sex shops are profitable, IF you can stand the bible thumpers harrassing you.

the McDonalds I worked at was the largest in the dallas-ft worth area, and they brought in $5-7000 per day on average. That was a GOOD store. That's about $2M a year. Of course, that was 1990 so maybe they bring in 25% more now.

 

in my area, a local mcdonalds owner net $50k a year per mcdonald store.

This is the amount of money that goes into her pocket each year.


so... how profitable are sex shops? hehe

 

Definately talk with an attorney. If you were in the state of Florida I would tell you to talk to my boss. Whatever you do though, make sure you are Incorporated or LLC'd it protects your ass like he said from people trying to take your personal property.

Plus if you do get sued, you can keep your LLC tied up in litigation for forever and ten days.

 

Where I live, some McDonalds net about 100K a day.

 

I have been a small business owner on and off since 1988. My most recent venture is now 4 1/2 years old and very profitable. As mentioned above, don't do it to get out of the rat race. I promise you, it is far more stressful, you work far more hours, and if you don't go out a kill something and drag it home to eat, you don't (metaphor)

My business is Wireless 101. I have retail stores, outside b2b sales people, and sub-dealers. I went from 0 to 16 employees then 9/11 hit and I went down to 2 employees. Now, I up up again and growing slowly. I have been very active in business planning to try and stay ahead of any issues that WILL arise.

I will give you a couple of main points that will help.

Pick a business that you enjoy. If you don't like it, you won't stick it out and you will be miserable.

Make sure that you are well capitalized. It suck to be struggling and have to write a check out of your personal account to cover payroll. It happens.

DO NOT get into debt. run your small business from cash. I use a business credit card with a 7k limit and it's run up and paid off twice a month. No interest charge.

Make sure you have a back-up plan. You will likely have to sign personally for a lease. That means if the business flops, you still pay the lease regardless of business structure.

Cash-flow is king. Make sure you have a system of collecting on all receivables and bad debt.

80% of all small businesses fail because they get behind on payroll or self employment taxes. Hire a CPA that will hold your feet to the fire. Mine will yell at me if I am not early to pay my bills.

Before you start, write a detailed and conservative business development plan (BDP). It will be you guide for all decision making.

I could go on forever. But, lastly, have fun with what you decide to do.

 

so your saying in your area mcdonalds netprofit for the owner 100k a day?

Net meaning money you put in your pocket at the end of the day as a owner after ALL expenses are paid.

that all mcdonalds owners in your area are multi millionaires? ie $30+ Mil a year income generator for the owner?

 

I have never tried retail, but my wife and I own a mortgage broker company that does ok.... not awesome because we are stupid at times but it does plenty good.

If you go work for a lender of some sort to get some experience, you can then get your own license and make good $ on a very flexible schedule.

we also have 16 rental houses that provide a nice amount of cash flow per year, so there are other things than just retail.

 

wow.. it seems like everyone is into the mortgage business on this forum!


How about try selling something online.

low overhead, less risk, maximum exposure.

 

Nah....some McDonalds earn 100K a day gross.

And yes, all McDonalds owners in my area are multimillionaires.

 

Wow.

So $100k Gross a day

a meal is about $5-$10 so

each day thats 10,000 to 20,000 meals sold

lets say 15,000 meals sold a day

if the mcd is open 24 hrs thats like 10 meals sold a min

so every 6 seconds a meal is prepared.

they have workers that can work that fast?

so on a 24 hr shift.

1, 2, 3, 4, 5, 6 boom another burger, fries, drink is prepped and ready to go.