the real question is who is stupid enough to give you $1MM to "invest"?

If you actually read the OP you will realize that this thread is about what would you do IF YOU had a million dollars to start a business. He/she is not asking what they should do with their million dollars.
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Old 11-12-2011, 06:39 PM   #50
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4 1bdrm condos @$250K rented at $1K/mn - $7K of property taxes - $100/mn*4 of condo fees == ~$36K/mn or 3.6% of $1M and that's not accounting for maintenance, vacancy, management, acquisition fees ...

Also perhaps you missed the BCREA release for Oct that showed prices increased 0.1% from Oct 2010, and they are forecasting a drop for Oct 2012. So don't count on appreciation.
I've actually been trying to find info on the costs of owning a condo for a while, thanks for posting that. Just want to clarify though, for the cost of one condo:

Assume:
250k paid out with no mortgage
I want to actually compare with going rates right now on high interest GICs.

Scenario 1: GIC (using 250,000 for a easy flat number)
- best rate I have at the moment is 1.5% annually
- equates to $3,900 per year in interest

Scenario 2: Condo
- $250,000 assume this includes aquisition costs for a flat simple number (are these around 2-4%?)
- using your numbers:
- positive +1,000/month
- neg -100/month
- neg -2,000/year (??? I'm assuming the 7k in property taxes is for all 4 condos?..)
- I still come up to $12,000 income per year - 2,000 - 1,200 = +$8800..

This is assuming I manage it by myself (collecting rent every month) and no maintenance work / vacancy.

I know I'm probably missing something, but aside from depreciating/appreciating value of the condo, what else?
Cap rate of 3.5% isn't bad?
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