A Wall Street Oasis topic has never inspired me as much as the thread posted two days ago titled, "Gas Station, Car Wash, Fast Food - Owning Unsexy Businesses.” If you haven’t read through it, I highly recommend you do. The post provides ideas for various unsexy, everyday businesses that provide stable cash flow. I’m in my first year of a two-year pre-MBA private equity role and the topic got me thinking: instead of paying $100k+ of tuition, why not buy a business and teach myself? The upfront cost could potentially be the same, but the experience could provide both an education and income. The thread mentioned BizBuySell, an online marketplace for small businesses. I checked out the site for the first time and was really impressed with the large number of listings. There are some interesting opportunities that seem reasonably priced.
Is there a way we can have it all? I want a sexy business that produces sexy cash flows. I found these on bizbuysell:
Water Sports Business in the Caribbean
Description: One of the world's largest water sports companies offering scuba, snorkeling, day sails, cruises, parasailing, waverunners, dinghies, sunfish, kayaks, hydrobikes, and paddle boats. Located for over 24 years at the largest resort on one the most highly regarded island in the Caribbean.
The business has been profitable and growing for years, with $1,085,177 in 2012, $868,349 in 2011, $712,428 in 2010.
Competition: Largest water sports provider in area. No one can offer the variety of activities, much less meet the high level of quality customer service.
Support/Training: The top management will stay with the new owners. The management are talented, experienced and well trained. There are written procedures for each job function. In addition, the owner will provide orientation and training for the transition. The current management runs the day to day operations.
Reason Selling: Owner/founder has been building this business for over 29 years and is now 60.
Link: Water Sports Business for Sale at BizBuySell
Here's another:
High End Luxury Yacht Leasing – Virgin Islands
Link: Yacht Leasing Opportunity at BizBuySell
I'm not necessarily highlighting these businesses as ideal candidates. They are definitely not turnkey and require some operational and service expertise. There are issues with both, but I’m having fun dreaming!
Do you guys know anyone who runs a sexy, profitable business? Can you think of opportunities that allow you to live in a beautiful place and make a good living?
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