Best Businesses in Recession?

Re: Best Businesses in Recession???

xeresod said:
They already have - [broken link removed]
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Thanks! and you know I've watched the ad so many times and that aspect of it never jumped out at me, must have mentally switched off when he started singing about Monday being great!
 
Re: Best Businesses in Recession???

LennyBriscoe said:
And echoing your point MOB; DVD rental shops and Pizza parlours...
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Got to disagree on the DVD shop - I suspect that Movie channels, cheaper DVDs in the like of HMV/Virgin, pirate DVDs and on-line entertainment have all combined to kill-off the DVD store. I live in a town of 7,000 people that has had no DVD store for the past two years.
 
Re: Best Businesses in Recession???

Butchers, bakers, candle stick makers.
Look for trades/ business that did well in 1920's Germany or 1930's US.
Businesses that help to cut costs and be more frugal will do well especially if they trade in or sell life's essentials - food, energy, transport etc.
Will not be all old style businesses and think Ebay.ie, buyandsell.ie and other businesses that facilitate trade efficiently and cheaply will do well.
 
Re: Best Businesses in Recession???

Retail business of some description imho.
I started one in the last recession in 1986 and did well.

Why? Because I worked really hard and in a recession CASH is king.

Good luck with whatever but positive cash flow is a huge asset.
 
Re: Best Businesses in Recession???

My brother-in-law has a meat processing business specialising in home cured & smoked meats. Very much a niche market. The Christmas just gone saw his turnover up over 50% on 2007.

I'd say that the food business is relatively recession proof. After all people still have to eat. I'd also agree with Vanilla on the undertakers although I'd say that in both instances customers might seek cheaper products from the same supplier.
 
Re: Best Businesses in Recession???

Ancutza said:
I'd also agree with Vanilla on the undertakers although I'd say that in both instances customers might seek cheaper products from the same supplier.
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I dunno. People in the first stages of grief are, IME, more likely to say- only the best will do. Later, they might privately regret that top of the range coffin or the five course hotel meal, but then it will be too late. Cynical, moi?
 
Re: Best Businesses in Recession???

Accountants working as receivers, liquidators, examiners etc
 
Re: Best Businesses in Recession???

how does somebody start a shoe repair shop.ie equipment,training any franchises in shoe repairs out there???
 
Re: Best Businesses in Recession???

PIZZA is a great investment, go for franchises like FourStar
 
Re: Best Businesses in Recession???

how do bookies do in these current times???
 
Re: Best Businesses in Recession???

Paddy Power shares heading south.
 
Army Surplus Stores and Second Hand Book Stores.

Any one remember the Uneeda shops in Cork in the late 70's and early 80's
 
Not so sure of the former ........... most of their customers have returned to the Baltic states.
 
KFB123 said:
I am wondering what types of businesses are the best to surivive recessions. I've heard Bookies, cinemas and garden centres are the best. Also sales of coffee goes up in these times.
Anyone any thoughts on this?
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Small stands selling drinks and snacks, low overheads on rent, labour and insurance, high margin, low capital cost.
 
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