Business Owners

Discussion in 'The Water Cooler' started by Germ, Jan 7, 2019.

  1. Germ

    Germ Legendary Woodsman

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    I am looking to open and run my own basketball training center. I am currently looking for space to buy. Those who own their own commercial property what advice can you give me? Thanks in advance
     
    Germ, Jan 7, 2019
    #1
  3. Sota

    Sota Legendary Woodsman

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    Don't do it Germ kids will be raised soon, you will have Germ time relax man.
     
    Sota, Jan 7, 2019
    #2
  4. Wiscohunter

    Wiscohunter Die Hard Bowhunter

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    Can I work for you ? I'm tall and once made 26 straight free throws.
     
    Wiscohunter, Jan 7, 2019
    #3
  5. bucksnbears

    bucksnbears Grizzled Veteran

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    What's basketball
     
    bucksnbears, Jan 7, 2019
    #4
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  6. fletch920

    fletch920 Grizzled Veteran

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    Form an LLC to own the building. Get insurance quotes. Look hard at the roof. Commercial maintenance gets pricy. Have mechanicals inspected and quote replacement. Price snow removal. It might shock you. Lawn maintenance. Ask CPA about depreciation schedule. Look closely at parking lot. They are spendy to repair or replace. Property taxes. Utilities. ADA compliance. Electrical service up to code? Security systems.

    Look at lease alternatives to compare cost of ownership.
     
    fletch920, Jan 7, 2019
    #5
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  7. trial153

    trial153 Grizzled Veteran

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    Make sure the property has Alternative potential uses. In fact make that a priority. Thank me 10 years from now.
     
    trial153, Jan 8, 2019
    #6
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  8. virginiashadow

    virginiashadow Legendary Woodsman

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    Bball training and tournaments are turning into pretty big business here in VA. Have at least 4 to 5 courts and be close to some hotels and you can make some decent money on that side.

    A guy who had his daughter on my daughters aau team opened one. Made connections with all the local high schools and they are packed each night after school. Only issue is he only has one court.

    Sent from my SM-G950U using Tapatalk
     
    virginiashadow, Jan 9, 2019
    #7

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