The Business and Financial Forum CIBC.RBC-RoyalBank.TD-CanadaTrust.BMO.ScotiaBank.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.. |
 | 
03-26-2013, 12:37 PM
|
#1 | | I don't get it
Join Date: Feb 2013 Location: Burnaby
Posts: 403
Thanked 248 Times in 90 Posts
Failed 170 Times in 18 Posts
| Commercial real estate
Does anyone here invest in commercial? That could be opening a smoke shop to something on a larger scale.
I see a lot of businesses for sale in the Business Exchange, and I always wanted to start my own enterprise. But I want to know what pitfalls and traps to avoid, and what kind of research I should do before investing.
Last edited by BurnoutBinLaden; 03-26-2013 at 02:16 PM.
| 
|  | |
03-26-2013, 01:56 PM
|
#2 | | Diagonally parked in a parallel universe
Join Date: Jan 2006 Location: vancouver
Posts: 1,416
Thanked 1,118 Times in 161 Posts
Failed 210 Times in 52 Posts
|
get the capital first before you do anything. no point in research if you aint got dat loot.
industry canada resources.. Home - SME Benchmarking Tool | |
| | |
03-26-2013, 02:17 PM
|
#3 | | I don't get it
Join Date: Feb 2013 Location: Burnaby
Posts: 403
Thanked 248 Times in 90 Posts
Failed 170 Times in 18 Posts
|
Thanks for the tip.
I don't think I'll have enough cash for a large business (eg $30,000 for a smoke shop) but some of the work-from-home businesses that only need $500-1000 of startup capital are more attainable.
| |
| | |
03-26-2013, 04:41 PM
|
#4 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
|
Am I missing something, are u talking about investing in commercial real estate or a small business, usually small businesses (smoke shop, subway restauarnt) don't own their property, they lease
If ur talking about owning a strip mall (which said small businesses would lease), totally different requirements for financing, knowledge, day to day involvement
| |
| | |
03-26-2013, 05:13 PM
|
#5 | | I don't get it
Join Date: Feb 2013 Location: Burnaby
Posts: 403
Thanked 248 Times in 90 Posts
Failed 170 Times in 18 Posts
|
The former.
| |
| | |
03-26-2013, 05:49 PM
|
#6 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
|
Usually for a franchise or simple smoke shop, you will earn a salary, but will quite quickly be capped income wise, with no real capital appreciation (there will never be barriers to entry for subway restaurants)
Don't get me wrong, if u manage them well and reinvest your money into more, you can make a lot of money, but that'll be the very few, not the majority
I think u need to change the thread title
| |
| | |
03-26-2013, 10:52 PM
|
#7 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 17,292
Thanked 8,294 Times in 3,884 Posts
Failed 1,517 Times in 654 Posts
|
You will not make money running a smoke shop. The market is way to competitive and customers are very price sensitive. Plus the number of smokers is declining.
__________________
Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
| | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 05:44 AM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
