Has anyone here ever successfully had a "brick and mortar" business (like a coffee shop, mini supermarket, etc)? If so, how was the experience? How hard was it? It is something that can be done on the side?
Thanks!
The reason is because they are... wait for it: commodities.
If the owner is not working the business himself he has to hire someone to do it and along with it goes any chance of making a profit.
If you want to have a side brick and mortar business you have to work on it yourself (and take all the hard work and hours it takes) or accept that you will barely take a dollar out of it.
For such a thing to pay back a decent amount you have to have many of them and that will still probably require a lot of attention just like a full time job, but now as a manager.
I don’t know the reason behind the question but if you are looking for passive income, you should go in the opposite direction.