Just curious. Looking into investing in some small businesses and heard couple months ago that there are ton of new towns being developed in Florida and Texas. Is that still going on?
Are small businesses still opening up? How do I approach investing in them? How big is the market?
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Yes, Florida is hot, hot, hot. They're are really big in healthcare deals because old people don't want to die. And cyber security is growing even to a high extent. Market isn't enormous, but is growing. That growth is probably cooling off since covid however.
Thank you. That’s interesting.
Besides the sectors how do you think the market for variety of local businesses are? I’m talking liquor stores, restaurants, etc…
I have a public markets background so clearly I’m not well educated on private markets but I’ve been wondering if there’s like a way to package a bunch of small businesses that’ll generate stable cash flow with low variable cost into a financial product.
I’ve been doing some market research around packing in small.
Typically those guys get loans, small business grants, family and friend money, or self fund.
"More people moved to Florida than any other state in the country in 2022, according to a new report from the National Association of Realtors. The Sunshine State saw the highest net domestic migration gains last year, with its population growing by 1.9 percent."
https://thehill.com/changing-america/sustainability/infrastructure/3839….
I mean specifically around are new businesses still opening up in Florida?
Wouldn't the relevant factor be the population demographics the businesses you're interested in (restaurants, liquor stores) are serving?
According to Trump, Florida is a hellhole driven into the dirt by Ron DeSantis.
Look up a business broker for any space. Restuarants are a narrow margin as I'm sure you know, but the package store would make decent money. Also depends on how hands on or off you want to be. Plenty of smaller companies out there you can own and not to be into day to day if that's not you'r thing. IE even a carwash where you just have to collect the quarters every few days. Or buy some real estate. Not saying start a REIT and buy up entire complexes, but just a quadplex or two.
Thank you!
Liquor stores seem pretty good if I wanted something passive. Just curious, how do you even go about buying one of those?
As for real-estate, I've always been real-estate shy. What areas do you think I should be looking at? Urban vs Rural? Tampa area vs South Florida vs Jacksonville?
I mean, I could do my own research here by going down there and actually checking out the whole places and what not, which would be a lot of fun. But figured I should ask.
Like a weed and it needs to STOP. Never used to have this much traffic and prices at the bar jumped like 20-40% all over the place in a matter of months...
What parts of Florida?
do you think it’s temporary? Or is that there to stay?
All over, can speak to it first hand since I've a couple places in different parts and it's the same story in both. SoFlo (particularly Miami) is the most insane looking at rents / home prices in the last 18-24 months, but lots of places along the Gulf Coast and in Central are also going up faster than ever before.
Yes but I think Miami is overvalued tbh rn - go on Zillow and look at what some of the ratchet houses cost it's outrageous and laughable. $400K for a trap house with a bathtub sitting on the front lawn type of thing. I think West Palm is the future.
Would be very interesting to see population stats on the people moving to FL. Reputationally, it’s America’s retirement home (and that seems to reflect when I visit), and the US population is aging significantly (as are most developed nations).
Could mean massive population growth for decades to come, but not necessarily economic growth drivers if the bulk of the population isn’t in the workforce (huge demand indicators for senior housing, golf courses, and elder care though…)
When I moved to FL from Boston in 1993, the state population was approx 12M. Now it's 21M+. Way behind in infrastructure but the service industry is doing quite well. No longer "God's waiting room" as quite some time ago there were more annual births than deaths. Used to be very few you'd meet were from here. Now they all have kids (including myself) who are born and raised.
Where can I find data on Florida's population changes?
Ideally, I want to run analysis on:
1) people moving in vs moving out per age group
2) above segmented by regions in Florida
3) Correlate age with small biz growth
check with state databases or possibly some universities might have this data
Florida is definitely in our future. Tech and finance are both growing there , and with Miami/ Tampa being gateway cities, there’s a lot of opportunity. Homes prices have soared, which sucks, but expected since people are fleeing high taxed states elsewhere
Can give knowledge based off living there, the Cape Coral area is being developed pretty fast. Overall, great place to look at real estate or possible business investments. Typical suburban South West Florida city with a crazy amount of water access. Just across the river is Fort Myers Beach (the one that got wiped from Ian) this will be the next landing ground for all the major resorts that weren't there before. Since all the smaller hotels, homes, restaurants and shops got wiped out, property (just the remaining property minus the buildings now) has been selling for 2-4 times the selling price before Ian. Knowledgable about this since I live on the Island. Will definitely be a long term hold for real estate and it is most likely too late but keeping an eye on the tourism market that it will draw would be good for the future.
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