Author Topic: Looking to start a basement store. Any ideas on what to sell? (Read 21869 times)

RT · « **Reply #140 on:** June 07, 2013, 12:41:14 PM »

Quote from: churnbabychurn on June 07, 2013, 12:27:46 PM

If you're on gov programs and you do not declare the rental income, and your tenant is on programs and does declare the rental expense you can get busted.

By gov programs you are referring to when I file income taxes?

churnbabychurn · « **Reply #141 on:** June 07, 2013, 01:24:17 PM »

Quote from: RT on June 07, 2013, 12:41:14 PM

By gov programs you are referring to when I file income taxes?

No. WIC Food stamps, jersey care etc.

(Withholding income from the IRS is obviously a separate a concern.)

Am · « **Reply #142 on:** June 09, 2013, 08:55:36 AM »

Quote from: churnbabychurn on June 07, 2013, 12:27:46 PM

If you're on gov programs and you do not declare the rental income, and your tenant is on programs and does declare the rental expense you can get busted.

Have you ever heard of anyone actually getting caught doing that? Do they actually investigate whether the info they have is true? Or are you just saying that they easily can

churnbabychurn · « **Reply #143 on:** June 09, 2013, 09:11:26 AM »

Quote from: Am on June 09, 2013, 08:55:36 AM

Have you ever heard of anyone actually getting caught doing that? Do they actually investigate whether the info they have is true? Or are you just saying that they easily can

Yes,they have , do , can and will.

RavChik · « **Reply #144 on:** June 09, 2013, 09:01:07 PM »

Quote from: Entrepreneur on May 19, 2013, 12:26:38 PM

I am open to anything. Also, does anyone know of successful basement stores?

Thanks

What about child care/babysitting? Have you consider it? If not, try on-line sale (EBAY or Amazon) and use your basement as storage.
Good luck!

This is who I am · « **Reply #145 on:** June 09, 2013, 09:29:04 PM »

how about a good home cooked meal ?

Kvending · « **Reply #146 on:** June 26, 2013, 08:12:33 PM »

I don't know if this is the right place for this. But I know someone who has a Kosher Food Distribution Company & is looking to sell it because he wants to get out. He will help on transition, making sure all the clients stay with the new person, etc... In my experience this guy is a honest person. You can obviously see his books & his taxes etc... If you are very serious & have the money to purchase it. Thanks.

jj1000 · « **Reply #147 on:** June 27, 2013, 03:42:40 AM »

Quote from: Kvending on June 26, 2013, 08:12:33 PM

I don't know if this is the right place for this. But I know someone who has a Kosher Food Distribution Company & is looking to sell it because he wants to get out. He will help on transition, making sure all the clients stay with the new person, etc... In my experience this guy is a honest person. You can obviously see his books & his taxes etc... If you are very serious & have the money to purchase it. Thanks.

I am serious and have $100. Considering you didn't post an asking price am I wrong for assuming he will take my offer?

May I suggest posting a new topic in the goods for sale and trade board.

Also you may want to post some more details...

Moishebatchy · « **Reply #148 on:** June 27, 2013, 03:47:43 AM »

Quote from: jj1000 on June 27, 2013, 03:42:40 AM

I am serious and have $100. Considering you didn't post an asking price am I wrong for assuming he will take my offer?

May I suggest posting a new topic in the goods for sale and trade board.

Also you may want to post some more details...

Meh. Lowballer. I'll offer $120.

chucksterace · « **Reply #149 on:** June 27, 2013, 03:52:03 AM »

Sell Kosher Skittles

Kvending · « **Reply #150 on:** June 27, 2013, 05:09:38 PM »

Sorry its a business that is grossing above $1M & is looking to sell for $300k.
If your in the ball park then we ca discuss further & I can put you in touch with the owner.

churnbabychurn · « **Reply #151 on:** June 27, 2013, 05:49:50 PM »

Quote from: Kvending on June 27, 2013, 05:09:38 PM

Sorry its a business that is grossing above $1M & is looking to sell for $300k.
If your in the ball park then we ca discuss further & I can put you in touch with the owner.

The obvious question is: why is he selling?

Kvending · « **Reply #152 on:** June 27, 2013, 05:53:28 PM »

Good Question. He has a real estate business that he wants to expand. He will stay on to make sure successful transition & that EVERY account remains & relationships with Suppliers as well.

Shreknit · « **Reply #153 on:** June 27, 2013, 06:44:22 PM »

Quote from: Kvending on June 27, 2013, 05:53:28 PM

Good Question. He has a real estate business that he wants to expand. He will stay on to make sure successful transition & that EVERY account remains & relationships with Suppliers as well.

Doesn't sound right. If buisness is going well people generally don't sell they hire someone to run the business while they work on the real estate.

churnbabychurn · « **Reply #154 on:** June 27, 2013, 08:19:32 PM »

Quote from: Shreknit on June 27, 2013, 06:44:22 PM

Doesn't sound right. If buisness is going well people generally don't sell they hire someone to run the business while they work on the real estate.

they need 300k to expand their real estate

Kvending · « **Reply #155 on:** June 27, 2013, 08:59:20 PM »

Quote from: Shreknit on June 27, 2013, 06:44:22 PM

Doesn't sound right. If buisness is going well people generally don't sell they hire someone to run the business while they work on the real estate.

Quote from: churnbabychurn on June 27, 2013, 08:19:32 PM

they need 300k to expand their real estate

Thank you.

sillypainter · « **Reply #156 on:** June 27, 2013, 11:51:59 PM »

Quote from: Kvending on June 27, 2013, 08:59:20 PM

Thank you.

May I guess? Is it a vending machine business, and you're the owner? K-Vending?

Motti · « **Reply #157 on:** June 28, 2013, 02:08:25 PM »

Sell everything, what you can get your hands on.

Or, open an shul, or a kollel, or a shul with a kollel.

Kvending · « **Reply #158 on:** June 28, 2013, 03:45:30 PM »

Quote from: sillypainter on June 27, 2013, 11:51:59 PM

May I guess? Is it a vending machine business, and you're the owner? K-Vending?

No. I guess I wasn't clear when I wrote a kosher food distribution Company. I meant a company that sells kosher food to kitchens (mostly wholesale), Restaurants, Schools, Nursing homes, Supermarkets etc...
Nothing to do with vending machines.

Hope that cleared it up.

Am · « **Reply #159 on:** June 28, 2013, 05:10:22 PM »

Quote from: Kvending on June 27, 2013, 05:09:38 PM

Sorry its a business that is grossing above $1M & is looking to sell for $300k.
If your in the ball park then we ca discuss further & I can put you in touch with the owner.

netting?

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Author Topic: Looking to start a basement store. Any ideas on what to sell? (Read 21869 times)