Reply to I'm will come into 100-200k in the next two years

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Reply to "I'm will come into 100-200k in the next two years"

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[quote=Anonymous]MBA and business owner here. Franchise is probably best in your case. Realize that for many of them, the numbers only work out if you put in a lot of hours, so be prepared for that. For example, if you were to buy a Subway franchise, then if you have only one, the numbers only work out if you put in your time to it managing it hands-on. It's only when you get to 5 that you can sit back and afford a full-time manager.

Another option is to buy an existing business. Here's some for sale in MD for example: https://secure.bizbuysell.com/maryland-businesses-for-sale/?q=/wEFC2xzcl9ybGJwbj0x (also look on Craigslist)

Since you have kids, you may want to look at Gymboree -- I know they are looking for someone to open one up in upper MoCo (Clarksburg area).

I'd say go more towards buying a business that already runs instead of starting one by licensing a franchise. You don't have enough $$ in most cases to start the franchise, and it's more of a risk. Also with an existing business, you can make a deal with the current owners to advise you for a year or two.[/quote]

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