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View Poll Results: Ever consider owning your own aquarium store? | |
Yes.
|     | 48 | 67.61% | |
No.
|    | 23 | 32.39% | 
02-14-2008, 04:29 AM
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#31 (permalink)
| | Giant Squid
Join Date: Jul 2007 Location: Miami, FL Age: 39
Posts: 4,582
 
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Quote:
Originally Posted by Dark Lord Coral  Some days I wish I could turn back time  | So, does that mean no on your part?  _________ 9YR OLD 90G/55g custom sump/refug Mag18 Aquac 180skimmer 692w MH AC jr,yel&kole tang,midas&convict blenny,B&G chromies,Blk/yel fin chromie blackcap,nemo,neon goby,6line; Blastomussa Merleti,Acan ,BUBBLE,Torch,LTA, Acropora(2) Moon, assort zoas, yel& G star polyps, P&B ricordia, montiporas, cup&candy corals, xenias,B/G mush,flower ane(2), cherry red mussa, dusters,cleaning crew..  | 
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02-17-2008, 09:16 PM
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#32 (permalink)
| | Skunk Shrimp
Join Date: Sep 2007 Location: Fremont, CA Age: 32
Posts: 287
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I have the means but not the experience. I would love to invest some of my money on a state of the art store, but I lack the necessary knowledge. | |
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02-17-2008, 11:16 PM
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#33 (permalink)
| | Giant Squid
Join Date: Oct 2006 Location: TN Age: 31
Posts: 3,895
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Quote:
Originally Posted by clownfish I have the means but not the experience. I would love to invest some of my money on a state of the art store, but I lack the necessary knowledge. | A state of the art store would take more then $100K and a year in the making to get everything in, built, cycled etc. Then hopefully you can make a profit off of it. There is a state of the art store in TX, and its awesome! A whole bunch of money was sunk into that store, and it shows! The trick to it IMO, is to be a retail LFS and be online. _________ Got Questions? Need Answers?
"Believe those who are seeking the truth; doubt those who find it." Andre Gide  | |
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02-17-2008, 11:33 PM
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#34 (permalink)
| | Torch Coral
Join Date: Jul 2006 Location: valencia,pa. Age: 35
Posts: 1,167
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i doubt i could run a store part time that i owned and i'll never work full time again so i guess i'd never be able,but yes i've thought of it.my girlfriend and i have been planning to raise some fish though.
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55 gallon reef with 4x54 watt t5,29 gallon sump,red monti cap,1blue echinophyllia,trumpet,red lobo,2 toadstools 1purple and 1neon,gsp,xenia and yellow xenia,red ,many mushrooms,2 giant frilly shrooms,cabbage coral,yellow polyps,many zoos,1 orange and one neon green nepthia,duncans,cladiella | |
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02-18-2008, 04:53 AM
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#35 (permalink)
| | Gnarly Old Codfish
Join Date: Sep 2003 Location: Silverdale, Washington Age: 59
Posts: 4,788
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Quote:
Originally Posted by clownfish I have the means but not the experience. I would love to invest some of my money on a state of the art store, but I lack the necessary knowledge. | You have the hard part covered...
My problem is that there are already two good LFS's in neighborhood. Would be very difficult to compete with. Not that I would even want to try.  _________ AG "125," AquaC EV 180, 30 gal sump, "SCWD", 80 lbs LR, CoralSeaLife "Moonlite" Hood, PFO 250W HQI Mini-Pendant (SPS HQI 14000k bulb)
12 Gallon NanoCube - 24w stock PC 50/50 light "...nothing good ever happens fast in a reef tank, only bad things happen fast..."
- MIKE PALLETTA - (2008 Reef log) ("OmarD"/"Scott") | |
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02-18-2008, 05:05 AM
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#36 (permalink)
| | Giant Squid
Join Date: Oct 2006 Location: TN Age: 31
Posts: 3,895
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Quote:
Originally Posted by omard You have the hard part covered...
My problem is that there are already two good LFS's in neighborhood. Would be very difficult to compete with. Not that I would even want to try. | Start up capital is only half of the hard part IMO. A quality supplier is the other half. If you can get the same stuff they carry or better and sell it at a lower price with less overhead, then you're not competing with them, they have to compete with you. | |
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02-18-2008, 05:09 AM
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#37 (permalink)
| | Giant Squid
Join Date: Jul 2007 Location: Miami, FL Age: 39
Posts: 4,582
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This thought has crossed my mind so many times, its not even funny. My problem would be a couple of factors. Location, there is 6 LFS around my house, even though I wouldnt open one around here for obivious reasons. Money, It would cost AT LEAST $150,000. to start and what I would consider to be a lack of knowledge on my part. I was given a chance to buy one of the lfs around my house, but stupid me, I didnt ask how much. He said that he has over $6000.00 a month in expenses and that his store covers that and more. | |
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02-18-2008, 05:13 AM
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#38 (permalink)
| | Gnarly Old Codfish
Join Date: Sep 2003 Location: Silverdale, Washington Age: 59
Posts: 4,788
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Quote:
Originally Posted by geekdafied Start up capital is only half of the hard part IMO. A quality supplier is the other half. If you can get the same stuff they carry or better and sell it at a lower price with less overhead, then you're not competing with them, they have to compete with you. | Understand...
My primary LFS gets livestock directly from Jakarta and Hawaii collectors which he has a very good relationship with. Buys in bulk and has direct shipping routes pretty well figured out.
Have yet to see wide range of quality low priced items elsewhere.
Of course for hard goods, he does not try to compete much with the internet.
Seems to carry mostly startup stuff for new reefers and emergency items we may all need quickly. All a bit more then what could get on net.
But hey, he needs to stay in business so I support him as much as I can or want to.
I wish I had the $$$ just to buy him out. | |
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02-18-2008, 05:13 AM
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#39 (permalink)
| | Giant Squid
Join Date: Oct 2006 Location: TN Age: 31
Posts: 3,895
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Quote:
Originally Posted by lunatik_69 This thought has crossed my mind so many times, its not even funny. My problem would be a couple of factors. Location, there is 6 LFS around my house, even though I wouldnt open one around here for obivious reasons. Money, It would cost AT LEAST $150,000. to start and what I would consider to be a lack of knowledge on my part. | $150K wouldnt do it in your area. In the miami area, I wouldnt try without $300K depending on what location I could find. | |
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02-18-2008, 05:18 AM
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#40 (permalink)
| | Giant Squid
Join Date: Jul 2007 Location: Miami, FL Age: 39
Posts: 4,582
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Quote:
Originally Posted by geekdafied $150K wouldnt do it in your area. In the miami area, I wouldnt try without $300K depending on what location I could find. | Even worse Geek, Although, I have been told that depending on location, connections, whole sellers and good ppl to help you along the way, you can start up with $100,000. to $150,000. | |
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