There are many businesses that could give you the return you're looking for, but the first step is defining what return you need? Are you looking for 10% annual return? 20%? The second step is to evaluate what would be competitive in your local market. Your Wingstop idea might not work if there are already a bunch of other established Wing places in your area. If on the other hand there isn't a single wing place in your area, then a Wingstop could do incredibly well. Be careful with franchising, because it can often be very expensive and you need to follow the franchiser's playbook exactly. The benefit of a franchise is that the gameplan should work if you follow it. As for a barbershop, again, that will depend on your area. I know a guy who owns a barbershop and it seems like a tough business. It tends to ebb and flow throughout the year. Finding qualified barbers who already have their license has been tough as well. Whatever you decide to do, make sure you educate yourself on business. The Small Business Administration offers workshops and reading materials that might be useful to you. Make sure you understand how to put together a business plan and actually do it. Also make sure that you understand key financial statements and that you maintain these. Your plan and your numbers are what will make or break the business.
If you're looking for DEFINITE return, then a franchise business is probably not your best bet. It would be marginally better than starting completely on your own, as there's already a proven concept, but many franchise businesses fail.
For a definite return, try T-bills or TIPS. If you are willing to shoulder a little more risk, blue chip stocks or index funds might be good.
Unfortunately, there are no "definite" investments in businesses. The success of any business depends on having adequate funding, skilled management, advertising, location, location, location, competition, great customer service, and did I mention location. Anyone investing in a business must be able to evaluate these factors. Furthermore, a business can be successful in terms of all these factors and still be a poor investment -- because it doesn't generate profits, dividends, or ROI (return on investment).
I have a horticulture project which has good returns on investment. Would you be interested to invest in it and earn good returns on your investment? Please let me know and it will be my pleasure to give you more details.
I'm looking for something that's pretty much DEFINITE on return, I'm thinking of trying to franchise a "Wingstop" or Maybe a Barber shop? Help please.
