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  Canada Immigration Forum > About Canada > Business > A few ways of making money in Canada through businesses
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A few ways of making money in Canada through businesses




Dear CD's,
I see people writing about business ventures in Canada in someone elses sucess stories.
May be we can discuss here.
When I was in Canada, my pet venture was to open a Gas station. I know that many people open Gas stations but my mantra for sucess was the following:

All Canadians like free stuff. Canadians also like coffee. Coffee is retailed in Gas stations for atleasr $ 1.3 a cup. To make it may just take me $ 0.10 per cup. I wanted to give free coffee to all who use my Gas station. In this way, many people (esp. somali taxi drivers at night) would come to full Gas just for the free coffee.

What do you think of this? May be some CD can follow my idea. Get LEO's coffee from India (250 gm = Rs. 100 only) and make filter coffee and distribute.

Murali

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tamilkuravan

Senior Desi
Member since: Jun 05
Posts: 5753
Location: God's own country

Post ID: 221517 05-05-15 10:07:21
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tamilkuravan
Senior Desi
Member since: Jun 05




Posts: 5753
Location: God's own country


As I read in Adam's post in franchises, he was talking about Second cup. Previously Blue_Peafowl was talking about Subway.

Frachise business is a scam. You could loose all your hard earned money. Besides there are chinese, jews and rich Gulf people who take the best locations and franchises like Tim Hortons.

Italians can just come and do Pizza business. They can just put on their name and start it and it will click. Once when I was doing a project in NewMarket, I walked to a no name pizza store. It was run by Sri lankans and Pizza was around $ 5.99 + tax. I thought that it was cheap. But the pizza was uncooked and toppings partially cooked. So I ate the toppings and threw the pizza base. Similar joints exists in Tamil nadu and Kerala.

Therefore what if we come up with a good idea which will appeal to all. String hoppers or idly's appeal only to a certain section of the people. The Pakistani Biriyani at Dundas and Hurontario is a hit but only among indians and pakisthani's. Besides the profit margin is not too great.

Bread is a universal food. I am thinking that if someone opens a store which will give you toasted bread with infill's, it will not only sell well but also the profit margin will be good. The joint should also have coffee (similar in taste to Tim's) and sweet donuts or buns (as many Canadians have sweet tooth).

Hope some well enterprising Desi copies this idea and grows big.

Murali

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Post ID: 221520 05-05-15 10:48:59
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adamthorat
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Member since: Aug 11




Posts: 1041
Location:


You DON'T make much on gas ..the margin is only 3-4 cents a litre . This is GROSS revenue..NOT profit..from that you have to pay employees, credit card fees , GAS theft , rent , lease, employee salaries etc.

So your NET profit is ONLY 1-1.5 cents a litre after everything on the actual gas.

Most gas stations in GTA average about 3-4 million litres each year . So at 3 million litres at 1 cent profit , you only make $ 30,000 per year profit..if you just sell gas.

The gas is just to bring you in ..the real profit is on Car Wash , Selling cigarattes, lottery tickets, coffee, pop, chips etc.

So if you give coffee for free you will lose a major chunk of your revenue. Plus these free loaders will clog/crowd your gas station just for FREE coffee ..so other genuine motorist when they see the big lineup, who might actually buy something in your store after filling gas will go somewhere else to fill gas & buy their chips,pop, car wash etc ! So it will be a double whammy for you !

The freeloaders might just fill $ 5.00 of gas & NOT $ 50 of gas ..and just come in for FREE coffee & a NOMINAL fillup..crowding/clogging your gas station & huge lineups of cheap people ..and the other $ 50 & full tank fillup customers who are also buying other stuff will be going to the gas station down the road !

Think of gas station as a convenience store with a gas station attached to it !!! ( just for namesake the gas station is there )..you make next to nothing on gas.

Sometimes you have to go to the gas station at 4 am in the morning in a snow storm bcoz the gas trailer is coming to fill your underground gas tank in your station. Its NOT an easy job & risky job too..with thefts, robberies, abusive customers etc.

The real profits are made by SHELL , ESSO , Petro Canada etc ..not the individual gas retailer station owner :(

Quote:
Originally posted by tamilkuravan

Dear CD's,
I see people writing about business ventures in Canada in someone elses sucess stories.
May be we can discuss here.
When I was in Canada, my pet venture was to open a Gas station. I know that many people open Gas stations but my mantra for sucess was the following:

All Canadians like free stuff. Canadians also like coffee. Coffee is retailed in Gas stations for atleasr $ 1.3 a cup. To make it may just take me $ 0.10 per cup. I wanted to give free coffee to all who use my Gas station. In this way, many people (esp. somali taxi drivers at night) would come to full Gas just for the free coffee.

What do you think of this? May be some CD can follow my idea. Get LEO's coffee from India (250 gm = Rs. 100 only) and make filter coffee and distribute.

Murali



 
Post ID: 221534 05-05-15 21:37:58
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tamilkuravan
Senior Desi
Member since: Jun 05




Posts: 5753
Location: God's own country


Thanks Adam,
Nice insight.
I agree that Smokes/ lottery / candy are a major income source other than Gas. Agree with you on that.
I had a friend who had worked for such a no name gas station from 2003-2006 at JAne and Dundas interesection in Toronto. The owner was a sikh and his employees were all pakisthani's. My friend used to be paid $ 8 in cash per hour. SOmetimes my friend would use the credit card to withdraw cash to get PC points and then send also the money home. He would use the balance transfer option to get money on low interest. He used to also tell me that smokes / lottery were great revenue spinners.

So now let us take Gas station out of the equation.

How about a local coffee shop / cheap sandwich shop. Some of the sandwich prices in Toronto are just downright outragious.

On a side note, we were informed of a good no name sub shop in Eglington - Younge or st. clair that used to sell subs for $ 2. I think it was run by a jew. There used to be a very big crowd to get this sub which may have easily been sold for $ 3.5. His profit margin may be lower but the quantity of selling is more.

Murali

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Post ID: 221539 06-05-15 08:03:23
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Fido
Senior Desi
Member since: Aug 06




Posts: 5286
Location: Canada


How about No Name Dollar Stores ?
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Fido.

 
Post ID: 221544 06-05-15 11:44:20
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tamilkuravan
Senior Desi
Member since: Jun 05




Posts: 5753
Location: God's own country

No Name $ stores
Fido,

No Name $ stores selling what?

Already the Dollar stores are selling at the lowest prices. You canot beat that. If you want you will have to open a $ store and get stuff from the same place (China) as they get their stuff from.

Previously Indian grocery stores were decent. Now too many players are there.

One of the best businesses (low level) is food. Food is needed by everyone but you will have to reach the max. customers with the same type of food. In Food the margin of profit is more.

In Kerala, No name KFC is a decent hit. People like Chicken legs and French fries.

Specifc Indian texiles can be imported and sold (like banians, under wears, inner wears, scarfs etc). They are dirt cheap in India and as far as I know, it is an unexploited field in Canada.

Murali


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I am a Gents and not a Ladies.

 
Post ID: 221545 06-05-15 12:11:49
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mcg7
Senior Desi
Member since: Sep 09




Posts: 962
Location: Shangri-La


Quote:
Originally posted by tamilkuravan

Fido,

No Name $ stores selling what?

Already the Dollar stores are selling at the lowest prices. You canot beat that. If you want you will have to open a $ store and get stuff from the same place (China) as they get their stuff from.

Previously Indian grocery stores were decent. Now too many players are there.

One of the best businesses (low level) is food. Food is needed by everyone but you will have to reach the max. customers with the same type of food. In Food the margin of profit is more.

In Kerala, No name KFC is a decent hit. People like Chicken legs and French fries.

Specifc Indian texiles can be imported and sold (like banians, under wears, inner wears, scarfs etc). They are dirt cheap in India and as far as I know, it is an unexploited field in Canada.

Murali






Talked with one of my Gora co-worker about this topic, as per him
opening XXX Adult retail Store - " Adam & Eve type store"( could be a better option these days, less investment , more return.

http://www.adamevestores.com/Contact-Us

Since we desi's has some limitations so such businesses are not for all
some strict Vegetarians will never sell anything "non veg food items" other shy Indians will never open adult retail store.

Opening Indian Grocery store is another good option if one can find good location


 
Last edited by: mcg7 on 06-05-15 12:34:24
Post ID: 221548 06-05-15 12:28:09
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febpreet
Senior Desi
Member since: Jan 07




Posts: 3252
Location:


MCG,

This reminds me of my Uncle who lives in Las Vegas. A shrewd and a successful businessman that he is, bought and owned a strip club a few years ago. I was still in India back then and he just casually told me that he bought an adult business. He raked in quite a mullah with the business and then sold it off in a few years.

As long you're desensitized, the sky's the limit in the Western business world.

Another successful acquaintance of mine in Delhi, who was a pure vegetarian owned a restaurant that served and is famous for the Non-veg food.

Binness iz Binness!


 
Last edited by: febpreet on 06-05-15 14:22:39
Post ID: 221555 06-05-15 14:21:33
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mcg7
Senior Desi
Member since: Sep 09




Posts: 962
Location: Shangri-La


Quote:
Originally posted by febpreet


As long you're desensitized, the sky's the limit in the Western business world.

Another successful acquaintance of mine in Delhi, who was a pure vegetarian owned a restaurant that served and is famous for the Non-veg food.

Binness iz Binness!




Most strict vegetarians are very sensitive towards animal's suffering , they will never allow to kill & eat animal's.
they may take or support "Supari" of a Corrupt politician but will refuse to kill or sell meat of innocent animal's.

that's why many fails in such businesses- some succeed.

some people want just Success at any cost
others want (Success+ Satisfaction).:)

I don't see anything wrong in opening adult retail store or legalized strip club - you are not violating any human or animal's right


 
Last edited by: mcg7 on 07-05-15 11:47:56
Post ID: 221580 07-05-15 11:41:15
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Blue_Peafowl
Senior Desi
Member since: Dec 08




Posts: 1350
Location: Brampton, Ont, Canada


I dont give advice if i don't believe:

When i say subway franchise , i was refering for startup business only with small amount

You get subway in rural area under 50 to 70 k which is easily achievable.

Subway hold good value and its not easy to finance some portion from bank.

so many, i say SO MANY couple have build their future with Subway ( i know them personally )

most reputed, secure and easy operation - now if you don't work hard and manage cash then no business works.


AGAIN: folks , if you want to start something in your life look into subway - its not bad

BTW: on side note, i don't own subway :) :) nor i m representative of subway - i m simply trying to guide less expensive way to start business

other Franchise - good or bad - its an another topic , which i don't want to comment





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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)

 
Post ID: 221581 07-05-15 11:46:00
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Contributors:
adamthorat(3)  Blue_Peafowl(5)  febpreet(7)  Fido(3)  happywoman36(8)  hchheda(1)  mcg7(8)  
san-hugo(1)  tamilkuravan(8)  
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