Magic9
Plant Enthusiast
Since this place has a very deep, and varied talent pool, I figured I might get some great ideas.
I'm trying to decide where to go next in my life. I have an offer for a good paying job, with good benefits. However, I do not want to spend the rest of my life doing shit I have zero passion for. I would like to be able to be my own boss (wouldn't we all?).
That brings this post. I have $5K that I would like to invest in a business. Serious consideration has been given to a retail tobacco store. Hold the boos, I would like to have a decent selection of e-cigs also. Eventually (once more capital was injected), start carrying mj vapes also. In our area (decent sized metro), there are two tobacco shops, and one music store with a "head shop" section. Decent glass, cheap accessories, and 2-3 vapes (wisper,and a box type). They wholesale from gotvape and are willing to special order from them. I feel we could outperform both the tobacco stores, and the "head shop", both in terms of service and info.
The possibility of "poker machines" is also a factor. Feds frown on them, but the locals don't pay much attention to them. Leased with split profit, so almost no cost to add.
The problem that pops up, $5k is a paltry amount for a brick and mortar store. Rental rates are pretty good in the area, it's the initial inventory that shits on my plan. Hard to go over $5k because we do have bills to pay.
I've looked into on-line stores also. Vapes (of course), t-shirts, tomato growing supplies, etc. The issue I run into there, is market saturation. There are so many "big" ones, I can't see a "small" coming in with hopes to make any money. Even considered mall kiosks.
I'm just kind of spit balling here, and feel like I've hit a brick wall. Any ideas, suggestions, advice, breakdowns, literally any info at all would be appreciated. I'm completely open to new business ideas and suggestions also.
I'm trying to decide where to go next in my life. I have an offer for a good paying job, with good benefits. However, I do not want to spend the rest of my life doing shit I have zero passion for. I would like to be able to be my own boss (wouldn't we all?).
That brings this post. I have $5K that I would like to invest in a business. Serious consideration has been given to a retail tobacco store. Hold the boos, I would like to have a decent selection of e-cigs also. Eventually (once more capital was injected), start carrying mj vapes also. In our area (decent sized metro), there are two tobacco shops, and one music store with a "head shop" section. Decent glass, cheap accessories, and 2-3 vapes (wisper,and a box type). They wholesale from gotvape and are willing to special order from them. I feel we could outperform both the tobacco stores, and the "head shop", both in terms of service and info.
The possibility of "poker machines" is also a factor. Feds frown on them, but the locals don't pay much attention to them. Leased with split profit, so almost no cost to add.
The problem that pops up, $5k is a paltry amount for a brick and mortar store. Rental rates are pretty good in the area, it's the initial inventory that shits on my plan. Hard to go over $5k because we do have bills to pay.
I've looked into on-line stores also. Vapes (of course), t-shirts, tomato growing supplies, etc. The issue I run into there, is market saturation. There are so many "big" ones, I can't see a "small" coming in with hopes to make any money. Even considered mall kiosks.
I'm just kind of spit balling here, and feel like I've hit a brick wall. Any ideas, suggestions, advice, breakdowns, literally any info at all would be appreciated. I'm completely open to new business ideas and suggestions also.
) You will have lease, build out, fixtures, forms, business license...
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