Hi all,
I thought I’d throw this one into the mix to get peoples views.
I’m in my early thirties and earn a salary of around $150K. My home is fully paid off in Sydney and worth around $500K.
I’m now tossing up whether to start investing into property/shares. Or whether I should buy a business which can generate another cash flow which will allow me to invest in two to three years time.
I’m looking at staying in my job and purchasing a franchise that I can have under management. For around $450K I can buy a Video Ezy, Gloria Jeans, Michel patisserie etc.. that would generate around $100-120K net cash profir before interest and tax. I can also get bank funding on the business @50% so that $225K would be drawn down on my home equity @7% and $250K taken against the business @9%.
My ultimate aim is to be able to leave my employment in about 3-5 years and have a good cashflow being generated by upscaling my businesses to about 3-4 outlets.
Hey Wolve.
Me and a friend are leaving the ip’s for a couple of years until we can get our business off the ground and running,also my first child is on the way which makes it just a bit more difficult.
Yep for me it’s business before ip’s.
Good luck[
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Daniel.Wolverine, you are a lucky man! Wish I had that choice. Personally I would open a Subway franchise, get some blue-chip shares and a positive cash flow property. Multiple streams of income!
HOw much is it to start up a Subway franchise? Including the stock and equipments?
What about other francises?
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Discount is King, and Free is grandaddy of all Kings!I looked into subway, and it’s not all that much to start up. $79-210K. If you go to the website it’s got all the info you need. I assume (I haven’t looked at it in a while) it would be http://www.subway.com
I then wanted to buy an up and running subway at about $500K, but I thought that I would not run around and do 10 different strategies, that I would just let lag catch up, and buy some more +ve cashflow properties so that I can quit work and invest full time.
Cheers
Mel
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