Serious question: How are all of these vintage shops still…
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Serious question: How are all of these vintage shops still in business?
Hello everyone. This is a honest question and I don't want to offend. I'm currently in business school, so this has been on my mind lately. I've been studying costs associated with running a business. This question popped into my mind as I was walking around Andersonville a few weeks ago.
There are so many cool kistchy vintage stores up there by Clark and Foster. Certain ones, such as Wolly Mammoth or Strange Cargo, fill a particular niche. Whereas others in the neighborhood (and around the city) that are almost always empty. How are these places staying open? Brick and Mortar retail is already pretty tough.
A store front, 1x part time employee, utilities, insurance, CC processing fees alone would probably equate to around 4k-4.5k per month...that's before the owner pays their own salary. There are surely other expenses I'm missing. What's the secret?
#local
source
Hello everyone. This is a honest question and I don't want to offend. I'm currently in business school, so this has been on my mind lately. I've been studying costs associated with running a business. This question popped into my mind as I was walking around Andersonville a few weeks ago.
There are so many cool kistchy vintage stores up there by Clark and Foster. Certain ones, such as Wolly Mammoth or Strange Cargo, fill a particular niche. Whereas others in the neighborhood (and around the city) that are almost always empty. How are these places staying open? Brick and Mortar retail is already pretty tough.
A store front, 1x part time employee, utilities, insurance, CC processing fees alone would probably equate to around 4k-4.5k per month...that's before the owner pays their own salary. There are surely other expenses I'm missing. What's the secret?
#local
source
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