Amill Posted March 25, 2014 Share Posted March 25, 2014 Hey I want to open a store does anybody know what it takes money wise and where do you start? Link to comment Share on other sites More sharing options...
Vispera Posted March 25, 2014 Share Posted March 25, 2014 (edited) There is a lot of factors to opening a store and cant really tell you what it will cost YOU to open I mean what do you want to open online or b&m if b&m what are the real estate prices where your at what to you plan to carry do you have wholesalers and what are their prices alot goes into it Edited March 25, 2014 by Vispera Link to comment Share on other sites More sharing options...
bcartervol98 Posted March 25, 2014 Share Posted March 25, 2014 Start by vaping 2-3 years and learn everything about it imo. Didn't you post a picture of the store you already are ready to open Saturday? I mean no offense but if so, this is why I only order online. Everyone business minded that vapes for 3 months is ready to open a store. Until you can answer most questions posed in just about every sub forum you are not ready. Again just brutal honesty, no offense intended. That's the way the B&Ms are where I live and two have already closed in less than a year and the others are struggling. Literally everyone I know in my large circle of friends and business associates order almost exclusively online. Most overpay for starter kits then do research online and realize how badly they got screwed. Either way if you go ahead do your cost and capitalization analysis to figure out if you are properly capitalized for such a venture. I would think you would need $75-100k for space and inventory to start and another $75-100k in reserve to open a B&M that is all encompassing. I did a capitalization analysis for opening a B&M here and those are the rough numbers my accountant and I came up with. Tam 1 Link to comment Share on other sites More sharing options...
Tam Posted March 25, 2014 Share Posted March 25, 2014 You'll also want to do research on how much insurance you'll need to carry, how to get a small business license in your town, the county/city/state/federal taxes you'll have to pay... Don't forget that you'll also want to keep a stash of cash aside for "just in case" emergencies that may come up as well as enough cash and a little more to keep in your register -- once you buy one of those. There is a lot to opening a small business. You would do well to contact a community college in your area and talk with someone in their small business/community division. They should have classes set up so you can learn all about what you need to know before opening one. That's also a good way to network with other business professionals in your area so they can refer customers to your store. Link to comment Share on other sites More sharing options...
Jeffb Posted March 25, 2014 Share Posted March 25, 2014 Dont do it. This vaping thing is a fad. Tam 1 Link to comment Share on other sites More sharing options...
irwink Posted March 25, 2014 Share Posted March 25, 2014 Hey I want to open a store does anybody know what it takes money wise and where do you start? If you came to a vape forum to ask that question you probably have no business even thinking about opening a retail business of any kind. No offense but it's not something one just jumps into. Link to comment Share on other sites More sharing options...
Amill Posted March 25, 2014 Author Share Posted March 25, 2014 Ok now that I got your attention I am looking for better wholesale providers I already posted that I have a store but it got deleted for some reason. I am just looking for a company other than vapor beast honestly Link to comment Share on other sites More sharing options...
Jeffb Posted March 25, 2014 Share Posted March 25, 2014 This thread is closed. You are a supplier and as such you were supposed to notify the admin of this forum, Tam 1 Link to comment Share on other sites More sharing options...
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