i'm the hopeful storeowner.
so, anyways. as the title says, i'm the one looking to open up a store. and not just me, but me and 2 of my close friends, who are also saving up money for it (our hopeful launch date will be winter of next year). they have a lot of flat cash, and i have perfect credit, so i dn't forsee getting a loan as being a major issue. paying back that loan, however, could be.
to answer questions, i live in the southeast of philadelphia (near media). the only gaming store nearby is showcase comics, which focuses primarily on comics and is often sold out of magic cards. in addition, the two people going into this with me have both worked there for over 6 months, so i'm hoping they have some on-the-job experience.
i know a lot of gamers in philly, and it seems like they'd like to take advantage of a store with an actual place for gaming. apparently, showcase's major income is warhammer models and comics. i couldn't get the corner on the comic market, at least not until the store is established, since most of that money comes from people who have comic files. but there is a definite lack of gaming space (every genre) and i think that gap is aching to be filled. i plan to sell the good graphic novels, but not monthly issues.
i know there won't be much money for the first year, but the three of us are willing to work essentially without pay for the good of the store.
i understand about personal biases...i plan to carry heroclix and yugioh cards, heh. i also plan to sell singles, which is something showcase doesn't do. i also plan on selling gaming books (both ww and wotc) but expect most of the profit to come from ccgs and warhammer models.
$30,000 i can do, without loans (i know i can save up $10,000, and i think my partners could do the same). and, again, i have no aversion to taking out loans...god knows how much i owe nyu for my (useless) bachelors.
we don't expect to get rich...we just hope to get enough money to get by, and do something we enjoy.
one of my partners is taking business classes to help with the accounting, though we will definitely hire an accountant.
we're really enthusiastic about this, and it seems like the market is ripe. not to mention that i know about 50% of the market in the area, so i'm sure they'd be more loyal to a friend than to a store they'd shopped at before. not to mention i'm a somewhat attractive female who knows a lot about magic and most rpgs, which i think also gives an edge over the store that employs primarily middle aged men. shallow, yes, but i don't think it can be discounted.
i'm just concerned as to where to start. me and partner1 are writing the business plan, but i don't really know what to put into it. i'll look into that website.
my only real fear is eating up my own profits, heh.
right now, i'm thinking of putting the store in a strip mall, since i don't want to be restrained by the 9pm closing time of enclosed malls. do you think that's a good idea, or should i look for something freestanding?
and do you think $30,000-$40,000 is enough money to start up the store, without worrying about going under due to a bad month? be honest.
