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re: Liquor store- good investment?
Posted on 7/7/23 at 6:52 pm to Random MsState Fan
Posted on 7/7/23 at 6:52 pm to Random MsState Fan
I’ve thought about asking this question on here multiple times.
Why do all of these Indians open convenience stores? Do they know something we don’t? Why convenience stores? How do they learn American business so quickly and courageously?
Why do all of these Indians open convenience stores? Do they know something we don’t? Why convenience stores? How do they learn American business so quickly and courageously?
2
Posted on 7/7/23 at 8:15 pm to BayouBengal23
They get favorable ‘minority’ loans
They pool their money together
They only employ family members so overhead is low
If there is 5 of them they all work until they can get the next guy a store then the next guy then the next guy then when all of them have one store they start getting everybody a second store etc. it’s a cycle they will repeat as many times as they can.
They pool their money together
They only employ family members so overhead is low
If there is 5 of them they all work until they can get the next guy a store then the next guy then the next guy then when all of them have one store they start getting everybody a second store etc. it’s a cycle they will repeat as many times as they can.
Posted on 7/9/23 at 2:25 pm to BayouBengal23
They are similar to McDonalds. They own the real estate and sell cokes, cigs, and gas to pay for it (similar to burgers and shakes). I know of one family in Texas that owns 55 or 56 locations. They run the convenience store as a way to pay for the real estate and a moderate income. Multiply that by 10-20-50 locations and now it’s law of big numbers.
They are also shroud negotiators and will not pay $1 more than they think they should and if they don’t want to they will walk and never talk to you again.
They are also shroud negotiators and will not pay $1 more than they think they should and if they don’t want to they will walk and never talk to you again.
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