Advise on future projects

Next Venture

Based on my family hotel background experience, they want me to invest in a hotel franchise such as Wyndham or Choice. However, hotels these days are priced ridiculously and I am open to exploring my options. Therefore, I have been exploring and I bumped into numerous amount of opportunities that we can go with, such as, gas stations, laundromats, storage units, franchising restaurants, opening a coffee shop, franchising UPS stores or 7-Elevens, and what not. Whichever venture it is, I plan to stay hands-on with the business.

Recently, I came across Playa Bowls and it has been intriguing. My wife and I, both health-conscious, and believe that this might be something that could be a breakthrough based on the numbers that they share on their website. However, we are still doing our own research and trying to come up with a decision.

We want to hear from the experts on this channel, based on your knowledge, kindly share your opinions on franchising, or any other ideas that will help us grow as we know all businesses comes with a risk. If not business or real estate, what else can we do? My wife and I are both (28), single child and our total combined income is close to around $80k/year. Our families want us to explore outside of our jobs and look for a side quest while and they obviously will be helping us out financially. Our budget to spend is between $500k and $700k. We look forward to any suggestions and recommendations.