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How much does each machine make monthly? Gross vs net.
My numbers are going to be estimates, since I was dumb and didnt do much inventory management (each snack had a different profit margin)
Machines in my good locations (which weren’t great locations, just good ones) would gross about $300 and net about $240.
In business generally the way that one company takes over another is through negotiations, contracts, and payment. Look at it like this: Company A wants to obtain Company B. Company A and B begin having discussions where Company A outlines all of the advantages of being acquired by Company A (e.g. easier access to resources, streamlined processes, a stronger legal department to protect against lawsuits, etc.) until eventually an agreement is made and Company A takes over Company B.
I started a lawn care company (The Lawn Squad ) in 2017 while a college student pursuing my degree IU in Bloomington, indiana. 2017 was slow and I didn’t take it very seriously but I had a website and a GMB (Google My Business) location and a lot of my competitors didn’t. I got a little bit more serious in 2018 but still stopped answering the phone and chasing new leads half way through the year because I got overloaded with school work.
This post is mostly for those who’re thinking about starting a landscaping business. If you have one, there may still be some values in it.
I started a landscaping business from 0 to 23k service appointments in 4 years.
Currently 19 years old, full-time college student studying Accounting. I started a knife sharpening service and make $50/hr
I run a knife sharpening service in my town out of my parents’ garage. I pick up kitchen knives for residential homes, sharpen them, and return them in under 2 hours. I’m not even trying to really scale up right now. I also run a (fairly successful) online ACT tutoring service and have been mowing a lot of lawns as well.
I am currently 31M, married, no kids, living in San Diego and working as a senior front-end engineer + running a real estate startup on the side.
My portfolio consists of 35 total units, mostly 4-plexes, with a duplex and some SFRs sprinkled here and there. 3 units in San Diego, 1 in Atlanta, 3 in Birmingham, 28 in Kansas City.
My units cash flow between $250-$350/door and the total cash flow of the portfolio is about $10-11k/month (accounting for vacancies as well). My average COC return at purchase is about 15% and long-term IRR is usually 20%+.
