Question Worth the investment?

[Qster]

Here is one for a whopping $160k, listed among the Edmonton ads but map shows rural.

Kijiji - Buy, Sell & Save with Canada's #1 Local Classifieds

Visit Kijiji Classifieds to buy, sell, or trade almost anything! New and used items, cars, real estate, jobs, services, vacation rentals and more virtually anywhere.

www.kijiji.ca

 

[Qster]

Interesting ad, let us take a glimpse of what the relationships between masseuses and clinic are like.

Kijiji - Buy, Sell & Save with Canada's #1 Local Classifieds

Visit Kijiji Classifieds to buy, sell, or trade almost anything! New and used items, cars, real estate, jobs, services, vacation rentals and more virtually anywhere.

www.kijiji.ca

So if the clinic supplies everything, at $80 an hour, the masseuse takes home $52 an hour. Assuming 3 appointments a day, 5 days a week, a little bit of time off, roughly $40k a year. For a busy place like XP, I am guessing the ladies do way more than 3 a day.

 

[Bob the Knob]

I once dated a well know lady working in an adult massage parlor. She said the two top gals could pull 6-8 clients a day and walk away with$1000 - $2000 pretty much every day. After room fees they would net about $750 -1500 daily.

The other ladies would easily make $300 - 600 a day, if they were lucky. Still not bad coin. The owner at $50 per hr room fee would pull in Minimum$1000 a day.

Since they were open every day of the mth, you are looking at $30,000 gross take a mth on average.

I asked her if she would ever buy a parlor, and her response was not a chance. Too many head aches, bitching fighting, drugs, booze missed shifts and revolving doors.

She said a lot of places she worked were run by retired women of the trade with males owning but not having anything to do with the places they owned.

She also said there were a couple owners that would shock you what their professions were.

Independant small time owners or groups would soon be run out of town by the competition, especially any gang owners.
Some even paid royalties to the others so they could continue to stay open. Many of their best girls were soon working for the bigger competition

It's a different world in that business for sure

 

[JAV4fun]

I once dated a well know lady working in an adult massage parlor. She said the two top gals could pull 6-8 clients a day and walk away with$1000 - $2000 pretty much every day. After room fees they would net about $750 -1500 daily.

The other ladies would easily make $300 - 600 a day, if they were lucky. Still not bad coin. The owner at $50 per hr room fee would pull in Minimum$1000 a day.

Since they were open every day of the mth, you are looking at $30,000 gross take a mth on average.

I asked her if she would ever buy a parlor, and her response was not a chance. Too many head aches, bitching fighting, drugs, booze missed shifts and revolving doors.

She said a lot of places she worked were run by retired women of the trade with males owning but not having anything to do with the places they owned.

She also said there were a couple owners that would shock you what their professions were.

Independant small time owners or groups would soon be run out of town by the competition, especially any gang owners.
Some even paid royalties to the others so they could continue to stay open. Many of their best girls were soon working for the bigger competition

It's a different world in that business for sure

True! You have hitted most of the points Bob. To own the business you must be a lady or partner with a lady that you would trust...lol Edmonton is not that bad to own one, and for bigger cities you might have to deal with crimes.

 

[distinguished.gentleman]

So in summary, if you have $49K laying around right now, I'd say buy some units in an excellent quality medium risk fund account (we're probably near bottom one way or another), and think about the bullet that you dodged on the MP.

And Yegboy, thanks for starting a good thread. Lots of food for thought.

 

[Yegboy]

Thanks everyone for the feedback, advice and insight.
Still discussing with my partner about this opportunity. Will decide tomorrow.

 

[Yegboy]

Decided not to pursue this. With the MP ownership being help by a specific set of people and they sort of control the market, didn't feel like the right thing to do.