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Im looking at different business oppurtunites in to which to open my first business. Can invest 75k any sugg.?

Any areas anyone knows that is holding up now during these times?

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Answers (9)
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Try a deli and/or diner. It's hard work, but good rewards and fun. Plus in the right area it is an excellent investment that will grow. And you can do this anywhere there are people. We doesn't like to eat great food? Also, have 2 possible locations in Florida under a different name that may be available together or separate.

Nov 8, 2009
Jon Holmquist
Edgemaster Model 400 sharpener
Marion County, OR

Hey Bob, thank you for looking at my web site, now would you do me another favor and give me a critique of what we could do to make it better? Are there any changes you would suggest to make it more user friendly? I would sure appreciate a solicited opinion.
Thanks, Jon at Edgemaster Mobile Sharpening,

Oct 7, 2009
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Piece of cake; find a very good CPA and biz atty and become a mini venture capitalist.
YOU should get over 100% return on your money--plus have a majority % of the company for
x months.....I can guide you as can your CPA. I suggest splitting your money and invest
in 3-5 firms. I can give limited further help free. 43 yrs experience!

Oct 6, 2009
Eric Little
Right at Home, Inc.
Douglas County, NE

Hey Bob, most in-home care companies I know of are doing well right now. People are living longer, and the baby boomers are once again going to define the economy based on where they are in their lifetimes. People as a general rule naturally resist going to nursing homes and other facilities that are not "home," and they prefer to "age in place" as we say within the industry. Our franchisees are experiencing nice growth in their businesses, as are others within the "senior care" industry. I believe there are several that you could get into for about $75k - $100k, but you would need some other way to pay your personal living expenses for awhile (such as a working spouse or additional savings). Just be sure and validate with the existing franchisees before signing to make sure the investment amount listed in the franchisor's Disclosure Document is a realistic number. Hope you find this helpful.

Oct 6, 2009
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Franchise Advisory Group

Bob, I have been in the healthcare business for 13 years and it's going to be very tough for you to get into that business for $75K. Even if you buy a Franchise, it will cost you $75K just for the territory alone and then you'll still need operating cash. I represent several non medical homecare companies and most of their Franchisees make excellent money. I also just bought an auto repair Franchise. You could get into this industry with $75K. I think either healthcare or auto repair industries are solid in this economy, since we get sick and drive regardless of the economic condition.

Oct 1, 2009
Chris Ryan
2020 Franchise Group LLC
Business Consulting
Travis County, TX

Bob--I have owned four very successfull franchised territories w/ one of the top 30 franchisers in regards to the Entrepreneur Franchise 500. If you would like to speak to me about some concerns you have about getting into business etc and toss around some ideas then please shoot me over an email so we can set up a good time to ...I wish you the best of luck in your search!

Sep 30, 2009
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Hey thank you all for the input thus far! Is it fair to say that you can get going in healthcare for around 75k? Thank you again the input is greatly appreciated.

Sep 29, 2009
Jon Holmquist
Edgemaster Model 400 sharpener
Marion County, OR

Hey Bob, I thought I put my two cents in but I guess it got lost in the shuffle. If no one bought a franchise with less than 500 units there would be thousands of franchisors out of business today. I guess you shouldn't go to an attorney who hasn't successfully defended 500 cases either.
The franchise doesn't make the success, the operator does. Any poorly run operation regardless of the number of franchises sold can fail with a poor operator. The franchise should be something you love to do, cause you will be working long hours especially during startup. If you do everything the franchisor tells and shows you how to do it, your chances of success are much better but no-ones perfect. Stuff happens, just look at the huge companies that bit it lately. Good luck, Jon at Edgemaster Mobile Sharpening.

Sep 28, 2009
Jon Holmquist
Edgemaster Model 400 sharpener
Marion County, OR

Hi Bob, you didn't say if you wanted to stay in Wy. or not. Are you interested in a Master Franchise?
If you would like to help 10 other people get into a very low entry business and have a ball working for themselves, you might look at something new at Edgemaster Mobile Sharpening.
Just depends on what you like as a speciaty, employees or franchisees.

Sep 27, 2009

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