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Old 04-16-2014, 11:40 AM
 
4 posts, read 5,007 times
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I have an opportunity to buy a business that went under a couple years ago. The location is right on 295 and has heavy traffic throughout the day. Im not sure if people would actually stop in there due to the crime in the area. The company doesnt have any reviews online and the new owner of the building doesnt have any records of the business. Any input would be very appreciated.
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Old 04-16-2014, 01:22 PM
 
1,630 posts, read 2,358,699 times
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What kind of business are you trying to acquire? Retail/gas station/convenience store?
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Old 04-16-2014, 01:31 PM
 
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Granite Fabrication warehouse.
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Old 04-16-2014, 01:40 PM
 
1,630 posts, read 2,358,699 times
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My thought is, if you get the word out and advertise it well enough, people may come.

Had it been a convenience store/gas station, you probably wouldve made a killing based on the 295 commuter traffic.

The safety concerns are valid enough though, Kenilworth is one of the worst hoods in the city.
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Old 04-16-2014, 03:12 PM
 
9,875 posts, read 14,116,397 times
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Quote:
Originally Posted by modrnstone View Post
Granite Fabrication warehouse.
Quote:
Originally Posted by PK12 View Post
The safety concerns are valid enough though, Kenilworth is one of the worst hoods in the city.



hmmm......who buys granite? Typically, more upscale shoppers.

hmmm.......where are upscale shoppers not likely to go and shop? the hood.

Might not be the best location for that specific product.
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Old 04-16-2014, 03:18 PM
 
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hmmmmm.....Ive seen plenty of granite companies being successful in less then perfect areas. Especially on main freeways like that. Im just wondering how bad the area actually is since I'm from a suburb of Detroit. Everything I've been reading is saying they are revitalizing the area.
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Old 04-16-2014, 03:22 PM
 
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Well it's not as bad as many hoods in Detroit, but Deanwood and Kenilworth are still two of the worst, most high-crime neighborhoods in a city that is in the top 15 or so cities for highest violent crime rates in the country.

So I would say "less than perfect" would be very generous. We're talking an area that is among the worst in the country.

By the way, I have absolutely no knowledge of the granite market so I have no idea if a high-crime neighborhood can or cannot support that business. But I am just responding to the point that you don't need the area to be perfect. It is very very very far from perfect.

Last edited by stateofnature; 04-16-2014 at 03:52 PM..
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Old 04-16-2014, 03:50 PM
 
Location: Washington, DC
2,010 posts, read 3,458,006 times
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Might not be the best place for a high-end show room, but if you're mainly selling to contractors I don't see the problem.

The stone/granite fabricators I have worked with for my house haven't been in tony neighborhoods.
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Old 04-16-2014, 03:57 PM
 
9,875 posts, read 14,116,397 times
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Quote:
Originally Posted by KStreetQB View Post
Might not be the best place for a high-end show room, but if you're mainly selling to contractors I don't see the problem.

The stone/granite fabricators I have worked with for my house haven't been in tony neighborhoods.
Yes, the places are not in tony neighborhoods, they are typically in industrial neighborhoods, but, generally, safe.

Granite, specifically, requires the customer to come to the yard (not a showroom) because they will pick out their specific slab. It's usually not just the contractors. A showroom cannot hold all of the slabs.
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Old 04-16-2014, 04:08 PM
 
Location: Maryland, The Original Catholic colony.
249 posts, read 399,229 times
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I'm from that area and the only business that would survive there is a bodega, a liquor store, take out, or a bail bond agency.

Too ghetto around there and everyone is trying to a make a dollar outta 15 cents.
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