A Million Dollars

A six percent return ($60K on a mil investment) isn't horrible - a typical restaurant nets 5% or so.

If you think you'll net a 300% return ($60K on a $20K investment), you're kidding yourself.

Your idea is a recipe for Bankruptcy.
Businesses exist to make a profit not to lose money on their investment.
:)

Your perspective on what "profit" you can and should expect is not realistic. And a 6% net return is far from bankruptcy, unless you're a dumbass - which you are.

a 6 % return is a 93 % loss dumbass.
:)

Who wants to be typical?

If you really had a million dollars to invest, you could simply let a professional manage it and come out better than 6%. But I agree, it's not bad.

50% or better profit margins are there for the right business

94% rather

LMAO maybe you are a dumbass jk

I spent 25 bucks on a box of candy.
I walked away with $50 after selling the candy.

That's profit.

OK, I have you figured out now... You're 16, maybe 17 years old. You don't understand the simplest of concepts, nor financial terms. You're in la-la land, but that's OK when you're 16. I SAID "NET" you underling! Learn some business terms before you go to a lender asking to borrow a million dollars.

tell that to wall street.

Wall street isn't even playing with 50 % or even 100 % profit.
They run on 1,000% or more profit.
:)

OK, look kid... I'll at least give you some credit for not sitting back whining about a $15/hr min wage. So, as naïve as you are, at least you're starting to THINK.

First, about Wall Street... do you know the difference between a WS broker and a pigeon in a market crash? The pigeon can still make a deposit on a BMW.

Second, let me give you some idea of just how much a million dollars is. A dollar bill is 0.0043 inches thick. A million of them will stack 358 feet (1,000,000 x 0.0043/12 = 358). A football field is 300 feet and the end zones are 30 feet deep each. So, if you stack one million one dollar bills, it is about the length of a football field to include both end zones. Remember, that's stacked like a deck of cards, not laid side by side or end to end.

Third, "NET" means after all expenses are paid. If you invest a million dollars and have $60K left over after busting your ass for a year and after paying ALL EXPENSES including the interest on the million dollars you borrowed, that's a 6% return. As I tried to tell you, restaurants typically net 5% - and that's after a shit load of bust ass work, dealing with the local inspectors, and listening to a bunch of whiny-ass employees who want a $15/hr min wage. Many restaurants go completely out of business when min wages are increased by law.

You can get an insurance bond to cover the million for peanuts. At least in Texas.

Next lesson:

If a million one dollar bills stacks the length of a football field (plus both end zones), how much is a billion and a trillion.

A "Billion" one dollar bills will stack approximately 68 miles. When you hear the politicians use the term "billion" think 68 miles.

A "trillion" one dollar bills will stack approximately three times around planet Earth at the equator! (a little less than that, but it's close enough).

And, we're 20 trillion in debt. To visualize how much that is, imagine about ten stacks of dollar bills to the fucking MOON! And that doesn't include unfunded liabilities.

I've heard we may have $200 trillion in outstanding "unfunded liabilities." Unfunded liability means money the US government has promised to pay out and has no clue where the money will come from. If the number really is $200 trillion, then imagine how your generation is going to pay 100 separate stacks of one dollar bills to the fucking moon! Good luck with those ideas of how much profit you'll be able to take home when the government gets done raiding your business to pay for this shit.

And if you truly understand my posts above, you'll understand why silvertards are silvertards, preppers are preppers and guns and ammo tards are guns and ammo tards.

This shit isn't going to work. The whole mother fucking thing will collapse just as Venezuela, Argentina and Zimbabwe have. It's not a matter of if. There is no way millennials are going to generate 100 stacks of bills to the fucking moon to pay for boomer retirements, health care, social security, etc. At some point, you'll need supplies and guns to defend them. Don't laugh at preppers. They can see WTF is coming - they just can't say when it will happen.

this thread is so dumb it makes my eyes hurt

bump for the optomologists in the house

What??? That's a horrible return on a million dollars. The average PE of stocks is historically around 20. But people don't buy at 20 unless it's a growth stock. For things like utilities (and freaking taxi cabs), the historical PE is about 8-10 x earnigns.

10 * earnings. So 60,0000 is worth around 600K assuming NO inflation. Given inflation and a decent expectation of return, if the license costs more than 500K or so, it's overpriced.

Of course, if you're a dumbass (as would be anyone thinking a 1M dollars is a decent price), you'd make a current license holder very happy if you bought his license for double what it's freaking worth. SMH. This is why you shouldn't be giving advice on GLP. Too many people THINK they know what they're talking about, and actually don't know shit.

You seem to know nothing about the finance of business; no need to prove it further.

if you aren't doing any driving yourself, then its good money for nothing.

And i don't know about the states, but where i am.. only certain amounts of licenses are issued per year,
and licenses do get sold privately.. therefor, you can always get your money back on the license when you are finished with your taxi.
Also, in the last 18 years price for a license has gone up 10 fold.. so it is also an investment.