Buy our own Spa

[justagigalo]

Can I get a hazmat suit for the laundry lol. I think we would also need to be equal oppurtunity and get some Filipina ladys as well something we are definately lacking in this city for this line of work. I would gladly volunteer to be on the hiring commitee.

 

[Guy2013]

As I mentioned the owners benefits are strictly assurances they can have a variety of lovely ladies and get what they expect from an "extras" point of view. No disappointments such as a Gloria Complex.

That should be benefit enough until dividends start to build up.

It certainly would be nice to know what you were getting, recon adds a lot of expense to this hobby. I recently tried the location at 7120 - 101 ave based on positive posts I read, but it appears it is a YMMV situation as I came away un "happy". Unfortunately over the years there have been a lot of recon that failed to pan out, some where "extras" simply were not offered, others where they were and afterwards I wish they had not been.

 

[Guy2013]

Can I get a hazmat suit for the laundry lol. I think we would also need to be equal oppurtunity and get some Filipina ladys as well something we are definately lacking in this city for this line of work. I would gladly volunteer to be on the hiring commitee.

Hazmat suit? You might want to have CSI do the laundry, at least they might identify the perpetrators

 

[justagigalo]

There would be way to many of us

 

[justagigalo]

Also I think the work load would be to much for any CSI crew.

 

[Guy2013]

Also I think the work load would be to much for any CSI crew.

It would certainly be interesting to see the laundry room under UV, Yowser!

 

[Old Fart]

Good concept Bob but not sure you are allowing nearly enough for the costs. There would be cost of incorporation, T2 returns are costly unless one of owners is an accountant, you'd be using a lot of water and power for laundry, if you want ladies as employees you will have to pay employer portion of CPP and EI and then things you and I will never think of... I DO like the idea though (from an investment POV). Two rooms would double your revenue calculations but I'd go with 1.5 times because you will not have a full day every time and will need time between appointments for cleanup etc.

 

[Albert Johnson]

if you want ladies as employees you will have to pay employer portion of CPP and EI

The minute you start to employ ladies I suspect you move down the ladder from an employer to a pimp.

 

[Old Fart]

The minute you start to employ ladies I suspect you move down the ladder from an employer to a pimp.

I only mention that because someone in the thread wanted to have the ladies work as independent contractors and someone else preferred to have them work as employees. I simply pointed out the difference from an expense point of view.

The truth is, you have no choice. Because of the deductions and the fact that some employers try to avoid having to deal with paperwork and remitting funds to the government (especially the employer portions) the government has a set of rules to determine if an individual is an employee or a contractor. Some workers do to want to be contractors so they complain. I have heard of a couple of times where a company hired people and made them incorporate themselves and paid them as contractors but they did not meet the criteria of contractors and the company had to go back and pay the employer portions ob both CPP and EI. I'm sure this happens a lot more than just the couple I heard about because CRA has a whole department apparently where that is all they do, called Rulings. So, it is not a matter of being a pimp or not. Some wold argue that in EITHER case you are a pimp because regardless of employee or contractor, you are bringing in girls for the same purpose.

 

[Bob the Knob]

When I started this, it was all for fun.

Any business related comments are awesome. Like Old Fart,said, there are many items that would need to be considered. Like any successful business that is true.

As much as in this scenario we would have ladies as "employees" I guess they really all run there own business if they rent the room and pay a fee. The rest of the tip money is theirs to keep including the difference for the hurly room fee minus the holy massage rate.

So ccp etc are not needed. That would be their own responsibility.

In setting up this kind of shareholder group, it would be most likely that the directors could be made up of professionals such as Drs, Lawyers ! Accountants and others. Those shareholder/directors could get a higher % of dividends while they serve as the groups board of directors. It would seem fitting that they were rewarded a bit more than the rest who purely were just investors.

This has been entertaining dialogue in any event

 

[Old Fart]

It has been interesting and it is a business I'd love to get into under the right circumstances. As far as employee vs contractor, it is not a cut & dried as, they make tips which the house does not get so they are self employed. Waiters and waitresses also get tips and, to a certain extent, run their own business and can bring in their own customers etc. If you hired a few ladies, could they work whenever and however much they chose for would you have a set schedule? If you had a schedule, CRA may rule them to be employees. Like I said, there are a number of conditions that must be met and, of course, I do not know what they are but it is not as simple as one might think. I think some market research in advance might be a great investment too. As I said, if it was run right and not just by a bunch of guys hoping to get freebies out of it all day, I'd seriously consider. But I think you'd want less people with more money to start (the board as you said Bob) and then sell shares from there. I would not want to be in the news for the wrong reasons.

 

[Albertaman]

In doing the research and developing a solid business plan, we would need to look at business models where the masseuses share of the per hour rate is at least 50%, for good masseuses who are certified RMT's and can issue legit insurance receipts. In many of the spas, the receipt is issued under the name of a therapist who may nor even be around, while they take advantage of the masseuses by not paying them well.

On the other hand, if it is only all for fun and games, we could go on a trip to Shanghai and seek out business associates who need large sums of money laundered in the west, and offer our (chain of) massage spas for this purpose. In this case the real financials don't matter as we would always be declaring more revenue than we make (and happily paying a load more in taxes) with the express purpose of delivering clean, post-taxed funds on the other end. Could be set up as a Limited Liability Partnership. However dealing with the triads, longer term could prove fatal. But while alive, would be a boat load of fun.

 

[Bob the Knob]

In doing the research and developing a solid business plan, we would need to look at business models where the masseuses share of the per hour rate is at least 50%, for good masseuses who are certified RMT's and can issue legit insurance receipts. In many of the spas, the receipt is issued under the name of a therapist who may nor even be around, while they take advantage of the masseuses by not paying them well.

On the other hand, if it is only all for fun and games, we could go on a trip to Shanghai and seek out business associates who need large sums of money laundered in the west, and offer our (chain of) massage spas for this purpose. In this case the real financials don't matter as we would always be declaring more revenue than we make (and happily paying a load more in taxes) with the express purpose of delivering clean, post-taxed funds on the other end. Could be set up as a Limited Liability Partnership. However dealing with the triads, longer term could prove fatal. But while alive, would be a boat load of fun.

I like your style.

 

[Wills_willie]

I thought the same thing. With all the Asian escorts, body rub parlours and message studios, when would this enterprise attract the attention of those triads if in fact they are here. They may just want a piece of the action and you get off lucky. LOL.

 

[Albertaman]

Strongly recommend that we not buy any current or existing business.. why pay for the so called 'Goodwill'? The members of this board are the 'Goodwill' )). No need to take over overpriced commercial rental leases either. We should buy the commercial properties outright, especially in Edmonton, Calgary, prices are right. Later on when we are ready to sell our chain of spas, we can split it into two entities, 'commercial real estate' and 'healthy living'. With the aging population, our spas and personnel will specialize in making older guys tick like young bucks. Who knows we might even get some government healthcare grants? The future is bright!

ps: can someone volunteer to check out the most recent facts around whether frequent happy endings statistically reduces the incidents of prostate cancer? Is it a myth or is there any truth? What frequencies of happy endings are optimal from a medical perspective? Might have to work in these details into the business plan, shortly.

 

[Albertaman]

MMaestro, hope you realize, I'm joking too. It's a fun thread to alleviate some of the threads that have had so much aggression in the past.

 

[Bob the Knob]

MMaestro, hope you realize, I'm joking too. It's a fun thread to alleviate some of the threads that have had so much aggression in the past.

Amen

 

[Albertaman]

Yeah...I Kinda thought you were. I will blame all my dumb or poorly thought out comments on my cold...which I'm calling a head cold...which for me clouds my brain. I must get this head cold 365 times a year....99% of the time without the usual cold symptoms.

MMaestro, your heart is in the right place. That's what matters in life, with or without a head cold .

 

[Rubmegood]

Interlude has a couple of Filipino ladies, one brand new...and a first timer special of 63 dollars an hour. As reported, this is a draped massage. I've never been there yet. I don't really like getting massages in the downtown core, because of parking troubles...but the few times I drove by, there looked like dedicated parking spots.

Maybe start a new thread?? Jus' Sayin...