- Original Poster
- #1
My current business is great, I enjoy the work and we have plenty of it. It generates enough money to pay the mortage, bills and most of my other halfs shopping bills.
However, if I'm not here and working at it it doesn't generate very much at all (plans are afoot that will change this).
So, I'm considering geting involved with another business. I'm currently looking at an internet cafe.
I have a location in mind. It's an area where there is a busy market on Sat, Sun, Wed & Fri but not very busy on other days. There is no other cybercafe nearby. We'll possibly offer other services - ie PC repairs, components, etc.
I have somebody with the technical abilities to do the day-to-day stuff and he would be happy running the place for a small salary, accomodation in/above the shop and a small share of the company.
I can get the money together to cover the start-up costs.
I still need to do some cashflow projections and a lot of research but I'm interested to know if you guys have any experience of or any thoughts on setting up and running this type of business?
Also, there is a rumour that the market may be closed and a new housing dvelopment built. How do I get this confirmed? Which department of the council do I need to talk to?
Also, how would you go about the market research to determine wether there is in fact a need for htis type of business in the area?
I'd love to hear your opinions.
However, if I'm not here and working at it it doesn't generate very much at all (plans are afoot that will change this).
So, I'm considering geting involved with another business. I'm currently looking at an internet cafe.
I have a location in mind. It's an area where there is a busy market on Sat, Sun, Wed & Fri but not very busy on other days. There is no other cybercafe nearby. We'll possibly offer other services - ie PC repairs, components, etc.
I have somebody with the technical abilities to do the day-to-day stuff and he would be happy running the place for a small salary, accomodation in/above the shop and a small share of the company.
I can get the money together to cover the start-up costs.
I still need to do some cashflow projections and a lot of research but I'm interested to know if you guys have any experience of or any thoughts on setting up and running this type of business?
Also, there is a rumour that the market may be closed and a new housing dvelopment built. How do I get this confirmed? Which department of the council do I need to talk to?
Also, how would you go about the market research to determine wether there is in fact a need for htis type of business in the area?
I'd love to hear your opinions.