Recently the owner of my local ice-cream shop down by the beach has listed it for sale. I got intressted beacuse I am a student and and during the coming summer I have no job and so I thought that it might be a good business idea to buy the ice-cream shop and run it myself during the summer.
The current owner has listed it for sale at 30k but has offered to rent it for one summer at 5k. The current owner claims that he has sold between 800-1400 dollars worth of ice-cream per day when he has operated it during previous summers.
Buying or rather renting this shop because I can't afford afford to buy it right now for 5k would mean depleting all my savings but if the owner isn't lying and I'll be able to sell 800-1400 dollars worth of ice-cream per day than the investment would probably be worth it right? What are your guys opinion?
I know this wouldn't really be a fastlane business but I am still curious to know what you guys think.
Edit: Thought I should also include that the owner said that she bought it in order to give summer jobs to her kids and that they only had open during the best day of the summer. So even if the revenue number are right and she's not exaggerating (wich she probably is) they are the revenue runners during the best days when the beach is crowded and everyone is buying but I don't think the rainy days will be as profitable. Also to clarify its a really small shop, more of a stand than anything, a kiosk if you will.
The current owner has listed it for sale at 30k but has offered to rent it for one summer at 5k. The current owner claims that he has sold between 800-1400 dollars worth of ice-cream per day when he has operated it during previous summers.
Buying or rather renting this shop because I can't afford afford to buy it right now for 5k would mean depleting all my savings but if the owner isn't lying and I'll be able to sell 800-1400 dollars worth of ice-cream per day than the investment would probably be worth it right? What are your guys opinion?
I know this wouldn't really be a fastlane business but I am still curious to know what you guys think.
Edit: Thought I should also include that the owner said that she bought it in order to give summer jobs to her kids and that they only had open during the best day of the summer. So even if the revenue number are right and she's not exaggerating (wich she probably is) they are the revenue runners during the best days when the beach is crowded and everyone is buying but I don't think the rainy days will be as profitable. Also to clarify its a really small shop, more of a stand than anything, a kiosk if you will.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Last edited:
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
