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/biz/ - Business & Finance


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23823624 No.23823624 [Reply] [Original]

My parents are giving me a 500m2 warehouse in Sydney and will only let me have it if I start my own buisiness. I cant just lease it out.
What the fuck should I do?

I'm 29 and have no real skills or experience besides working low construction managment positions.

>> No.23823670

>>23823624
Battered women's shelter

>> No.23823673

>>23823624
holy fuck, take that silver spoon and scoop out your eyeballs. fucking kys.

>> No.23823694

>>23823624
Lawncare. Doesn’t require massive capital to start up and an idiot can do the work.

>> No.23823718

Meth lab

>> No.23823729

Rent out the storage space. Easiest income you can get.

>> No.23823754

>>23823673
Mate, how the fuck is it a silver spoon when I can only have it if I use it for my own buisiness? It's not like they are giving it to me and I can just lease it out for a passive $70k a year.

I actually need to start a buisiness and that's the problem. I have free space but no idea on what to do.

>> No.23823764

>>23823624
Tell you parents you want to make it an indoor athletics facility, put up some bball hoops and host the chinese alliance church rec games. Then on friday nights you host a rave and charge 10 dollar a head.

>> No.23823790

>>23823694
Lawn care doesnt even need the warehouse though. I could do that without the warehouse.

>>23823729
They told me I can't lease it or sub lease any of the space. I have to use it for my own venture.

>> No.23823815

>>23823764
It's a shared strata with some other units so no way I can get away with any raves. I thought of that though.

>> No.23823924

>>23823624
Start selling electric/hybrid cars
With the upcoming hype they will go like bread

>> No.23823938

>>23823624
>order tons of cheep niche Chinese shit
>store in warehouse
>create some gay bs marketing scheme
>sell product for 10x the purchase price

>> No.23823973

Just turn it into a gym, take out a loan to get the equipment etc.

>> No.23823985

>>23823624
Start a real estate holding company and rent out the warehouse through that.

>> No.23823991

>>23823938
>>23823973
Not bad, take note OP

>> No.23824004

>>23823938
This is actually the best thing I could likely do. I was thinking my best shot is to basically sell 20 or 30 different things in small Ebay stores after importing them from China. Hard to select what to sell though.

>> No.23824018

Build a bitcoin mining facility.

>> No.23824019
File: 131 KB, 683x1024, El0R4UqU8AI5-rc.jpg [View same] [iqdb] [saucenao] [google]
23824019

>>23823624
kawaii kigu kafe

>> No.23824034

>>23823624
Make it a gym

>> No.23824043

>>23823973
This is actually a fantastic idea but unfortunately its in a shared premise of units and not a stand alone. One gate to go in and out which means after hours/24 hours stuff wouldnt work. I wish it could though because a gym sounds the easiest.

>> No.23824050

>>23823624
start a business leasing out warehouses

>> No.23824060

>>23823790
your parents sound actually retarded

>> No.23824068

1. Fill it with shrimp and dairy products.
2. Wait for the price of shrimp and dairy to rise.
3. Profit.

>> No.23824084

>>23823624
amazon local distribution center

>> No.23824095

If you're anywhere hip, start a bouldering gym. Minor outlay to set it up, then your only cost is basically insurance, then you just print money. THey're insanely popular atm.

>> No.23824097

>>23823624
>will only let me have it if I start my own buisiness
just put a PC there and start crypto trading/investing
don't forget to share some of your billions in a few years

>> No.23824130

>>23824018
Requires too much power these days. Many need hydropower

>> No.23824152

>>23823754
imagine being this out of touch. bait or typical au$$ie sydney kid.

>> No.23824183

>>23823754
https://www.ceda.com.au/Digital-hub/Blogs/CEDA-Blog/October-2018/Australia-tops-global-wealth-rankings

>> No.23824190

>>23824060
They are typical lucky boomers. They did their own buisiness at my age and they think I can do the same in the current year mirroring their same life. Without going into details, my dad got lucky as shit by leasing some land at my age for $5000 a year and somehow got a contract to store people trucks on it overnight for 10 times that.

Anyways, it feels like such an opportunity if I can make it work but also a curse. A bit like being gifted a ridiculous expensive car but being forced to drive is for every occasion and having to pay all maintenance at full price etc when you can't afford it.

>> No.23824196

>>23824130
Solar, get it subsidized by the government?

>> No.23824232

>>23824004
Adjustable dumbells are decent to sell, can buy them in bulk to save in shipping but initial batch will cost you a lot, also check demand

>> No.23824252

lol they are setting you up for failure. they must secretly hate you

>> No.23824284

>>23824190
>my dad got lucky as shit by leasing some land at my age for $5000 a year and somehow got a contract to store people trucks on it overnight for 10 times that.
>They told me I can't lease it or sub lease any of the space.
God I hate boomers

>> No.23824296

>>23824152
Lol here bro. Have this thing but only if you use it the way I say you can but you take full responsibility for anything bad that happens because of the rules I set.
What? You don't know what to do with this thing? WOOOOW SO UNGRATEFUL TYPICAL SYDNEY KID

Fuck off boomer. I'm the one who would be having to leave a secure 100k a year job for a $0 a year new buisiness venture which I have to invest in, support myself through and take responsibility for any failure.

>> No.23824308

>>23823624
in-door fish farming.

clean fresh fish in a synthetic ecosystem free of pollutants.

>> No.23824344

>>23824252
Basically it feels like this in a way. It's an opportunity with huge chance for failure.

>> No.23824354

>>23823624
which part of china are they from?

>> No.23824376

>>23824232
Not a bad idea. Gym equipment in general seems to be decent. High margins and no expiration when stored.

>> No.23824385

buy a bunch of trailers, concrete mixers and other large items that you can rent out to people

>> No.23824416

>>23824354
Not Chinese. Full white convict Aussie.

>> No.23824460

>>23824376
no you fool. in door fish farming. it's the way of the future. once you get certified you could start distributing to local shops/groceries.

fish are going to be polluted due to all of the disgusting shit being thrown in the ocean; in-door fish farming creates safe healthy fish in a synthetic ecosystem so they can be clean healthy and tasty.

>> No.23824521

>>23824344
Think you might be able to explain from a millennial perspective how much different of an environment they succeeded in compared to now? And that it'll take a bit of effort to think of a business plan that even has a chance at succeeding.

>> No.23824525

Pretend to start a business then lease it out

>> No.23824535

>>23824296
>leave a secure 100k a year job
Why? Just get paid to store caravans and shit. 5 hours a month of work for an extra $2k.

>> No.23824546

>>23824460
Wouldn't this be better off in a large open piece of land? Also Australia is a massive seafood country so I'm not sure if this is really even needed here. With the huge downturn in Chinese tourists all seafood is dirt cheap these days.

Also my space is only 500m2. It sounds large but it's much smaller then you think once some equipment is in there.

That said, very interesting idea. I'm going to research this a fair bit. Sounds nice a simple but maybe huge outgoing costs due to electricity.

>> No.23824579

>>23824535
They made it very clear I can't just lease the space for people to store things or sublease. I basically have to use it all myself for something or they wont let me have it.

>> No.23824734

>>23824579
Still if there are no financial obligations you can just experiment with projects that may give you little side money or eventually get really successful and then you can quit your job.

>> No.23824739

>>23824579
alright I actually have a great idea for you.
Buy some cars (preferably automatic vans) and sign them up on carnextdoor
you're in sydney right? each automatic van (providing it's not a piece of shit) will earn you about $700 a month. but you have solved the parking question!

>> No.23824769

storage

>> No.23824904

buy the equipment needed to make thc carts, buy large amounts of cheap grass and make them yourself, sell to all the dispensaries near you. either your own brand will get big or a bigger company will buy your operation out to decrease competition.

>> No.23825060

>>23824546
Inside would be cleaner, but outside would be more natural. You've got the space for a decent operation, take a look into it. Figure out a type of fish that's a money maker in your area that no one has and what kind of synthetic habitat you'd have to set up.

It would be pricey in upkeep and the initial start-up; but it could be a very lucrative business if you did it right and got yourself a quality team.

>> No.23825102

>>23823624
Turn it into air bnb

>> No.23825154

>>23823754
if your parents are giving you free shit and you're complaining then you're definitely silver spoon.

>> No.23825172

Create a storage company then. Jesus are you really this fucking dumb.

>> No.23825177

Why don’t you just like live in it bro, rent free, when your parents ask tell them you’ve started a 3D printing business that hasn’t taken off yet.

>> No.23825178

>>23823624
Start a construction company constructing warehouses. Build one on your land.
Mom can't take it away.

>> No.23825266

>>23823624
Anon, warehouse parties

I live in Sydney, let’s make this happen. I have the right connections for all the sound and lighting equipment and DJs

>> No.23825287

>>23823624
Kill your parents and bury them under the warehouse.

>> No.23825290

>>23823754
Holy shit you are out of touch and need to kys

>> No.23825433

>>23823624
You could buy pallets of returned pc parts and resell it.

>> No.23825443

>>23823754
Just start a loss making business until they transfer ownership, then immediately become a real estate firm and rent it out (and don't buy resi in Sydney unless you are actually retarded)

>> No.23825456

>>23823754
I hope this is bait, there’s so much shit you can do with a warehouse, and whatever you do could be a side thing that doesn’t need to successful day 1. It’s a shame an opportunity like this is getting wasted on someone that can’t even tie their shoes.

>> No.23825466

>>23823624
if you have construction management experience, why not just open a building products dealer?

sell windows and shit to homeowners.

>> No.23825472

>>23823624
Furniture store. Just get that cheap replica Scandinavian shit and sell it for 4x markup.

>> No.23825582

Fill it with thousands of used women's socks and charge incels like yourself to play in it like a huge ball pit

>> No.23825695

Legit question can you just tell them no. Like if you have a secure job and it sounds like there are literally no upsides to your parent's terrible idea then just you don't want it.

>> No.23826038

>>23823624
So.. How much ammonium nitrate can you fill it up with?

>> No.23826086
File: 98 KB, 1200x675, 2020-08-04T161324Z_288192049_RC247I990QI3_RTRMADP_3_LEBANON-SECURITY-BLAST.jpg [View same] [iqdb] [saucenao] [google]
23826086

>> No.23826607

>>23824739
I like this idea.

>> No.23826661

>>23823624
PAINTBALL ARENA cuz why not

>> No.23826667

>>23824308
Maybe some kind of vertical hydro would be cool.

>> No.23826698

>>23823624
I work in cosmetics & homecare. Sell my shit in australia!

>> No.23826723

https://www.starterstory.com/warehouse-business-ideas

>> No.23826740

>>23824739
This

>> No.23826770

Buy a bunch of gameing rigs and webcams. Provide workspace for streamer thots. First ever streamer thot harem/business model. You provide equipment and take 10% off the top. You provide the thots security/healthcare. Scoop the bathrooms toilet water and selling it to simps at 1000k a bottle.

>> No.23826792

>>23823624
Vending machine service.

>> No.23826845 [DELETED] 
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23826845

>>23823624
>>23823670

listen to this man OP batter womens shelters, and drug rehabs are the best ways to scoop up tatted up bad bitches & art hoes on a hella discount.

>> No.23826854

>>23826845
what happened to street walker anon

>> No.23826874

>>23826770

OMG you could work this in with the battered womens drug rehab business model as well

>> No.23826899

>>23823670
quick way to tank the value of the property and all of the surrounding area

>> No.23826901

>>23826854

yeah but this way you can stick to the ones that just started their journey into becoming a walking cumdumpster fire

>> No.23826918

>>23823754
hey fag, COFFEE.
ROAST

>> No.23827882

>>23823624
Put a coffee shop/cafe in it. Just coffee or something. Maybe teas.

>> No.23827998

kid gets gifted a big opportunity and comes here to cry, they want you to prove you’re not a lazy incompetent sack of shit anon

>> No.23828125

OP here I'm back now.

>>23824739
This is actually a very good idea. I appreciate it a lot. The warehouse is basically in parramatta so a decent spot. I imagine I would primarily be there to manage their hiring and maintenance.

Though a vehicle leasing business I think has a very big insurance overhead and there is so much risk for them to get stolen and badly damaged.

>>23825060
Cheers mate. I'm looking into this further. Doesn't seem that expensive either.

>>23825154
If you just see this as "free shit" then you are a brainlet. The risk I would have to take on is still very large and it's just reducing one aspect of starting a buisiness. It's not just "free shit".

>>23825172
500m2 isnt big enough to just start a storage company.

>>23825178
It's part of a strata. No land. Just parking + warehouse.

>>23825266
It's part of a strata so no way this could happen I'm afraid. A few tenants here that are operating at night so sound alone would be a no go.

>>23825443
They will never transfer ownership., Just letting me use it rent free if I meet their conditions.
>>23825456
>there’s so much shit you can do with a warehouse
When you consider my minimum skills and the limitations of "no sublease and no leasing space" then it starts to get quite limited.

>>23825466
>if you have construction management experience, why not just open a building products dealer?
You need at least $500k or more as an investment to try and compete with the other building suppliers in Sydney. There some monster companies here and the entry into the market is VERY expensive.

>> No.23828254

>>23825472
Every chink and their family does this. Not much money in it.
>>23825695
Of course I can tell them no but it's a very big opportunity if I can figure out a decent business idea to fit my situation. It's basically the largest overhead of a starting small business covered for me. To lease a warehoue of this space it would cost around $70k AUD per year.

>>23826698
>cosmetics
Isnt this nothing but mega Korean and French companies?

>>23827882
I thought of this but the space and area really isn't good for a coffee/cafe. You need to enter a compound to get inside so there isnt a front entry or anything.

>>23827998
I'm not crying you brainlet retard. I'm just pretty cautious of taking a gigantic risk which could potentially financially ruin me for years to come.

You do understand that even if the warehouse lease is covered I still need to pay for everything else INCLUDING my own salary? Retards like you imagine starting a business is just like some bullshit reddit post where everything magically falls into place, where all overheads are none existent, customers come rushing to your doors smashing it down to pay your shit and your income magically is deposited into your bank account all while being able to compete with competitors valued at millions of dollars.

Maybe in your 3rd world Eurotrash country where an employee salary is $10k a year this might happen but this is in Australia. Minimum salary for a salesman alone would be around $70k per year and this is for a mediocre one.

>> No.23828279

>>23824460
>>23824308
>>23826667
imagine an indoor fish farm combined with an aquaponics setup as a side hustle or for personal use

>> No.23828306

No shit retard, if you were clever and you’re clearly not youd turn it into a yoga studio cause the outlay is fuckall and classes are pricey and customers are loyal, low insurance and risk compared to a gym. Look into it brainlet

>> No.23828391

>>23828306
>Turn it into a yoga studio
Next door is a loud as fuck joinery company, right outside is a formwork company and to the back of me is an metal workshop. Forklifts operating none stop and trucks stopping and starting to load equipment. The sound alone is not suitable for a yoga studio without considering it's in an industrial zone with no demographics of people who would do any kind of yoga.

>> No.23828409
File: 48 KB, 800x729, brainlet 3.png [View same] [iqdb] [saucenao] [google]
23828409

>>23828306
The calming sounds of forklifts beeping in a shared strata warehouse complex is perfect for a yoga studio!

>> No.23828413

Apprentice yourself to this guy
https://www.youtube.com/c/DrainAddict/videos

>> No.23828456

>>23823754
Your parents gave you a huge piece of free real estate

>> No.23828467

>>23823624

Host raves and music events. You will get so much fucking pussy your dick will fall off.

>> No.23828556

I thought it went without saying but It seems I need to mention that I can't just take the warehouse space and do something half assed for $100 a week or some shit. I can't just buy a few pallets of some goods and let it sit there slowly selling 1 per month on Ebay. The value of the warehouse is around $70,000 AUD a month and I am expected start a business that appreciates this.

>>23828456
As long as I fit their requirements on the business I run within it. They are only taking one aspect of starting a business away from me.

>> No.23828683

>>23823624
The absolute fucking state. You’ve been giving an advantage 99% of the population can only dream of and you’re just here whinging about it. We already know you’re ngmi purely from your attitude. I’m saying this as someone who hates boomers as much as anyone else does, but holy shit you sound pathetic.

>> No.23828745

>>23823754
literally turn it into a trendy warehouse coffee shop and make Los Angeles Retard Export money
it will become popular as shit if you call it a “community” anything and shove 3 plants in there
liberalfags will call it “authentic” and talk about it like they’re helping their neighborhood when all you really did was hire the nearest 5 homeless dudes for shit pay

>> No.23828839

>>23828409
what’s that got to do with yoga brainlet

>> No.23829103

Why the fuck would anybody give a faggot with no skills a warehouse?

>> No.23829135

>>23823624
Well, you never will be ready for big things, just jump in. Know it will be a hard path, start to think strategically, and know that you probably will have to try many times before succeeding, you will need to research a lot. Don't be a faggot, just go on. Take this it may help in hard paths https://taoism.net/tao/tao-te-ching-online-translation/

>> No.23829163

Sell weed lmao

>> No.23829217

>>23823624
What are the zoning restrictions?

You could put projectors up and play post-modern shit and get some decent speakers and turn it into a bar, depending on location.

>> No.23829411

Tell them U will open property management / leasing business. Take profits from that one and invest in another one. Tbh unless U have experience in a trade /logistics /warehouse it's unlikely you will make more than the rent & factor in capital to buy equipment and hire people... I am from Syd and know the industrial type areas you are talking about. Unless it's trade/logistics etc , other businesses won't make sense for you except maybe commercial focused laundromat or some sort of import/export business

>> No.23829443

>>23823624
build a skatepark for the kids

>> No.23829455

>>23828839
no one into yoga wants to do that in the middle of an industrial zone

>>23828279
>>23828125
: D

>> No.23829472

>>23824068
roflmao havnt laughed in a while

>>23823624
you could let people keep there boats in it, or RVs

>> No.23829482

>>23823624
Honestly storage. It's the easiest and lowest overhead, you just need space which you already have and some minor security.

>> No.23829501

Build small rooms into it and rent those out as self storage

>> No.23829510

>>23823624
> skate ramps
> illegal punk shows
> illegal raves
> illegal alcohol sales
> lease rights to drug dealers
> sex den

there's a lot you can do in a warehouse, plus you get laid

>> No.23829550

>>23828125
>Though a vehicle leasing business I think has a very big insurance overhead
it does, that's why I suggested Carnextdoor to get you started. They take a shitton in fees but handle all the insurance.
I have a vehicle through them and it's been crashed (practically written off) and I didn't pay a cent to get it fixed. actually it's a got a brand new side panel now so even better than before, plus I was given $25 a day for every day it was being repaired.

>> No.23829560

Store ammonium nitrate

>> No.23829681
File: 211 KB, 512x384, CELPLayVAAAM1lo.png [View same] [iqdb] [saucenao] [google]
23829681

>> No.23829708

>>23826770
This is actually a big business in russia

>> No.23829806
File: 44 KB, 782x427, BLX_BRU_MakerSpace_Make_It_at_Your_Library.jpg [View same] [iqdb] [saucenao] [google]
23829806

>>23823624
>Connect with as many old construction connections as possible.
>Register a small non-profit organization
>Announce you are using your warehouse to make a MakerSpace
>Pool old equipment and donations from construction buddies and community
>Open MakerSpace under your non-profit
>Charge adults a subscription fee for unlimited access to space when open (within hours warehouse is open)
>Offer reduced group rates for schools & students
>Pay yourself an "administration fee" as your profit

edutopia.org/blog/starting-school-makerspace-from-scratch-colleen-graves

>> No.23829930

>>23824525
This, find a tenant, and get them to call you a business partner in name only.

>> No.23829953

>>23828125
>They will never transfer ownership., Just letting me use it rent free if I meet their conditions.
My god your parents are retarded. Typical boomers.

>> No.23829967

>>23824095
nice one
>>23824308
farming animals/microgreens/cactus (succulents) could be profitable

>>23829806
this would be fun. nobody will complain about the noise if theyre using circular saws, sanders etc.

>> No.23829972

>>23823624
start a camwhore farm where you have like cubicles or rooms where camwhores (especially single mothers) work doing stuff online. You can pay them min hourly and every extra cash they bring in you get a cut of it like 50%. All the toys, internet and stuff provided by you. They just rock up and get simps to give them money. You might want to set up a childcare area with a professional carer to make it easier for them to come into work. Also hire some security for outside the warehouse in case of jealous ex lovers or weirdos showing up.

>> No.23830035
File: 970 KB, 1004x632, invest.png [View same] [iqdb] [saucenao] [google]
23830035

>>23823624
Ameribro here.
If you have some insight into the construction space, especially road construction, you can get leads on where safety signs are needed.

Line-up some suppliers, use you space as a middle man for storage, and connect your leads with your supply.

Effective use of space while using your previous experience.

australiansafetysigns.net.au/

safetysigns-mn.com

>> No.23830455

Your parents sound pretty based OP
They're giving you a huge advantage if you want to start a business. it sounds like you don't though
If you're on 100k/ a year you should have enough saved to do something

>> No.23831016

>>23828556
>The value of the warehouse is around $70,000 AUD a month and I am expected start a business that appreciates this.
What were they doing with it beforehand?

>> No.23831049

Start a gym

>> No.23831612

>>23830455
I do want to start something. It's just difficult due to my minimum experience and career field.

>>23831016
My dad was using it to store his camper van and other storage junk. He fixed it up and threw out the junk and offered it to me as long as I was willing to follow what he said.

>> No.23831961

>>23831016
>$70,000/mo -> implies $7,000,000 valuation
crikey i am now building warehouses in australia
is it 50 ft ceilings or something? polished cement
floor i presume, with a large parking lot? why is it so valuable?

>> No.23832186

bro its a warehouse you make money sending and receiving things from it. some common examples would include snacks, drinks, toys, retail goods. get a label printer and try to find customers (businesses) who think might want to store shit and have you fulfill their orders.

>> No.23832274

>>23831961
Nah it's about $1.3m-$1.4m aud.

>> No.23832288

>>23831961
Sorry I mispoke. Its 70k a year plus outgoings. Not per month

>> No.23832299

store and rent out construction equipment and/or start a demolition/ flood fire recovery company.
start a plumbing company. start a painting company. janitorial/maintenance company. towing company. office furniture company.
basically you have a big garage in the city. you find out what the city needs, you store up the machines/goods it needs, and sell for a profit.

>> No.23832371

>>23823624
I'll rent it from you for $1000 a month.
>Need a sick art studio/Workshop

>> No.23832889

>>23823624
Let’s set up a bitcoin mine

>> No.23832915

>>23824296
Why even take it if you are making 100k a year? Also you could art exhibits

>> No.23833635

>>23823624
Post your social media contact info. Lets make a rock gym, I will invest $50k.