Retrobike Forum Index

It is currently Sat Dec 03, 2016 3:09 pm

* Login   * Register * Search  * FAQ



Post new topic Reply to topic  [ 31 posts ]  Go to page 1, 2, 3, 4  Next
Author Message
PostPosted: Mon Feb 25, 2013 4:10 pm 
King of the Skip Monkeys
King of the Skip Monkeys
User avatar

Joined: Wed Nov 07, 2007 4:34 pm
Posts: 26146
Location: Moomin Valley
As we have decided to quit our little retail unit inside a shopping centre in Peterborough - we are looking into opening a shop instead. A proper bricks & mortar job.

Its an ex Julian Graves unit so is just about the right size for us.

What next? Anyone have any experience? We will be fairly green to it all and very likely to fail miserably I'm sure, but...


Top
 Profile  
 
PostPosted: Mon Feb 25, 2013 4:16 pm 
retrobike rider
retrobike rider
User avatar

Joined: Sun Feb 19, 2012 10:08 am
Posts: 6840
Location: Nth Somerset, UK
I have no experience in retail, but when my LBS set up shop, he bought all his fixtures, fittings display cabinets and even his till s/h, as there are places that specialise in selling this kind of thing.


Top
 Profile  
 
PostPosted: Mon Feb 25, 2013 4:23 pm 
King of the Skip Monkeys
King of the Skip Monkeys
User avatar

Joined: Wed Nov 07, 2007 4:34 pm
Posts: 26146
Location: Moomin Valley
The unit we are looking at still has all the original display units.

We will be selling gifts, shabby chic (not too much of that!) kids gifts, wedding planning gifts, seasonal. I can wangle a few bike related bits too such as refurbed ladies bikes and such like.


Top
 Profile  
 
PostPosted: Mon Feb 25, 2013 4:28 pm 
eBay Outing Master
User avatar

Joined: Sat Nov 21, 2009 3:53 pm
Posts: 8000
Look for grants, I'm pretty sure there are a few for new start ups. Get a trade mag to see business's closing and get as much as cheaply as poss and advertise. Get some cheap flyers then be one of those annoying people who hand out/ put flyers on windscreens in diy car parks.... No good being open if no one knows you are


Top
 Profile  
 
PostPosted: Mon Feb 25, 2013 4:52 pm 
Old School Grand Master
User avatar

Joined: Mon Jun 14, 2010 9:06 pm
Posts: 4423
Location: Herts UK
legrandefromage wrote:
We will be selling gifts, shabby chic (not too much of that!) kids gifts, wedding planning gifts, seasonal. I can wangle a few bike related bits too such as refurbed ladies bikes and such like.



All the best luck but I think you are doomed. What is the reason for moving out of the rented unit - if is due to expansion i.e. you are selling more than you can keep in stock or display, then you may have a fighting chance.

The high street has been decimated - if you can buy the same stuff on the internet, then there is no hope for any shop. The only shops that seem to be thriving are cafes, restaurants and hair dressers since you cannot buy those on the internet.

You need to decide in advance when to pull the plug i.e. after you have lost £ X thousands or not made money for Y months and stick to that.


Top
 Profile  
 
PostPosted: Mon Feb 25, 2013 5:04 pm 
King of the Skip Monkeys
King of the Skip Monkeys
User avatar

Joined: Wed Nov 07, 2007 4:34 pm
Posts: 26146
Location: Moomin Valley
We have what is called an 'RMU' - retail display unit. Basically a market stall inside another shop. Their rent is quite expensive - we could rent a fair size shop for what they charge.

True, we'd have rates and utilities too but we'd also quadruple the retail space for about the same as what we are paying.

The footfall isnt bad where we're looking as its right in the centre.

True, high streets are struggling but the stuff we sell isnt on the internet unless you count my missus' website: http://www.estrellableu.com

What we have now:

Image


Top
 Profile  
 
PostPosted: Mon Feb 25, 2013 5:14 pm 
Old School Grand Master
User avatar

Joined: Mon Jun 14, 2010 9:06 pm
Posts: 4423
Location: Herts UK
... all I am saying is sit down and do the sums and be realistic. If it were that easy, then there would not be a shop for you to rent and Julian Greaves would still be trading there.

Nevetheless, it is still better to have tried and failed than to never have tried at all (unless of course the cost of trying was losing your home!!).


Top
 Profile  
 
PostPosted: Mon Feb 25, 2013 5:20 pm 
Retro Guru
User avatar

Joined: Thu May 08, 2008 4:18 pm
Posts: 2336
02gf74 wrote:
... all I am saying is sit down and do the sums and be realistic. If it were that easy, then there would not be a shop for you to rent and Julian Greaves would still be trading there.


Logic fail -- the whole Julian Graves chain went into administration, it doesn't tell you anything very much about that particular retail location. And even if it did, they sold different stuff to that which LGF's talking about, which sounds like exactly the sort of stuff that people like to actually look at in person before buying.


Top
 Profile  
 
PostPosted: Mon Feb 25, 2013 6:04 pm 
Old School Grand Master
User avatar

Joined: Mon Jun 14, 2010 9:06 pm
Posts: 4423
Location: Herts UK
MikeD wrote:
02gf74 wrote:
... all I am saying is sit down and do the sums and be realistic. If it were that easy, then there would not be a shop for you to rent and Julian Greaves would still be trading there.


Logic fail -- the whole Julian Graves chain went into administration, it doesn't tell you anything very much about that particular retail location. And even if it did, they sold different stuff to that which LGF's talking about, which sounds like exactly the sort of stuff that people like to actually look at in person before buying.


Really? I'll wager 5p that that particular location is not too dissimailr to any other Julian Grave locations. (and I reserve to define by is meant by dissimilar :P )


Top
 Profile  
 
PostPosted: Mon Feb 25, 2013 6:08 pm 
Retro Guru
User avatar

Joined: Thu May 08, 2008 4:18 pm
Posts: 2336
You miss my point. What does the failure of a chain of health food shops have to do with the chances of success of an independent gift shop? I'd never heard of JG until this thread, but apparently they sold mostly fruit and nuts, which seems like what people go to supermarkets for.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 31 posts ]  Go to page 1, 2, 3, 4  Next

All times are UTC [ DST ]


Who is online

Users browsing this forum: old_coyote_pedaller and 34 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  

About Us

Follow Retrobike

Other cool stuff

All content © 2005-2015 Retrobike unless otherwise stated.
Cookies Policy.
bikedeals - the best bike deals in one place
FatCOGS - Fat Chance Owner's Group

Powered by phpBB® Forum Software © phpBB Group