WWAW buying a small business?

[JoeCumiawearsDIAPERS]

I want to buy a small, somewhat established business at some point over the next year or two.

At this point, all I’m doing is looking at the type of shit that gets listed with broker sites but I assume there are other channels out there that I need to get plugged into. Opportunities like Compound Media don’t just grow on trees so I want to make sure I’m on the short list of guys who gets the call.

Beyond that, I’d prefer to be an operator, and I’d probably finance it through a private lender.

Any of you pests ever buy a small business? Good times or nah?

 

[DeadWithoutMyDavid]

Like a McDonald's franchise? They all make money but you'll have to employ minorities and old bitter white women.

 

[johnnynoname]

get ready to enjoy paperwork, filing for certificates with the city/state, and payroll taxes (especially if you live in a blue state)

 

[BonnieMcFarlaneMe2]

I think buying a big business makes more sense. They probably make more money than small businesses.

 

[Jen_Tomlinson]

You could probably buy cumpound media

 

[Sgt Zogbot Delta Operator]

I hear Posts by Ghost is for sale. It's a couple thousand bucks but you get Niki's side hustle of jarred nigger farts.

 

[BonnieMcFarlaneMe2]

You could probably buy cumpound media

I like $57 cash so if you can scrounge up the other $26 then we’ll own the whole network. Nevermind, I’m just going to buy scratchers with the money instead since it’s a better investment.

 

[Smeckler's Powder]

I want to buy a small, somewhat established business at some point over the next year or two.

At this point, all I’m doing is looking at the type of shit that gets listed with broker sites but I assume there are other channels out there that I need to get plugged into. Opportunities like Compound Media don’t just grow on trees so I want to make sure I’m on the short list of guys who gets the call.

Beyond that, I’d prefer to be an operator, and I’d probably finance it through a private lender.

Any of you pests ever buy a small business? Good times or nah?

What kind of stuff are you looking at? Pizza places? Plumbing companies?

 

[RoTheHo69]

I like $57 cash

You like $57? Wait till you hear about $58.

 

[Child..]

-Find a non franchise restaurant
-Pool with some habibis, open brand new restaurant next to it
-Operate at loss...up to 6 months, steal his customers
-He forecloses
-You buy his restaurant, dirt cheap
-Rinse Repeat
...This is how we vampire shit

(Oh wait, OP is not Arab...discord J's, carry on, its my oopsie)

 

[BonnieMcFarlaneMe2]

You like $57? Wait till you hear about $58.

I lost every penny on my $58 investment. Win for life? Fawkin scam. Still better than investing in the Geno Bisconte podcast. Does anyone have $12 because we can go halfsies on In Hot Water.

 

[AssholeHead]

Are “boring businesses” worth it? Laundromats, landscapers, vending machines, ice machines, etc.

 

[JoeCumiawearsDIAPERS]

What kind of stuff are you looking at? Pizza places? Plumbing companies?

The only things I wouldn’t consider are anything in food service, beauty salons, etc. I don’t like the idea of being in a highly regulated industry and having perishable products to boot. Beauty salons I just don’t think would be a good fit for me.

One of the listings is a chiropractor’s office. That’s was more aligned to my interests and professional experience. I’d just be worried about them randomly quitting one day and then I’m stuck trying to find replacements because I can’t legally perform the work.

Aside from that, I’m generally open to all opportunities outside of what I called out above.

 

[Queefer Sutherland]

You could just buy my course on drop shipping. No need to finance anything, no property or employees to manage, and a much higher profit margin. It's the best $200,000 you'll ever spend.

 

[StlakerFatti]

talk to some mobsters and let them launder their money through your small business for a cut. a lil' taste.

 

[BlackTransLivesMatter]

get ready to enjoy paperwork, filing for certificates with the city/state, and payroll taxes (especially if you live in a blue state)

It truly amazes me how difficult and time consuming they make it for the literal life blood of the economy. Not to mention how hostile, lazy, and incompetent the "public employees" are whose responsibility it is to handle filings and other shit.

 

[Skippy]

 

[johnnynoname]

It truly amazes me how difficult and time consuming they make it for the literal life blood of the economy. Not to mention how hostile, lazy, and incompetent the "public employees" are whose responsibility it is to handle filings and other shit.

Bro- it’s horrible.

It’s like- why am I chasing people around for insurance papers- I JUST WANT TO MAKE PIZZA

 

[JoeCumiawearsDIAPERS]

get ready to enjoy paperwork, filing for certificates with the city/state, and payroll taxes (especially if you live in a blue state)

Thanks. I actually think there’s a law that says you don’t have to pay payroll taxes if you don’t file paperwork with the state so I probably won’t do that.

 

[porquedealer]

Are “boring businesses” worth it? Laundromats, landscapers, vending machines, ice machines, etc.

Any CASH business is good.
Any business with little interaction with the public is best

The only things I wouldn’t consider are anything in food service, beauty salons, etc. I don’t like the idea of being in a highly regulated industry and having perishable products to boot. Beauty salons I just don’t think would be a good fit for me.

One of the listings is a chiropractor’s office. That’s was more aligned to my interests and professional experience. I’d just be worried about them randomly quitting one day and then I’m stuck trying to find replacements because I can’t legally perform the work.

Aside from that, I’m generally open to all opportunities outside of what I called out above.

Unless you are working at the business and running it or have someone you implicitly trust to do it (family, long time friend) then I wouldn't bother.
Also don't hire family or friends.