Too Many Tourists In Colorado
Quote:
Originally Posted by
Benny Profane
Open a restaurant. You're now officially retarted, asshole.
While I don't agree with Benny, this one is true. Like working in the ski industry, the best way to get a small fortune in restaurants is to start with a large one.
By the way Benny, I'll be able to move to the mountains full time somewhere around 40 (when I have kids). Telecommute for the win. Would've done it sooner but the non-telecommute work is just too fun to pass up and worth the commute to ski (~none to bike) when paired with city interests that one takes advantage of without kids. I'm solidly in the 6 figures and will drop to the low 6 figures when I move. Sounds like you have a business degree though. Bad degree/career choices = hamstrung to city life.
Too Many Tourists In Colorado
Quote:
Originally Posted by
Meadow Skipper
There are restaurants here making pretty fair bank, at least judging by their longevity (20 years or more), especially the ones catering to tourists.
The successful ones do. How many did it take before the location was successful? Most restaurants out here are owned by restaurant groups. People with loads of cash (no property loans and can remodel to exactly what they want and bring in top talenf) and tons experience in building successful restaurants. To do that, you need a decent amount of money and look at it as a capital investment that you'll make back out when you sell. Its not for the random person dropping into the industry.
Its a terrible choice unless your its solely a capital investment, and if thats what you're doing, rental properties are way more lucrative for the layperson.