Quote:
Originally Posted by quatchi
Thanks for all your responses! 
My first choice is actually a car wash business, but none are for sale (that I can find).
I've been working @ my family's restaurant business since i was a kid (so I am familiar with retail, getting supplies, handling cash, etc.). We are selling so that's why I am looking for a small business to operate. The reason I am looking @ this type of business is because it seems to be as basic as it gets and my uncle was also in this business and he's doing really well now (he's in real estate development now). My main goal is the learning experience but I do expect a decent salary.
Any further insights are greatly appreciated! |
Hi, there is one car-wash business for sale in port moody, it is on a leased land though..
As for convenience store, yes the profit margin is slim if ONLY you sell beverages, and confectionary. Chips are not that bad. My parents own one, and the average profit we get from a $1.00 + tax bar of chocolate is 7 cents. However they added Deli, Produce, Slushies, Sandwiches and they have decent profit margins. Now some people may be impressed with lottery and tobacco revenues but dont be fooled! for every $1 scratch ticket we sell, the profit is 3-5 cents. I think it is the same for quick picks well. BCLC dont give much profits because they need the money for payouts lol. The primary reason for having lottery + tobacco is to increase more customer traffic who may buy other goods due to "impulse buying"
For robbery and Break and enter... besides little teenagers stealing chocolate thankfully we havent had any hold-ups but in vancouver/burnaby it may be scary.
Oh and one HUGE plus of owning a convenience store is the airmiles you can accumulate with various credit cards. Think free international first-class flights a month. Too bad you never get time off as an owner to go on a vacation though unless you have a manager
