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Most profitable businesses in your hometowns?

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SergioBernal

PARKED
Jan 17, 2022
3
0
Hi everyone
My name is Sergio I actually live in France and I am searching for business ideas for generating money and adding value to the society, actually I am 19 years old, I am from Bolivia and I have started reading books as the millionaire fast lane long time ago so any recommendations first to start and then of business that you have seen in your home towns that you think are great and profitable? Thank you!
 
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thechosen1

Legendary Contributor
EPIC CONTRIBUTOR
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Speedway Pass
Aug 25, 2020
2,748
5,810
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Industrial.

I've researched and verified this: the "pretty" cities in my county (county, not country) have terrible averages for private business revenues, and the "ugly" industrial towns have sky high private business revenues (most of these are "small" businesses, but the $$$ are anything but small to most people)

tldr; think heavy industry, shipping, chemicals and contractors, not "gift shop" if you're talking big.

...unless you are talking 100 gift shops.
 

SergioBernal

PARKED
Jan 17, 2022
3
0
Industrial.

I've researched and verified this: the "pretty" cities in my county (county, not country) have terrible averages for private business revenues, and the "ugly" industrial towns have sky high private business revenues (most of these are "small" businesses, but the $$$ are anything but small to most people)

tldr; think heavy industry, shipping, chemicals and contractors, not "gift shop" if you're talking big.

...unless you are talking 100 gift shops.
Do you have someone in mind that requires little capital or be easy to get started?
 

thechosen1

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Speedway Pass
Aug 25, 2020
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easy850

New Contributor
Read Fastlane!
Aug 8, 2021
14
13
I knew a guy in high school whos parents owned a car scrap business.

They broke down junker cars and sold the parts in store and online.

It was a small operation and I didn't think they made that much, until I heard through the grapevine that they sold their business to a bigger player.

You want to know the amount?

$80 million dollars.

Goes to show it's not the pretty businesses that end up making the most.
 

thechosen1

Legendary Contributor
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Speedway Pass
Aug 25, 2020
2,748
5,810
USA
I knew a guy in high school whos parents owned a car scrap business.

They broke down junker cars and sold the parts in store and online.

It was a small operation and I didn't think they made that much, until I heard through the grapevine that they sold their business to a bigger player.

You want to know the amount?

$80 million dollars.

Goes to show it's not the pretty businesses that end up making the most.
Bingo. I know a family who sold their industrial contracting company for the same (around 80 million). They had over 1,000 employees though, so technically not “small” since that caps at 250 employees.

However, the richest person in my town created a very popular chain of branded gas stations.

He and his partner own two private jets...
 
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