What business would/could you start with $20k?

[SameOl'Sh!z]

If you had $20,000 to start up a company what would you do?

I've looked into a home based ffl but the earnings are slim with the vast amount of online retailers that sell for rock bottom prices. I watched a youtube video of a guy that said he sold $250k worth of firearms last year and only made a $30k profit.

Manufacturing ammo would be nice if the licensing wasn't such a hassle.

Storage unit auctions with a retail store or flea market setup. Hit and miss.

Maybe buy into a franchise?

What would you do?

Remember $20k is your limit.

 

[remauto1187]

Sell bootleg INGO stickers and hats?

 

[gregkl]

Start a handyman business.

 

[1775usmarine]

Did you happen to sell a full auto ak?

 

[Trigger Time]

Hookers and blow

 

[Mosinguy]

Model railroad business. The models have a 40% markup on average. People eat that stuff up and if you're knowledgable and can become known amongst people in the area you're golden and so are your children provided they are knowledgable and want to continue the business.

 

[SameOl'Sh!z]

Hookers and blow

 

[SameOl'Sh!z]

Model railroad business. The models have a 40% markup on average. People eat that stuff up and if you're knowledgable and can become known amongst people in the area you're golden and so are your children provided they are knowledgable and want to continue the business.

Would've never thought of that. I know model trains have a large following.

I have a friend who wants to start a commercial kitchen exhaust hood cleaning business. I had never thought of that either. Pricey to start though.

 

[mbills2223]

$20,000 is barely enough for a franchise. The only established business I could think of off hand that you might be able to get in on with 20k would be Redbox.

 

[Snapdragon]

Not so much a business because it wouldn't make a lot of money, but I'd love to start an animal rescue--mostly dogs and cats.

 

[hoosierdoc]

It doesn't take much money to start most businesses. Bootstrap yourself up in whatever you do. Do not go into debt.

 

[indyjohn]

.

 

[RLC]

First identify your market. Who's going to pay you and Why? FFLs generally don't make much on markup. I was down that path. Franchises tend to be expensive and sometimes you may have a better idea. (I also did this in the 90s.) Do not plan to make a profit the first 2 to 4 years on a start up. I know there have been exceptions but it takes time to establish a customer base. Like Hoosierdoc said don't go into Dept until you see a positive cash flow to pay expenses and cover any loan fees. This may not answer your original question but I don't know what you like to do or your business experience. How much cash you need depends on the type of business your looking at.

 

[usafmora]

Bailbonds, these damn crackheads in my county would make me rich.

 

[aaron580]

Pawn shop.

 

[loony1]

E Cig shop

 

[Tyler-The-Piker]

Food Truck

 

[wtfd661]

 

[Bradsknives]

Pawn shop.

At the very minimum $200K for a pawn shop. The pawnbrokers license requires that you have a minimum of $100K in liquid assets and you have to show that every year to re-qualify for your license. So you can't even use that because it needs to be there every year for your license renewal. You will need a minimum of another $100K to get started and that is if you are located in an area with a small population. I have been there and done that........for 10 years.

 

[Bunnykid68]

Brothel