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Businesses that are recession free or low failure rate

MrMessi

Well-known member
Mar 12, 2009
1,247
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Teenagers love to eat so anything food related near a high school. Only 10 months of the year though.

At the high school near me there's a Subway, McDonalds and a Little Ceasers and there's always a line up at lunch time. At the LC the kids don't even share a pizza, the eat the whole thing.
A fast food franchise close to a school or college isn’t a bad idea but i would need at least $500,000 for anything decent these days.
 

farquhar

Well-known member
Jan 25, 2019
993
743
93
What business would you start with $250,000”-$300,000 in 2023 with a low failure rate other than real estate?

Let’s exclude health care because I’ve just left that industry, had great financial perks but had to move on from it.
Checking the Commercial Listings on Realtor.ca, you can buy an Established Hair Salon in a Strip Mall for $75,000 - $100,000.

In good times and bad, people want to look good.

I believe in most cases you don't directly employ the Stylists; they simply rent the chairs from you.
 

barnacler

Well-known member
May 13, 2013
1,452
831
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barnacler

Well-known member
May 13, 2013
1,452
831
113
In a recession people buy new less, repair more.

Don't know if there are any ready-to-go repair franchises though.
 

silentkisser

Master of Disaster
Jun 10, 2008
3,551
4,339
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Construction and their subcontractors. If you're a young man, you'll have a well paying job.
That's not totally true. I mean, with interest rates going up and inflation still persistent, it's just a matter of time before builders halt projects. Now, people might still do renos, but probably not at the same rate as in the low interest rate period. Sure, some will always be busy, especially the trades, but general workers will likely feel the pinch at some point...
 

silentkisser

Master of Disaster
Jun 10, 2008
3,551
4,339
113
Good business, high costs, most probably around $450,000 to start, more than i would like to invest.
I recall back in the early 2000s there was a REIT/Income trust that was for funeral homes...until Jim Flaherty changed the tax exempt status of those companies...Not sure if it's still around and I cannot remember the name..
 

Goodoer

Well-known member
Feb 20, 2004
2,752
1,465
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GTA & Thereabouts...
That's not totally true. I mean, with interest rates going up and inflation still persistent, it's just a matter of time before builders halt projects. Now, people might still do renos, but probably not at the same rate as in the low interest rate period. Sure, some will always be busy, especially the trades, but general workers will likely feel the pinch at some point...
I was mainly referring to the ICI sector. Big projects.
 

silentkisser

Master of Disaster
Jun 10, 2008
3,551
4,339
113
I was mainly referring to the ICI sector. Big projects.
Fair enough. There might be a lot of them coming down the pike in the next few years in Ontario and elsewhere (I know Biden got that massive infrastructure bill passed earlier this year).

I recall hearing that some businesses that thrived during the Great Depression included things like small candy companies. Wrigley gum, Mars bars and what not. They were not super expensive at the time, and everyone could enjoy something like that once in a while.

As for what is a truly recession proof business? Funeral homes for sure, barbers/hair stylists. The medical profession in Canada (with the exception of dentists. I mean, if you don't have a job you probably won't go for your cleanings until something goes horribly wrong). Repo/debt collecting probably would thrive in that scenario...

I'm not sure about sex work. I mean, strip clubs are dying across the GTA, so that might be a hard business to remain in.
 

oil&gas

Well-known member
Apr 16, 2002
12,221
1,618
113
Ghawar
Crombie REIT (CRR.UN:TSX) is a reasonable choice of a
defensive stock that should survive a recession.
 

Moose134

Active member
Jan 7, 2016
93
132
33
What business would you start with $250,000”-$300,000 in 2023 with a low failure rate other than real estate?

Let’s exclude health care because I’ve just left that industry, had great financial perks but had to move on from it.
Depends how much time you have & your commitment level.

If you have lots of time & commitment, consider working backwards. Figure out your major values/priorities (search up value determination from Dr. Demartini) and do something in your highest value.

If you don’t have a lot of time or commitment, buy a property out of the city & Airbnb it or rent into it.

If you want absolute hands off, dump it into a 4.5% GIC or let me trade it for you 😈
 

poker

Everyone's hero's, tell everyone's lies.
Jun 1, 2006
7,746
6,009
113
Niagara
Extremely cyclical.
Canada’s long term immigration plan right now says otherwise. I know the Cons can get in… but Immigration and Oil Sand were Harpers entire financial plan…. I don’t see any alternative for P.P..
 

barnacler

Well-known member
May 13, 2013
1,452
831
113
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Moneyclutch

Member
Sep 13, 2013
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What business would you start with $250,000”-$300,000 in 2023 with a low failure rate other than real estate?

Let’s exclude health care because I’ve just left that industry, had great financial perks but had to move on from it.
Ship tools to 3rd world countries in Asia and Africa
 

Moneyclutch

Member
Sep 13, 2013
618
671
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What business would you start with $250,000”-$300,000 in 2023 with a low failure rate other than real estate?

Let’s exclude health care because I’ve just left that industry, had great financial perks but had to move on from it.
Create an app for Android
 

Moneyclutch

Member
Sep 13, 2013
618
671
93
What business would you start with $250,000”-$300,000 in 2023 with a low failure rate other than real estate?

Let’s exclude health care because I’ve just left that industry, had great financial perks but had to move on from it.
Write options
 

Moneyclutch

Member
Sep 13, 2013
618
671
93
What business would you start with $250,000”-$300,000 in 2023 with a low failure rate other than real estate?

Let’s exclude health care because I’ve just left that industry, had great financial perks but had to move on from it.
Self-publish your own novel on Religion
 

jeff2

Well-known member
Sep 11, 2004
1,278
683
113
You could consider just putting the money in Canadian oligopolies. Railways, banks, telcos, pipelines. The usual boring stuff.
 

Moneyclutch

Member
Sep 13, 2013
618
671
93
What business would you start with $250,000”-$300,000 in 2023 with a low failure rate other than real estate?

Let’s exclude health care because I’ve just left that industry, had great financial perks but had to move on from it.
Automated print/copy online
 
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