Commercial rent is much lower and much more stable than many suspect, except for some super prime areas like Union Square in SF or 5th Ave in NYC. All else are pretty dull and landlords lack pricing power. Next time check how many storefronts remain empty for months if not years.
Foot traffic in most of US is very weak, day and night compared to places like Hong Kong and Singapore. We are car dependent here and amazon is killing offline retail. I don’t think people need to worry about shop rent too much.
Flip it around. If commercial is such a good investment how come you guys didn’t buy any?
Exactly my point. Scaling it might be impossible, your plumbing people might just create their own. Dont do plumbing.
Otoh, i hear chickfila operators make 120k+ a year, doesnt sound too bad for retirement, in case something bad happens and your retirement money is bust.
Something you can scale and make people work for you might be nice. Instead of a restaurant, making a restaurant chain, for example(like eureka in mv).
I think the simplest way to own your own business is franchising. I heard that 7-Eleven is the easiest and most brainless. However, you need to keep an eye on your employees stealing things…
Yeah restaurants are dirty, and you need really good traffic like in castro.
I am really more interested in fedex routes type bysinesses with constant work, and can dcale it a bit more easily.
My friend whom i mentioned before about fedex routes said he is looking to buy another one. I am trying to meet him soon, he is also trying to hire me to his team as a tlm, so it might be a winwin for both of us. He can see the bigger picture and his business mindset is pretty strong(sold 3 companies or something), so i definitely have a lot to learn from him, including that route business.
