$50000
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- Wun Gwo Pee
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Avoid bars and low end restaurants at all costs. Avoid buying a minority share in a hotel. In fact, avoid pretty much anything that required extensive running or input costs.
If you don't see it returning your $50,000 in two years (ie not delivering YOU) around $2000 a month in income after all costs, then it's not worth the risk of investing that sort of sum, although of course i have no idea what proportion of your total wealth that $50k comprises.
If you don't see it returning your $50,000 in two years (ie not delivering YOU) around $2000 a month in income after all costs, then it's not worth the risk of investing that sort of sum, although of course i have no idea what proportion of your total wealth that $50k comprises.
Buy a cheap apartment, fix it up a bit and either keep it as a rental or flip it...rinse and repeat.
I'm not a negative person, I encourage people all the time...it's usually to f**k off! But, whatever.
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- Making Khmer girls cry since 2003
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Here are four threads from 2013-14, all discussing how/where to invest $50,000:
What business venture would you start with up to 50k?
looking for business opportunity
Make a business in Cambodia
Fantasy investments
And a thread discussing where to invest $25,000 in Cambodia:
Looking for a small business.
And another discussing where to invest $500,000 in Cambodia:
Your wealthy auntie dies. Bingo : you inherit 500k
What business venture would you start with up to 50k?
looking for business opportunity
Make a business in Cambodia
Fantasy investments
And a thread discussing where to invest $25,000 in Cambodia:
Looking for a small business.
And another discussing where to invest $500,000 in Cambodia:
Your wealthy auntie dies. Bingo : you inherit 500k
Follow my lame Twitter feed: @gavin_mac
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- Making Khmer girls cry since 2003
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Perhaps soon I'll stop commenting entirely and will communicate with you people solely through links to past threads.
Follow my lame Twitter feed: @gavin_mac
I agree with avoid low end bars and restaurants unless the person has experience in that industry. Although you could set up three with that much money, the amount of time and work to oversee three small businesses would probably out weigh any return unless it is your background. A guy I was talking to during my research, reckoned he'd need to have 5 or 6 restaurants eventually to make a decent income.
When I was running numbers on setting up in Phnom Penh for a food business, I estimated that in order to get a good return on a $20 000 investment, you would need to have around $400 a day in sales. How many manage that I wonder? (That said in that example I'm not only trying to get a return for my investor, but also targeting sales that will pay me a 'reasonable' salary, and I also already have about $7000 worth of equipment.)
My business plan revolved around setting up a production kitchen that can supply smaller sales outlets (whether that be kiosks, carts, small 'retail' restaurants or supply to a third party), as well as corporate catering, and picnic lunches for tour companies. While not fool proof, having a range of sales avenues means that you can keep the staff at the central production kitchen busy during their work shift, and the staff at the 'outlets' only need basic training in 'heat and serve' techniques. Examples of those kinds of businesses would be Karem Ice cream, whole sale bakeries, meat processing, The Shop etc.
Another interesting business would be specialty tours. There are already companies running bike tours, motorbike tours, bus tours etc. If you can find a unique niche, and have good people skills it could be an interesting business to run. Before I opened Run Amok in Kampong Thom I was doing the ground work for setting up a long tail canoe river tour. I had a 10 metre fibre glass long tail boat which I used to explore about 80-90 km of the Stung Sen (tributary to Tonle Sap). The next stage that I was working on was the painting and fitting of smaller 5 metre wooden canoes with long tail motors, and good seats. The bigger boat would carry baggage, supplies, cooking and/or camping equipment etc, while the customers would be taught how to drive the smaller canoes. Trips would range from 1 to 3 days, with the longest trip going from Sambor Prei Kuk temple site, down river to the Tonle Sap. I pulled the pin on the idea when my wife told me she'd rather have a restaurant, and I sold the boats. I still think it would be a good idea. With $50 000 I could do it easily, as well as put together a small floating hostel down on the Tonle Sap. It would take a fair amount of marketing and connecting with existing tour companies. When I was managing a hotel I had a bit of contact with various tour companies, and several of them were looking for unique activities to include in their package options.
When I was running numbers on setting up in Phnom Penh for a food business, I estimated that in order to get a good return on a $20 000 investment, you would need to have around $400 a day in sales. How many manage that I wonder? (That said in that example I'm not only trying to get a return for my investor, but also targeting sales that will pay me a 'reasonable' salary, and I also already have about $7000 worth of equipment.)
My business plan revolved around setting up a production kitchen that can supply smaller sales outlets (whether that be kiosks, carts, small 'retail' restaurants or supply to a third party), as well as corporate catering, and picnic lunches for tour companies. While not fool proof, having a range of sales avenues means that you can keep the staff at the central production kitchen busy during their work shift, and the staff at the 'outlets' only need basic training in 'heat and serve' techniques. Examples of those kinds of businesses would be Karem Ice cream, whole sale bakeries, meat processing, The Shop etc.
Another interesting business would be specialty tours. There are already companies running bike tours, motorbike tours, bus tours etc. If you can find a unique niche, and have good people skills it could be an interesting business to run. Before I opened Run Amok in Kampong Thom I was doing the ground work for setting up a long tail canoe river tour. I had a 10 metre fibre glass long tail boat which I used to explore about 80-90 km of the Stung Sen (tributary to Tonle Sap). The next stage that I was working on was the painting and fitting of smaller 5 metre wooden canoes with long tail motors, and good seats. The bigger boat would carry baggage, supplies, cooking and/or camping equipment etc, while the customers would be taught how to drive the smaller canoes. Trips would range from 1 to 3 days, with the longest trip going from Sambor Prei Kuk temple site, down river to the Tonle Sap. I pulled the pin on the idea when my wife told me she'd rather have a restaurant, and I sold the boats. I still think it would be a good idea. With $50 000 I could do it easily, as well as put together a small floating hostel down on the Tonle Sap. It would take a fair amount of marketing and connecting with existing tour companies. When I was managing a hotel I had a bit of contact with various tour companies, and several of them were looking for unique activities to include in their package options.
Some men you just can't reach. So you get what we had here last week, which is the way he wants it... well, he gets it. I don't like it any more than you men.
Should be enough to set up a small guesthouse in the $15 to $30 price range. Hardest part is finding the right location at the right price.
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- I need professional help
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MoodyMac wrote:
When I was running numbers on setting up in Phnom Penh for a food business, I estimated that in order to get a good return on a $20 000 investment, you would need to have around $400 a day in sales. How many manage that ......
............ With $50 000 I could do it easily, as well as put together a small floating hostel down on the Tonle Sap.
I know a very well run restaurant in BKK 1 with an excellent menu that can't turnover $400 a day which surprised me so that's how tough that game can be.
The floating hostel is a chance.
Our best days out here have been $400-$600. But they are few and far between. That's just with three staff. It's not the production target that is difficult, it's getting the sales. That's why I would suggest that production kitchens are a good way to go. With a good sales and marketing manager, a production kitchen should be able to make those kind of sales on wholesale, and then just have a small retail shop on site for selling over runs, factory seconds and so on.Lucky Seven wrote:MoodyMac wrote:
When I was running numbers on setting up in Phnom Penh for a food business, I estimated that in order to get a good return on a $20 000 investment, you would need to have around $400 a day in sales. How many manage that ......
............ With $50 000 I could do it easily, as well as put together a small floating hostel down on the Tonle Sap.
I know a very well run restaurant in BKK 1 with an excellent menu that can't turnover $400 a day which surprised me so that's how tough that game can be.
The floating hostel is a chance.
Some men you just can't reach. So you get what we had here last week, which is the way he wants it... well, he gets it. I don't like it any more than you men.
buy a haunted house and run ghost tours, don't employ potty~ he/she will scare the customers away