@@gert-jank8992 well get a gas station, put up chargers for electric cars and have some food/café stuff where they can sit and eat/drink coffee while their car charge? there will still be vehicles using gas/diesel for a generation or more, so not like they vanish overnight, but adapt and evolve so you don't drop dead like Blockbuster did because they didn't keep up
One of my first mentors that was instrumental in my financial success had worked his way up to owning over 20 gas stations at 50 years old, he earned millions. "Rich, middle class, poor, you always need gas" was his motto and his point to me was to focus exclusively on businesses that had constant demand over long periods. Anything from housing to home repair, etc. He always said the unsexiest businesses create the sexiest amount of profit.
Gas station, it will always be an essential business. The restaurant business even in normal times is very tough especially if you don't have a lot of experience. Vending machines are interesting but you need to have locations like factories to put them in to make money. Carwashes are overpriced and a maintenance headache. Online only businesses are great if you find the right product or service to offer.
GAS STATION!!! Restaurants are SUPER HARD to maintain, you need cooks etc it is more stressful then a gas station. I DEFIANTLY suggest a gas station my uncle owns 4
I live across from as gas station in a “transitional “ area. In summer, when I am bored, I sit on my porch with a beer and watch the gas station. Never a dull moment, but not sure you want that kind of excitement.
@@solomons5669 that is after the vehicle purchase. Seeing that thos vehicles are at least 20k new and used they aren't worth anything because the batteries are fully spend. Most people would not replace the batteries because they would rather get a new vehicle than spend the 8k it cost to get the new batteries installed. And checked for safety.
As a former gas station owner, I completely agree that this is a solid business to enter. If you are fortunate enough to be in a self service State, and can aquire one with a food shop that also sells wine and beer; you are golden. High gas volume plus busy food shop, equals constant cash flow on Hand. You will always have cash 😁
I’m glad you’ve handed over the property management to someone who is kicking butt. I think you will find your property values increase and headaches diminish while attracting more quality tenants. This will provide more safe housing for people who need it and also create jobs, which is always a good thing. My vote is for gas station, house flip and another laundromat.
@@Kostasoflow no it wont... don't be the next Blockbuster... learn to adapt... heard of Electric Vehicles? Well they need to charge... Guess what it takes time... Sell some coffee/food for them to enjoy while they wait on their vehicle charging ;-) be smart...
@@Kostasoflow no. gas stations dont make money on the fuel, they make it on the goods sold in the store. Not hard to add eelectric car charging spots and do the same exact thing.
I sold a gas station/c store last year. Over 26 years, margins ranged from Minus 10 cents to plus 50 cents per Gallon. Averaged 10-15 cents. A gallon. You have no idea. The allure of handling a bunch of money fades With the 365 days a year business. Factor in employee theft and difficulty in retaining employees, there are easier ways to make money. I sold a self storage facility As well. Built and ran it for 24 yrs. Never had a stopped up toilet or a furnace go out! Best rental business Going. Restaurants are one of the highest failure rates going without Factoring in covid.
The house flipping videos would be great to see from you. Following those, I'd be interesting in seeing you document the gas station purchase. Maybe even a gas station with an automated car-wash built in, if you have those around there? I think keeping with the real-estate would be good for your brand and channel.
Don't buy a gas station, buy an alternative fuel station:) Don't buy a restaurant or bar, buy a "brew pub" or "food truck" :) Very progressive. Seriously love your channel, man. Peace & out.
Maybe combine several of those ideas into one business. A convenience store with take out restaurant type food. And throw in an automatic car wash on the side. Or how about a laundromat attached to a convenience store?? The biggest problem with these suggestions is the need for employees.
My local petrol station is a convenience store, hot food deli, automated car wash at the rear, coin operated washers and driers to the side, ev chargers and parcel hub.
There was discussion about having the laundry mat be staffed and charge for extra services. The smushed together option would allow for that. Midnight shift could tend to the laundry and babysit the convenience store. The downside is that you would have to build it. Brandon seems to like buy fixer uppers.
Nah the car washes attached to gas stations don’t get used often in my area Atleast, most people like to use the pressure washing ones or going to a dedicated car wash company that has those long tunnels and free vacuums
Other ideas: 1. Washer/Dryer leases 2. Airport/Airplane Hangers 3. Ghost Kitchen 4. Hair Salon booth rentals 5. AM radio station 6. Convert a closed rental space into self-storage 7. RV storage 8. Cell towers 9. Billboards 10. Flea Market
Brandon, your editing/production on this video is top notch! You've come a long way and you should be proud of what you're doing. Good luck with whatever you choose... I'll be watching!
They are both great ideas. i like how you will be able to help the community with either of these. all the food getting ready to go bad can go to a soup kitchen. Or something of that nature. Love the vids man, im taking notes. KEEP IT UP!!!!!
When I first watched your channel I was an addict living in a basement, now i have a business that did well for the first year and other projects coming along, takes money to make money
I've got the answer to all this, from your view, and from the viewer's view - buy a WHOLE TOWN, and that will lead to a TV show (like EastEnders), and all! ~Cindy! :D
There’s a business that is located just a state west of you. It’d be considered essential, operates a couple days a week, and is well established. It’s maybe a bit off the wall or maybe not a viable business for you being so far from it, but, there are people there that know what they’re doing and could surely help you out. It’s a livestock auction!
Hey, message me I would love to give you some insight. My family owns about 15 stores some in the 4-5 million dollar range. Love your content and will love to help u out.
I'd benefit more from Multi-family Homes\Apartments. I live in one and have aspirations to own one with up to 4 units. I imagine it'll be a headache, but we wouldn't love this channel if we didn't see the challenges that come with owning low-income real estate.
I’ve heard from a few friends that if you buy a restaurant you’re buying a job, you always have to be there. I always thought an ice cream shop would be perfect work all summer and have off all winter but the same thing applies you always have to be there.
It's got to be a gas station, understanding the on the move mentality of what shoppers want (Products, Coffee, Hot food), and how the buying, pricing & selling works.. there's opportunity for vending machines/car wash facilities and many more including new electric charging facilities and I even have one near me that has a 24hr washer dryer setup! I also want to see you smash it, your dedication to the site will ensure it will thrive and I believe its the most future proof & creative opportunity listed. Cant wait to see and hopefully one day visit your choice 👍
Why not both? In Arizona, Chandler there's this place called El Gordo Mexican Grill #2 it is both a gas station and a restaurant. The best food i ever tasted worth the 20 min drive just to eat their.
Definitely a gas station, I currently run one with my family and plan on doing some content myself on it. I think RUclips needs to shed some light on the business model.
Can you give me some advice of owning a gas station? I am planning on buying my first gas station soon and i know very little but i am hungry for success in the business world
You know I really like watching the vending machine videos, where they go to Sam’s Club buy the sodas and snacks, and then going to the different vending machines and filling them up and then seeing them collect the money from them! But as I watch these ones grow I see their struggles with needing vehicles to haul the product and places to store some product till needed so though they are enjoyable to watch and can’t see that being very profitable in long run, with cost of snacks going up!
If you buy a restaurant you gotta worry about Yelp and people bad mouthing you on social media if your food ain’t up to par plus you gotta really push a good product while a gas station is lower maintenance
Also, if you don't have a good electronic system, waiters and managers will steal your money, not saying all, but maybe most will take advantage if they have the opportunity.
Even though I don't watch your video as much as I did before, but I gotta say that your money tips are really helpful. I followed some thing you told us and they help! Thanks man!
Make a car dealership, buy used cars for cheap sell them and in about a couple years a major car dealership like ford etc will buy it and only sell ford or the other dealerships
Don’t even franchise a dealership, just run a second hand dealers, it may need to have expensive staff but if you buy the cars from the right people you could spend little to no money on refurbishment of vehicles and get them out on the road or, as stated above sold to manufacturers.
Do what makes you happy, otherwise it will burn you out & you’ll resent it. It’s clear from the video that that is real estate. Also great job on the editing/camera/lighting here!
Not sure if there is one in your area but a farmers market or flea market would be pretty rad Brandon...minus actual fleas of course. Your channel rocks man and we Canadian's appreciate it!
I'd say the gas station. 1) It sells something that is essential which means it will be allowed to operate even during these times. 2) It also sells things that are not essential but have better margins (i.e. candy, pop, lottery tickets, etc.) 3) If you are interested in doing a restaurant then later on with the gas station you might be able to expand the operations and add in some type of fast food/restaurant to the operation depending on location and the financial situation with the station
I make 10% on my Franchise restaurant it’s not overly difficult. 21-24k a week, 28% food cost, 23% labor, 10% profit. With a General Manager in place making 60k / yearly . Looking at adding a gas station to my page though ....
2) convince store is a good idea but I’d limit it to how would you do it? You can take ideas how Japan is doing it with FUNUC robotics. The machine can pick your order and have the order ready for pick up at the pick up station and only available after the $ clears. You can have a vertical farm in the back that’s ran by robotics so you can grow your own veggies so you don’t have to haggle with farmers for your food you are selling. The health inspectors can fault you because it’s a robot growing it and no humans involved so no pesticides. I have a few links if you’re interested
Brandon, the gas station is your best bet. There is so much money that flows into those things. My dad and brother own a convenience store and a small town grocery store in western Idaho. The c-store blows the grocery store out of the water on the daily. People will spend so much money on snacks and beer. It’s a great business to be in. Go with the c-store, I’d bet you’d see the best returns.
Coming from a long time gas station owner had owned multiple gas stations. It depends on the state you live in for example buying a gas station in Florida bad idea there huge competitors WAWA Racetrack you won’t able compete with there prices and deals as a single store owner. Especially with the rise of wholesale big boxes like sams club and bjs. If you want to do it you gotta do it in the countryside.
A real service station with grocery store and diner would be a good old-fashioned business. A catering business, tow company, full service carwash, barbershop, bar and motel could be great extensions.
Nice video!! Very engaging from beginning to end. Nevertheless, businesses and investment are the easiest way to make money irrespective of which party makes it to the oval office.
I got a great idea. YES, a gas station, but with a large lot and rent a tiny spaces to taco trucks. I know several gas station/convenience store owners here in Texas that are making a killing renting out their extra space to five seven taco trucks plus a car wash, plus an insurance office. At 1 grand a space, that's an extra 5-10 thousand a month of sure revenue!. Not only do your rentals pay for the property taxes but its extra profit. Plus the extra clients at the trucks bring more customers to your store! If you do the convenience store, make sure you do it right. And convenience stores and gas stations do well in pandemics and recessions.
Wouldn’t get into the restaurant business unless you can make a profit with only To-Go food. The powers that be are going to end the dining experience.
What about a laundry mat and car wash combo? People could clean their cars while they wait for their laundry. I like the idea they are both self service. When I used to go to the laundry mat, it would get so boring just sitting and waiting. I definitely would have loved to clean my car while waiting! 🙂OR gas station with self serve car wash. I will look forward to watching whichever you decide! Thanks for the great videos!
I would personally like to see the house flip idea, from complete start to finish. As far as my thoughts on what your business should be for 2021 is the house flip. I would use 2021 to get everything in order, managers in place, projects got where they need to be, debt paid down and properties updated as needed. With the way this virus is going who knows how it can keep affecting some of the businesses you mentioned. Nothing wrong with paying down debt and getting completely organized before moving into new ventures.
No to the gas station - around here the big boy (QT) wiped out all of the local mom and pop stations. Self storage - maybe. If you can make an arrangement with one of the big chains to manage it. As far as restaurant- we have a local place that does meals to go from the freezer and cooler - all homemade, top quality, reasonably priced, and they are crushing it.
How about a twist on Merry Maids. A food truck and a maid service in one. The maid comes to clean and brings oven ready meals. You train your tenants to keep things clean and help them pay their rent by working not stealing. The meals could be from the resteraunt that is only at 1/2 capacity due to lockdown.
Convenience Store!!! I remember the video from March 2020, where you mentioned the sale of lottery tickets. The real winners are the stores that sell them. You’d make plenty of money from that alone. I’d charge a few cents less than nearby competitors for items that sell the most in the store. You’d make a VERY nice profit. You could choose whether you wanted to sell fuel & add charging stations when enough need arises.
Buy a gas station and add electric car chargers so you can do both and with a restaurant right next to it so you can up-sale gas at the restaurant and up-sale food at the gas station.
In my early twenties when I moved to Florida I frequented the local Shell gas station up the road... after awhile the girls that worked the closing shift would bribe me with beer to stay and help them close, basically go out to the U-Haul trucks they also rented and blow the boxes out with a leaf blower... and also lock up the drive-thru car wash, that place was rite off I-95 and busy!
Gas station with plexi glass and like a Jacksons attached with quick car stuff, snacks, drinks, candy. Nothing to crazy or expensive. But nicely on display with good color schemes and proper lighting
I think a gas station would be interesting. You could try to do something like a truck stop/travel plaza. That way you could have your little restaurant in there, perhaps open 24 hours. Of course, I'd expect a truck stop would be much more expensive than your typical gas station. The trucking industry remains strong. It's hard to say what the trends will be over the next several years, but many have been hitting the roads vs flying to vacation destinations.
You're on the right track Brandon. In my opinion, restaurants are typically a bad idea and more so now. They are typically resource heavy, require massive amounts of time and inventory. With the uncertain future of America and COVID lockdowns, might be a disaster, making 2020 look like a walk in the park. No matter what the economy, people always need housing, fuel, food, laundry.
There are plenty of gas station/food places. The best shrimp I eat in Florida is sold at a gas station. Best BBQ in Kansas City is sold at a gas station. If you do a gas station, set up a small hot dog stand inside. Low overhead and big margins in hot dogs
I personally enjoy the house renovation videos. If you were to consider a gasoline station you should factor in the electrification of the carpool. While the cars in Ohio probably mostly runs on Gas you never know how things looks in a few years. Good luck! :-)
combine the restaurant idea & gas station and what do you get? a DRIVE THRU! There are quite a few here in cincinanti but only like 2 sells hot food items! it's awesome! They sell pizza by the slice, warm brownie, pretzels & other warm goodies. you can order whole pizza too!
Gas station for sure with convenient store but very good location because the convenient store will be a necessity if truckers are going constantly back-and-forth or people traveling
Love hearing the rate of return on these businesses for investments. Disappointing self storage only 8% return. Love the numbers. All interesting ideas.
During the 90's most, state & federal departments here in Australia began to streamline via redundancies (pay outs).1 man bought a petrol station (gas station in USA) & walked out 6 months later with nothing. He never had a mechanics workshop as a rental & he only saw busy times after work / weekends when tourists arrived. Profit on fuel is about 30-40 cents a gallon USD so the drinks, snacks, cigarettes, workshop is the bonus money to make a dollar or two. He walked out 6 months having lost all his money & Ignorance was to blame for it.
Gas station. Yes, it gets robbed every once in a while, but a restaurant takes more work and would probably get shut down because of lockdowns.
Electric will be the future so will eat allot of investment money
@@gert-jank8992 well get a gas station, put up chargers for electric cars and have some food/café stuff where they can sit and eat/drink coffee while their car charge? there will still be vehicles using gas/diesel for a generation or more, so not like they vanish overnight, but adapt and evolve so you don't drop dead like Blockbuster did because they didn't keep up
@@gert-jank8992 I don't think electric cars will ever _fully_ replace gas/diesel. Yes there will be more electric cars, but not all of them will be.
Can you think of the views a robbery would get ?
@@InvestmentJoy Content, baby!
Gas station because you can film the shoplifters and start a new channel like “gas station encounters” which ironically is also in Ohio.
Your right about that mate😂😂
Next video: "should I buy a town?"
🤣
that thing happened to Indonesian towns lol
😂🤣. Brandon….singlehandedly rebuilding southern Ohio one property or more at a time!! ☺️
LMAO
One of my first mentors that was instrumental in my financial success had worked his way up to owning over 20 gas stations at 50 years old, he earned millions. "Rich, middle class, poor, you always need gas" was his motto and his point to me was to focus exclusively on businesses that had constant demand over long periods. Anything from housing to home repair, etc. He always said the unsexiest businesses create the sexiest amount of profit.
Gas station, it will always be an essential business. The restaurant business even in normal times is very tough especially if you don't have a lot of experience. Vending machines are interesting but you need to have locations like factories to put them in to make money. Carwashes are overpriced and a maintenance headache. Online only businesses are great if you find the right product or service to offer.
GAS STATION!!! Restaurants are SUPER HARD to maintain, you need cooks etc it is more stressful then a gas station. I DEFIANTLY suggest a gas station my uncle owns 4
Do anything that gives someone a job and the responsibility to keep that biz going. Awesome content Brandon. Really does show why America is great.
I live across from as gas station in a “transitional “ area. In summer, when I am bored, I sit on my porch with a beer and watch the gas station. Never a dull moment,
but not sure you want that kind of excitement.
Personally, I think that a gas station would be really interesting, but that's just me.
Electric will be the future so will eat allot of investment money
@@gert-jank8992 electric is wayyyy to expensive, more people are going to use gas because half the people in that town can’t afford that.
@@realredditstories420 Electric is cheaper than gas
@@solomons5669 that is after the vehicle purchase. Seeing that thos vehicles are at least 20k new and used they aren't worth anything because the batteries are fully spend. Most people would not replace the batteries because they would rather get a new vehicle than spend the 8k it cost to get the new batteries installed. And checked for safety.
yeah you could name it "Stop And Rob". Then in a line up pick the robber from among 20 other people wearing masks. LOL.
do a gas station, but have electric car chargers.
just in case.
Good idea but being in Ohio in the area he is in there aren’t many cars that are electric.
I don't think electric car are big in the hoods of Ohio :0
@@jabberwocker6305 not yet but Long term they will
I live in Cleveland and see plenty of Tesla’s on the streets. The electric chargers would be a smart idea
If he needs to he can just install them😐
As a former gas station owner, I completely agree that this is a solid business to enter. If you are fortunate enough to be in a self service State, and can aquire one with a food shop that also sells wine and beer; you are golden. High gas volume plus busy food shop, equals constant cash flow on Hand. You will always have cash 😁
Did you buy an existing gas station at the time with cash flow generating and the gas contracts in place?
@@foluobe5126 no, I had taken over s station that had been mismanaged and built it back up in a short period of time.
I’m glad you’ve handed over the property management to someone who is kicking butt. I think you will find your property values increase and headaches diminish while attracting more quality tenants. This will provide more safe housing for people who need it and also create jobs, which is always a good thing. My vote is for gas station, house flip and another laundromat.
I would like to see you buy a Gas Station because not a lot of people cover gas stations but there are some for restaurants.
In a decade it will be nonprofit might as well make a car dealership then in a couple years a major dealership will buy it
@@Kostasoflow no it wont... don't be the next Blockbuster... learn to adapt... heard of Electric Vehicles? Well they need to charge... Guess what it takes time... Sell some coffee/food for them to enjoy while they wait on their vehicle charging ;-) be smart...
@@Kostasoflow no. gas stations dont make money on the fuel, they make it on the goods sold in the store. Not hard to add eelectric car charging spots and do the same exact thing.
Too many employees to manage at a restaurant
@@ChevTecGroup thats why restaurants have a "manager" ya know
Honestly, I want to see you try a storage facility. Seems unique
Agreed!
Agree and add small office areas for resellers
Storage will be needed as more people downsize housing or evicted . .
Restaurants would be the LAST thing I would put money into
I sold a gas station/c store last year.
Over 26 years, margins ranged from
Minus 10 cents to plus 50 cents per
Gallon. Averaged 10-15 cents. A gallon. You have no idea. The allure of handling a bunch of money fades
With the 365 days a year business. Factor in employee theft and difficulty in retaining employees, there are easier ways to make money. I sold a self storage facility
As well. Built and ran it for 24 yrs.
Never had a stopped up toilet or a furnace go out! Best rental business
Going. Restaurants are one of the highest failure rates going without
Factoring in covid.
Agreed! Easy to add value to it as well
The house flipping videos would be great to see from you. Following those, I'd be interesting in seeing you document the gas station purchase. Maybe even a gas station with an automated car-wash built in, if you have those around there?
I think keeping with the real-estate would be good for your brand and channel.
Don't buy a gas station, buy an alternative fuel station:) Don't buy a restaurant or bar, buy a "brew pub" or "food truck" :)
Very progressive. Seriously love your channel, man. Peace & out.
Maybe combine several of those ideas into one business. A convenience store with take out restaurant type food. And throw in an automatic car wash on the side. Or how about a laundromat attached to a convenience store?? The biggest problem with these suggestions is the need for employees.
I really like the 'smash them together' idea it'd be really neat to see if the extra pull of comboing them all together would result in more sales.
My local petrol station is a convenience store, hot food deli, automated car wash at the rear, coin operated washers and driers to the side, ev chargers and parcel hub.
There was discussion about having the laundry mat be staffed and charge for extra services. The smushed together option would allow for that. Midnight shift could tend to the laundry and babysit the convenience store. The downside is that you would have to build it. Brandon seems to like buy fixer uppers.
Nah the car washes attached to gas stations don’t get used often in my area Atleast, most people like to use the pressure washing ones or going to a dedicated car wash company that has those long tunnels and free vacuums
Gas station GAS STATION did you hear me? buy a gas station. No comparison.
I heard u the first time lol ( -_-)
Other ideas:
1. Washer/Dryer leases
2. Airport/Airplane Hangers
3. Ghost Kitchen
4. Hair Salon booth rentals
5. AM radio station
6. Convert a closed rental space into self-storage
7. RV storage
8. Cell towers
9. Billboards
10. Flea Market
Their gas station and taco restaurant in Texas it stay busy 24/7 with a line they do 4 kinds of taco and do them well. togo only
Brandon, your editing/production on this video is top notch! You've come a long way and you should be proud of what you're doing. Good luck with whatever you choose... I'll be watching!
Glad you noticed
Would love to see a small apartment complex, 4-10 units.
Storage facility seems like that would be smartest and right up your alley.
Good evening. Combine it all. Buy a gas station/ convenience store then add a lunch truck on the property! Just a thought.
If you want Gordon Ramsay to shout at you, go restaurant. If not, go gas station.
Maybe buy a building and convert it into self-storage.
recognized a couple of those car washes. Thanks for putting my home town of Circleville Ohio on the map
Glad to hear the trailer park is doing better. :)
Gas station. Restraunt sounds wayyyy too stressful. (Haven’t watched the video yet)
Idiot gas stations won’t be useful in a decade time...
Kostaflow, wrong. Gasoline isn't going anywhere anytime soon.
Kostasoflow gasoline definetly ain’t going anywhere.
Gas station less of a headache and you don’t need a 20 man staff
They are both great ideas. i like how you will be able to help the community with either of these. all the food getting ready to go bad can go to a soup kitchen. Or something of that nature. Love the vids man, im taking notes. KEEP IT UP!!!!!
Gas station seems better for some reason. You can film more with it
Blockbuster Video store for sure.
idk man those things are really new people don't trust them yet
I'd watch the hell out of that series.
Why video store? Apps and red box killed video store. The overhead will crush you in the long run with no profits to show
@@r3gr3tfulfly3r5 yes you definitely didn't get the joke
@@Pronimator you need a new day job your jokes blow
When I first watched your channel I was an addict living in a basement, now i have a business that did well for the first year and other projects coming along, takes money to make money
I've got the answer to all this, from your view, and from the viewer's view - buy a WHOLE TOWN, and that will lead to a TV show (like EastEnders), and all! ~Cindy! :D
👏👏👏👏👏👏👏👏👏
Gas Station 'cause you' ll feel like a Mafia Boss lol
Don’t mafia bosses have restaurants
Pretty sure a restaurant is more Mafia. You been watching too much breaking bad! 😂
small trailer park with almost no useable trailers, and make it a tiny house community
Yes!!!!! Perfect!
The gas station
But I remember you talking awhile back about owning a newspaper, talk about that too
There’s a business that is located just a state west of you. It’d be considered essential, operates a couple days a week, and is well established. It’s maybe a bit off the wall or maybe not a viable business for you being so far from it, but, there are people there that know what they’re doing and could surely help you out. It’s a livestock auction!
Hey, message me I would love to give you some insight. My family owns about 15 stores some in the 4-5 million dollar range. Love your content and will love to help u out.
That’s so kind of you!!👏👏👏👏❤️💕💕
Is there anyway i can follow what you guys do? Social medias or anything?
I'd benefit more from Multi-family Homes\Apartments. I live in one and have aspirations to own one with up to 4 units. I imagine it'll be a headache, but we wouldn't love this channel if we didn't see the challenges that come with owning low-income real estate.
I’ve heard from a few friends that if you buy a restaurant you’re buying a job, you always have to be there. I always thought an ice cream shop would be perfect work all summer and have off all winter but the same thing applies you always have to be there.
It's got to be a gas station, understanding the on the move mentality of what shoppers want (Products, Coffee, Hot food), and how the buying, pricing & selling works.. there's opportunity for vending machines/car wash facilities and many more including new electric charging facilities and I even have one near me that has a 24hr washer dryer setup! I also want to see you smash it, your dedication to the site will ensure it will thrive and I believe its the most future proof & creative opportunity listed. Cant wait to see and hopefully one day visit your choice 👍
Why not both? In Arizona, Chandler there's this place called El Gordo Mexican Grill #2 it is both a gas station and a restaurant. The best food i ever tasted worth the 20 min drive just to eat their.
That Carl’s restaurant used to be by St Mary’s. And where Carl’s is at now was a gas station
Definitely a gas station, I currently run one with my family and plan on doing some content myself on it. I think RUclips needs to shed some light on the business model.
Can you give me some advice of owning a gas station? I am planning on buying my first gas station soon and i know very little but i am hungry for success in the business world
You know I really like watching the vending machine videos, where they go to Sam’s Club buy the sodas and snacks, and then going to the different vending machines and filling them up and then seeing them collect the money from them!
But as I watch these ones grow I see their struggles with needing vehicles to haul the product and places to store some product till needed so though they are enjoyable to watch and can’t see that being very profitable in long run, with cost of snacks going up!
Industrial property could be interesting as well (assuming you don't count self-storage in there)
If you buy a restaurant you gotta worry about Yelp and people bad mouthing you on social media if your food ain’t up to par plus you gotta really push a good product while a gas station is lower maintenance
Also, if you don't have a good electronic system, waiters and managers will steal your money, not saying all, but maybe most will take advantage if they have the opportunity.
I like your setup with the house on the TVs, great lighting and camera too
Even though I don't watch your video as much as I did before, but I gotta say that your money tips are really helpful. I followed some thing you told us and they help! Thanks man!
Make a car dealership, buy used cars for cheap sell them and in about a couple years a major car dealership like ford etc will buy it and only sell ford or the other dealerships
Don’t even franchise a dealership, just run a second hand dealers, it may need to have expensive staff but if you buy the cars from the right people you could spend little to no money on refurbishment of vehicles and get them out on the road or, as stated above sold to manufacturers.
Brandon could even repurpose his warehouse as a repair/showroom
Oh, oh! 🤚🤚 Strip club!
yeah those livestreams would have LOTS of viewers hahahah
Sex Shop charge a quarter to watch the movies in the back!
Do what makes you happy, otherwise it will burn you out & you’ll resent it. It’s clear from the video that that is real estate.
Also great job on the editing/camera/lighting here!
Agree with everything you said... Sounds like you speak from experience.
Not sure if there is one in your area but a farmers market or flea market would be pretty rad Brandon...minus actual fleas of course. Your channel rocks man and we Canadian's appreciate it!
People who buy those things, are people who don’t ask others if they should buy those things!! They just do it and it becomes their life.
Unless they have a YT channel and need material for new videos
I'm dreading the Danny DeAngelo ones. The live stream ones were very awkward and just felt so cringe the entire time.
I prefer your real estate videos and would like to see more of that.
I'd say the gas station.
1) It sells something that is essential which means it will be allowed to operate even during these times.
2) It also sells things that are not essential but have better margins (i.e. candy, pop, lottery tickets, etc.)
3) If you are interested in doing a restaurant then later on with the gas station you might be able to expand the operations and add in some type of fast food/restaurant to the operation depending on location and the financial situation with the station
Don’t buy a restaurant, the margins are razor thin and ultra competitive. Do something else with your money 😂
I make 10% on my Franchise restaurant it’s not overly difficult. 21-24k a week, 28% food cost, 23% labor, 10% profit. With a General Manager in place making 60k / yearly .
Looking at adding a gas station to my page though ....
Funeral home... period the end!!! always gonna have business and can gain status in community, funeral home, funeral home, funeral home!!!
People be dying to get in there
Only two sure things in life, Death and Taxes. If Funeral home is to icky establish a CPA business.
2) convince store is a good idea but I’d limit it to how would you do it? You can take ideas how Japan is doing it with FUNUC robotics. The machine can pick your order and have the order ready for pick up at the pick up station and only available after the $ clears.
You can have a vertical farm in the back that’s ran by robotics so you can grow your own veggies so you don’t have to haggle with farmers for your food you are selling. The health inspectors can fault you because it’s a robot growing it and no humans involved so no pesticides. I have a few links if you’re interested
Brandon, the gas station is your best bet. There is so much money that flows into those things. My dad and brother own a convenience store and a small town grocery store in western Idaho. The c-store blows the grocery store out of the water on the daily. People will spend so much money on snacks and beer. It’s a great business to be in. Go with the c-store, I’d bet you’d see the best returns.
I feel you should invest in electric charging station that’s the future
DO THEM ALL! Mwuhaha
Coming from a long time gas station owner had owned multiple gas stations. It depends on the state you live in for example buying a gas station in Florida bad idea there huge competitors WAWA Racetrack you won’t able compete with there prices and deals as a single store owner. Especially with the rise of wholesale big boxes like sams club and bjs. If you want to do it you gotta do it in the countryside.
A real service station with grocery store and diner would be a good old-fashioned business. A catering business, tow company, full service carwash, barbershop, bar and motel could be great extensions.
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Gas station with a drive through and a beer cave. Or the house/apartment flip/giveaway.
I got a great idea. YES, a gas station, but with a large lot and rent a tiny spaces to taco trucks. I know several gas station/convenience store owners here in Texas that are making a killing renting out their extra space to five seven taco trucks plus a car wash, plus an insurance office. At 1 grand a space, that's an extra 5-10 thousand a month of sure revenue!. Not only do your rentals pay for the property taxes but its extra profit. Plus the extra clients at the trucks bring more customers to your store! If you do the convenience store, make sure you do it right. And convenience stores and gas stations do well in pandemics and recessions.
House flipping you have the property manager now to do it quick, you find them she fixes them and boom $$
Wouldn’t get into the restaurant business unless you can make a profit with only To-Go food. The powers that be are going to end the dining experience.
Have considered a motel? That could be something I am looking for..
What about a laundry mat and car wash combo? People could clean their cars while they wait for their laundry. I like the idea they are both self service. When I used to go to the laundry mat, it would get so boring just sitting and waiting. I definitely would have loved to clean my car while waiting! 🙂OR gas station with self serve car wash. I will look forward to watching whichever you decide! Thanks for the great videos!
I would personally like to see the house flip idea, from complete start to finish. As far as my thoughts on what your business should be for 2021 is the house flip. I would use 2021 to get everything in order, managers in place, projects got where they need to be, debt paid down and properties updated as needed. With the way this virus is going who knows how it can keep affecting some of the businesses you mentioned. Nothing wrong with paying down debt and getting completely organized before moving into new ventures.
Gas station or car wash. Don’t bother with the online businesses. There’s too much of that out there.
No to the gas station - around here the big boy (QT) wiped out all of the local mom and pop stations. Self storage - maybe. If you can make an arrangement with one of the big chains to manage it. As far as restaurant- we have a local place that does meals to go from the freezer and cooler - all homemade, top quality, reasonably priced, and they are crushing it.
I’ve always been interested in the self storage business. Thanks for all the info IJ!
How about a twist on Merry Maids. A food truck and a maid service in one. The maid comes to clean and brings oven ready meals. You train your tenants to keep things clean and help them pay their rent by working not stealing. The meals could be from the resteraunt that is only at 1/2 capacity due to lockdown.
Convenience Store!!! I remember the video from March 2020, where you mentioned the sale of lottery tickets. The real winners are the stores that sell them. You’d make plenty of money from that alone. I’d charge a few cents less than nearby competitors for items that sell the most in the store. You’d make a VERY nice profit. You could choose whether you wanted to sell fuel & add charging stations when enough need arises.
Buy a gas station and add electric car chargers so you can do both and with a restaurant right next to it so you can up-sale gas at the restaurant and up-sale food at the gas station.
In my early twenties when I moved to Florida I frequented the local Shell gas station up the road...
after awhile the girls that worked the closing shift would bribe me with beer to stay and help them close, basically go out to the U-Haul trucks they also rented and blow the boxes out with a leaf blower...
and also lock up the drive-thru car wash, that place was rite off I-95 and busy!
Gas station/conv store/restaurant counter sounds good. Especially with good parking.
Gas station with plexi glass and like a Jacksons attached with quick car stuff, snacks, drinks, candy. Nothing to crazy or expensive. But nicely on display with good color schemes and proper lighting
I think a gas station would be interesting. You could try to do something like a truck stop/travel plaza. That way you could have your little restaurant in there, perhaps open 24 hours. Of course, I'd expect a truck stop would be much more expensive than your typical gas station. The trucking industry remains strong. It's hard to say what the trends will be over the next several years, but many have been hitting the roads vs flying to vacation destinations.
Another plus for self storage is that there are not too many laws with evicting stuff vs people.
You're on the right track Brandon. In my opinion, restaurants are typically a bad idea and more so now. They are typically resource heavy, require massive amounts of time and inventory. With the uncertain future of America and COVID lockdowns, might be a disaster, making 2020 look like a walk in the park. No matter what the economy, people always need housing, fuel, food, laundry.
There are plenty of gas station/food places. The best shrimp I eat in Florida is sold at a gas station. Best BBQ in Kansas City is sold at a gas station. If you do a gas station, set up a small hot dog stand inside. Low overhead and big margins in hot dogs
I personally enjoy the house renovation videos. If you were to consider a gasoline station you should factor in the electrification of the carpool. While the cars in Ohio probably mostly runs on Gas you never know how things looks in a few years. Good luck! :-)
Thank you heaps for what you`re doing - it`s helping a lot of us out there who has no idea how businesses are.
Combine together. A gas station with restaurant or take out food place attached.
combine the restaurant idea & gas station and what do you get? a DRIVE THRU! There are quite a few here in cincinanti but only like 2 sells hot food items! it's awesome! They sell pizza by the slice, warm brownie, pretzels & other warm goodies. you can order whole pizza too!
Gas station for sure with convenient store but very good location because the convenient store will be a necessity if truckers are going constantly back-and-forth or people traveling
Gas station. I’m attracted to the weird stories. I think gas station is your best bet for weird stories.
Love hearing the rate of return on these businesses for investments. Disappointing self storage only 8% return. Love the numbers. All interesting ideas.
Gas station and convenience store, but fill the store area with vending machines! No on-site employees needed.
Vending machine videos are always interesting to watch. I personally watch a few people with vending videos.
I like how you keep picking the most unpopular forms of investment (IMO), very old school approach. I appreciate your content. Thanks
During the 90's most, state & federal departments here in Australia began to streamline via redundancies (pay outs).1 man bought a petrol station (gas station in USA) & walked out 6 months later with nothing. He never had a mechanics workshop as a rental & he only saw busy times after work / weekends when tourists arrived. Profit on fuel is about 30-40 cents a gallon USD so the drinks, snacks, cigarettes, workshop is the bonus money to make a dollar or two. He walked out 6 months having lost all his money & Ignorance was to blame for it.
As someone here to learn from you brandon i would like to see the beginning to end house rental i wish your deeper content would do better here