I have thought many times about opening a store front. I worked in a mom & pop for 4 years in high school and learned a ton. I have been running my own aquarium maintenance service for 7 years. My main reason for not opening one is that I do not have 1 million+$ in reserve at my disposal and do not want to be married to a store. I am lucky and have a great day job that allows me to piddle with aquariums at night and on weekends and I get paid for it.
1. trans ship. Small shops get their supplies/fish from the same local distributors. Find new ways to get around these distributors. I am helping a friend get set up as a trans shipper so he can get fish to sell at his store for the same price as the distributor pays or less. For this you will need thousands of gallons to hold fish until sale. The up side is you can offer fish for less than retail and still make a huge profit. Buy fish food/water conditioners in bulk and offer RO water. These will attract the experienced fish keepers who are interested in your high dollar fish.
2. Forget online. Unless you can match Big Al's or Smith and Foster forget about it.
3. Dog and cat food will pay rent but unless you can hold inventory like Petsmart and can turn food over before it goes bad it will be a money pit and collect dust on the shelf.
4. Prepare to work long hours-Employees will steal, call in sick and in general are not trustworthy. Be prepared to work 14+ hour days for many days at a time.
5. Look seriously into doing aquarium maintenance. Most of the shops in my area do it as it is basically free money and gets people in their shop. I have agreements with several shops where they send me business that they do not want. I get the crazies and old women who answer the door naked (yes, it has happened) and they get the good stuff. It is an odd business and I work hard to please my clients but it is worth it.
6. Keep your shop CLEAN. People who are casual animal keepers or new to the hobby do not understand why a pet shop smells the way it does. It smells that way because animal food has to go somewhere. The shop I worked in we cleaned cages and used lysol every morning and at 3:00 pm before the night rush. We mopped with bleach EVERY night before leaving and had air cleaners running 24 hrs a day.
7. If you decide to do grooming (personally I wouldn't bother) Rent the space out to a groomer, don't pay the groomers as employees.
8. Bait-Why? Is there a huge call for bait in your area? Are you close to a waterway? Unless you are going to be open early in the morning when fishermen need bait I wouldn't worry about minnows. For your feeders make sure you keep them healthy. In a shop with a central system I always look at the feeders first. If they are dying I never buy from the store as the rest of the fish share that water. What we did that made a huge difference is we bought goldfish/guppies in huge quantities and held them in stock tanks in the back. Hi-cap filtration and treated for disease/fed before we sold them. We held a small number in the store and netted out of the stock tank. Jam 500 goldfish in a 10 gallon, no wonder they look sick.
9. Stay away from central system tanks and go with a large tank drilled semi automatic system and use dark gravel. There was a local shop with white sand as substrate. All the fish looked horrible and you could see every piece of fish poo in them.
If i set up a shop I would concentrate on fish, reptiles and small animals. I would leave the dog/cat stuff to Petsmart and concentrate on what they are not good at. Knowledgable, FRIENDLY!!! help and support and service. I can't stress friendly enough as I have seen more than one privately owned store be taken down when the employees/management became jaded and turned away customers.
Just some thoughts from someone who has done a ton of research on it but can't take the leap.
1. trans ship. Small shops get their supplies/fish from the same local distributors. Find new ways to get around these distributors. I am helping a friend get set up as a trans shipper so he can get fish to sell at his store for the same price as the distributor pays or less. For this you will need thousands of gallons to hold fish until sale. The up side is you can offer fish for less than retail and still make a huge profit. Buy fish food/water conditioners in bulk and offer RO water. These will attract the experienced fish keepers who are interested in your high dollar fish.
2. Forget online. Unless you can match Big Al's or Smith and Foster forget about it.
3. Dog and cat food will pay rent but unless you can hold inventory like Petsmart and can turn food over before it goes bad it will be a money pit and collect dust on the shelf.
4. Prepare to work long hours-Employees will steal, call in sick and in general are not trustworthy. Be prepared to work 14+ hour days for many days at a time.
5. Look seriously into doing aquarium maintenance. Most of the shops in my area do it as it is basically free money and gets people in their shop. I have agreements with several shops where they send me business that they do not want. I get the crazies and old women who answer the door naked (yes, it has happened) and they get the good stuff. It is an odd business and I work hard to please my clients but it is worth it.
6. Keep your shop CLEAN. People who are casual animal keepers or new to the hobby do not understand why a pet shop smells the way it does. It smells that way because animal food has to go somewhere. The shop I worked in we cleaned cages and used lysol every morning and at 3:00 pm before the night rush. We mopped with bleach EVERY night before leaving and had air cleaners running 24 hrs a day.
7. If you decide to do grooming (personally I wouldn't bother) Rent the space out to a groomer, don't pay the groomers as employees.
8. Bait-Why? Is there a huge call for bait in your area? Are you close to a waterway? Unless you are going to be open early in the morning when fishermen need bait I wouldn't worry about minnows. For your feeders make sure you keep them healthy. In a shop with a central system I always look at the feeders first. If they are dying I never buy from the store as the rest of the fish share that water. What we did that made a huge difference is we bought goldfish/guppies in huge quantities and held them in stock tanks in the back. Hi-cap filtration and treated for disease/fed before we sold them. We held a small number in the store and netted out of the stock tank. Jam 500 goldfish in a 10 gallon, no wonder they look sick.
9. Stay away from central system tanks and go with a large tank drilled semi automatic system and use dark gravel. There was a local shop with white sand as substrate. All the fish looked horrible and you could see every piece of fish poo in them.
If i set up a shop I would concentrate on fish, reptiles and small animals. I would leave the dog/cat stuff to Petsmart and concentrate on what they are not good at. Knowledgable, FRIENDLY!!! help and support and service. I can't stress friendly enough as I have seen more than one privately owned store be taken down when the employees/management became jaded and turned away customers.
Just some thoughts from someone who has done a ton of research on it but can't take the leap.