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Started By
Message
re: Twice The Ice - any profit in these franchises?
Posted on 6/15/14 at 9:58 pm to Cash
Posted on 6/15/14 at 9:58 pm to Cash
I just don't see the numbers. Those machines are $150,000 and you've still got rent and a hefty electric bill.
Of course I could be way off on these but:
$150,000 @ 4.5% for 10 years = $1554.00
Plus $500/mo for land lease, $700 for water and $1,000 for electric.
That's 2,500 bags of ice a month (83/day)to break-even. I just don't see it.
Of course I could be way off on these but:
$150,000 @ 4.5% for 10 years = $1554.00
Plus $500/mo for land lease, $700 for water and $1,000 for electric.
That's 2,500 bags of ice a month (83/day)to break-even. I just don't see it.
6
Posted on 6/15/14 at 10:00 pm to Golfer
quote:Yep - that's about what I was seeing. They're cool, but you can't put "cool" on a deposit slip.
I just don't see the numbers. Those machines are $150,000 and you've still got rent and a hefty electric bill.
Of course I could be way off on these but:
$150,000 @ 4.5% for 10 years = $1554.00
Plus $500/mo for land lease, $700 for water and $1,000 for electric.
That's 2,500 bags of ice a month (83/day)to break-even. I just don't see it.
This post was edited on 6/15/14 at 10:09 pm
Posted on 6/16/14 at 6:49 am to Golfer
quote:
That's 2,500 bags of ice a month (83/day)to break-even. I just don't see it.
Could work near a lake or beach in S. Florida, or someplace else it's warm year round. Even in Louisiana, you're not getting much traffic in Jan-Feb.
Posted on 6/16/14 at 8:46 am to Golfer
$150K is the most expensive model. Most of the ones I see are the midsize model which I'm guessing is significantly less.
I think you need to deploy a few of these on land which you already own, and be handy enough to fix them when they break.
I think you need to deploy a few of these on land which you already own, and be handy enough to fix them when they break.
Posted on 6/16/14 at 9:04 am to Golfer
quote:
$700 for water
700 dollars for water?
seems like a lot, unless i'm missing something
Posted on 7/6/15 at 8:31 am to Golfer
quote:
I just don't see the numbers. Those machines are $150,000 and you've still got rent and a hefty electric bill.
Of course I could be way off on these but:
$150,000 @ 4.5% for 10 years = $1554.00
Plus $500/mo for land lease, $700 for water and $1,000 for electric.
That's 2,500 bags of ice a month (83/day)to break-even. I just don't see it.
I wish I had you before I started my glass business
I just bought a bunch of shite and went to work. Took a couple more years than I thought it would to get going.Posted on 7/6/15 at 8:44 am to Golfer
quote:If the business model doesn't work at $150,000, then why aren't there plenty of used machines available for less cost from failed business owners?
Those machines are $150,000 and you've still got rent and a hefty electric bill.
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