If you had 1,000,000 to buy a business what would you buy?

Question

If you had a million to invest in a comapny etc, what would you starT? I need to come up with some profitable ideas... keep in mind its a struggling economy in Mi, but can do work basicly anywhere.

Answer 1

Lever it to buy a $1.5-2 million dollar apartment complex in a good area with 90-95% current committed rents. It will pay for itself in time, and will also appreciate in value.

Answer 2

Coffee shop.

Answer 3

What is your goal?

If it is just to make money, you could invest the million in the stock market, get about 10% a year in dividends to live on, never touch the principal and as the market goes up so does your money.

If you wanted a more safe investment , you could buy triple tax fee Muni's, get about 4% on one million, which is $40,000 a year tax free, which is like making about $65,000 per year before taxes, and agian never touch your principal.

Of course it won't increase in value either.

If you want to do something you love, well what do you love to do? You could use the money for education, to start a business, or become a partner in a business you like.

If you have a job and don't need income immediately, there are some fantastic real estate deals around now, buy investment properties that could double or triple your money in 8 to 10 years.

It all depends on your goal, personally, I would make 8 low budget movies, at $100,000 each hoping one would make it and give me a career in film. The $200,000 left over would be the money I would live on for two to four years , making the 8 movies.

Answer 4

probably something internet based.

Answer 5

Ice Cream or shoes

Answer 6

Some commercial rental properties have fallen in price quite a bit.  And they will probably fall a lot more before this economic crisis is over.

I'd say wait for the prices to drop more and then buy rental properties close to downtown.  Because that's where a lot of people will want to live in the future due to high gas prices.  Close to work and close to shopping.  That's where property values and rents will go up the most.  While property values far out in the suburbs may never fully recover.

Answer 7

I would buy a nursing home.  There are more old people everyday and they can't take care of themselves. They need somewhere to go and it could be a gravy train once you got it up and running.

Answer 8

base on the economy today u really don't want to get into a big investing. i suggest that u should turn ur money into gold or silver. it always a good idea to keep gold or silver than dollars. b/c u can use it anywhere in cast of something happen n u never loss a profit by keeping gold nore silver.

Answer 9

The company i would buy for 1,000,000 dollars would be Mc Donalds or i would split half of the money buying wal-mart.

problems-Below

mc-donalds-they need to clean there places!

wal-mart- they need to decorate!

Answer 10

if you have 1mil, you should start a service business and purchase the best equipment. Carpet cleaning, dry cleaning, something like that

Answer 11

A ketchup making business.

Answer 12

franchise at Mc Donalds