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Old 12-13-2011, 02:58 AM
 
5 posts, read 3,511 times
Reputation: 19

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My wife and I are thinking about buying a business in Sharpstown on Fondren Rd. It seems to be located near a Apartment Complex. Do you think it is a good idea to purchase a business in Sharpstown? I hear that it is a pretty bad area. All positive feedback is welcomed!!! Thanks!!!
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Old 12-13-2011, 09:03 AM
 
Location: Baton Rouge, Louisiana
11,078 posts, read 9,176,748 times
Reputation: 5366
I wouldn't open a professional store front there unless you will target that demographic, especially near an apartment complex.
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Old 12-13-2011, 09:16 AM
 
Location: Houston
1,442 posts, read 3,536,829 times
Reputation: 405
What type of business?
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Old 12-13-2011, 08:32 PM
 
5 posts, read 3,511 times
Reputation: 19
Default Sharpstown

Its a Dry Cleaners. It has been serving that area for over 13 yrs. It sounds like the business is doing really well. I want to know if crime is really that bad in the area? Would you buy it?
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Old 12-13-2011, 08:37 PM
 
4,150 posts, read 5,037,202 times
Reputation: 1736
Depends where on Fonder this place is location
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Old 12-13-2011, 09:06 PM
Status: "We need to talk" (set 20 days ago)
 
Location: Houston
5,633 posts, read 7,631,580 times
Reputation: 3924
Dry cleaners, nail shops, pawn shops, and taco stands will all do well in that area. Go for it!
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Old 12-13-2011, 09:07 PM
 
Location: Katy, TX
171 posts, read 232,168 times
Reputation: 103
If it's an established business, go for it. If not, it may be a little hard considering the area.
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Old 12-13-2011, 09:22 PM
 
5 posts, read 3,511 times
Reputation: 19
Default Sharpstown

Thanks to all of you for the advice! Yes its a established business. I am stuck in Afghanistan right now and haven't had a chance to look at the area. I am getting mixed reviews which is a good thing. Do any of you forsee the area improving or getting worst over the next 10 years?
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Old 12-13-2011, 09:38 PM
 
Location: 77059
7,748 posts, read 18,483,489 times
Reputation: 3801
I know people who bought into businesses like the above mentioned for a little cash on the side and I'm told this. Profit margins are extremely tight and competition is fierce. For a lot of people this is a family business line; many are 1st generation Americans who know all the details as to how the business works. They also have no problem driving old cars, living off 25 lb bags of rice/beans, piling multiple families into one residence-- in other words living cheaply and communal.

Not trying to bring you down and maybe it's not PC but I would figure out exactly why this business is being sold before going any further. It sounds like a money loss to me unless you really know what you're doing.
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Old 12-13-2011, 09:38 PM
 
Location: Houston
915 posts, read 736,209 times
Reputation: 563
its close to the galleria, close to 610, etc...you have damn near everything you need in the area and they're not exactly lacking for people as its packed over there

Go into the Ross off of 59...jam packed..
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