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ujyalo
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Posted on 03-22-15 9:55
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Hi I am trying to buy a store in downtown, LA. Is it too risky out there? like getting shot or robbed again and again.
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Fuel Tank
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Posted on 03-22-15 11:53
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Big Investment, more research is needed bro. check how is crime rate in the area. do more researh in demographics like how are the near by schools (good school generally means VERY low crime rate), what kind of people live around (black/white/ brown immigrants) , what is people's average income, what is their average expenditure etc.
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ujyalo
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Posted on 03-23-15 2:23
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40-50 grans investment. Store opens at 7 and close at 9. Hispanic neighborhood they said. Cash flow is 75 grans and income is 225 grans. Store has no bulletproof though. Looking at the store operation time I feel like crime is high otherwise they would not have closed so early. There are other things that bothers me like new in LA so hard to find affordable apartments as apartments there costs high like 1000 for one bed etc.
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Fuel Tank
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Posted on 03-23-15 11:14
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Nobody sells a running business if it is doing good. Find out the actual reason why they are selling. Dont just believe the reason they say what it is. With the cash flow / profit, looks like a good store. (by the way with experience of dhoti ko ma ghanta haneko,) in black and mexican neighborhood, you get REALLY good business, they spent everything, they dont save in bank like white folks. Then again there is give and take, crime is high. I hope it helped a bit.
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sojoketo
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Posted on 03-23-15 2:41
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40-50 k investment mai store kholna milca.. shame on me..i lost that much amount in casino..
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