Hi Every one,
My name is Johann and i am 25 years old. I have one IP which is almost paid off and i bought another ip at the start of this year. I live with my parents and i work in real estate.
I want to have a small business on the side for extra cash flow.
I was thinking of either getting some vending machines or a coin laundrette place.
Any suggestions on either business or what other small business are good for small cash flow?Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone MeYour first port of call in finance :)
I was offered a laundrette in New Zealand once – probably around your age actually – but had other things on my agenda. I often kick myself for not looking into it more thoroughly. The area was low income and multicultural and was always busy. However that was a long time ago, so i don't know what the demographics for that style of business would be like today, with washing machines being a lot more common even in the low income areas.. But definitely have a look at that option. Maintenance costs would be one of the first things to look at.
Good luck.
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