PDA

View Full Version : Your own yarn store?


Nuno930
05-30-2005, 09:56 PM
Has anyone though about opening their own shop?

rebecca
05-30-2005, 10:25 PM
My DH thinks I already have one! :roflhard: :happydance:

Anne
05-30-2005, 10:53 PM
:roflhard: Rebecca. I wonder if Amy has thought about it?

MaryB
05-30-2005, 11:38 PM
I could start a very long list of the pros and cons of owning your own shop. I sold my needlepoint shop last Fall. It was a wonderful adventure. It was an expensive adventure. It was an exhausting adventure.

I met some of most wonderful customers who became good friends.
When you feel the joy of creating something you want to share that sensation with everyone who walks through the door.

However, be prepared to give your life to creating that store. The hours are long and in the beginning you can't afford to hire help.

Maybe this is just me, but since I sold my shop I have not touched any needlpoint. I know I will again, but not right now. I have turned to knitting and am really enjoying the change.

rebecca
05-31-2005, 07:51 AM
I used to needlepoint...of course, i never had a store!!!
I think that Amy should go on Knitty Gritty & i think she would be fabulous with a LYS...but she's got so many irons in the fire now...i don't think she's ready for another...lol...but it's a good idea!!

Nuno930
05-31-2005, 09:05 AM
Thanks Mary! After I ponder this more I may have some questions for you.

kemp
05-31-2005, 09:16 AM
I did a little research into this myself. I thought with the yarn prices I see in other LYS, that there must be a pretty good profit margin. That is not necessarily the case. Also, one source suggested a minimum inventory of yarn at $50,000 to start. Pretty big investement in yarn!

cheesiesmom
05-31-2005, 09:43 AM
Also, one source suggested a minimum inventory of yarn at $50,000 to start. Pretty big investement in yarn!

But how much fun it would be buying $50,000 of yarn? OMG I start to tremble at the thought.

MaryB
05-31-2005, 10:03 AM
$50,000 in yarn is a good start. Don't forget to add in rent, utilities, insurance, advertising, etc. There is also the expense of store fixtures. The best bet is to buy an existing store that has a good reputation. It is also a good plan to have 6 months operating expenses in the bank for those times when the bills are just a little higher than you expected!

Nuno930
05-31-2005, 10:09 AM
Huge benefit to living in a small town is there are hundreds of small business grants & loans available!

kemp
05-31-2005, 10:12 AM
if you could get something like that it would be a big help!

rebecca
05-31-2005, 10:15 AM
That all sounds great...but...I'll just keep my existing yarn store, it's not the largest in town...neither is it the smallest...lol!!

MaryB
05-31-2005, 10:25 AM
I did not mean to discourage the idea of owning your own shop. It is a great experience. Knitting is at an all time high, so the timing could be right.

ekgheiy
05-31-2005, 11:43 AM
But how much fun it would be buying $50,000 of yarn? OMG I start to tremble at the thought. Mee too dudette!! I'm trembling now! I can't hold my needles still!! :rofling:

perced
05-31-2005, 12:14 PM
I have. There are even a few good spots open in our small town. I don't have the energy for another business start-up though. We sold our mail order comic book business because it took all of our time. We loved the business and were quite successful but we are a much happier family now that we have more time together. Thinking about it is fun though.

Egeria
05-31-2005, 01:13 PM
My DH has a dream of opening up a comic book store. And I'm beginning to think I could open a yarn shop right next to his.

It's just a germ of an idea. But's its there!

Joel
05-31-2005, 01:23 PM
For me personally, the only way I could do something like that would be to combine it with a forum such as this one.

I would suggest this method because:

1. It's online and open 24/7 and staff is not required to handle taking sales orders.
2. You already have a market of people interested in your product, including a market outside of your local area.
3. Potentially a much smaller inventory requirement, depending on your suppliers.
4. Fixed costs such as rent, electric, etc, would also be reduced.

That's my 2 cents worth. ;-)

Gatomoso
05-31-2005, 04:23 PM
I think of it often. I was actually contemplating not going back to work after maternity leave to open up a store. We dream of a yarn store where we'd sell natural yarns and serve bread, cookies, tea, and coffee. My best friend and I actually do have the capital and the support of our spouses. Another good friend is a pastry chef who makes very yummy creations. So, after I research this to death, I may do it!

Dreaming don't cost a thing . . . Action, however, can be very expensive!

VickiIL
05-31-2005, 04:30 PM
A girlfriend and I were talking about this the other day. We decided it would have to include a yarn store, book store and coffee shop!

Now if we only had the $$$$$$$.

KellyK
05-31-2005, 07:18 PM
A girlfriend and I were talking about this the other day. We decided it would have to include a yarn store, book store and coffee shop!

OMG I would TOTALLY travel to Plainfield to shop at your store!!! :cheering:

Hildegard_von_Knittin
06-01-2005, 12:33 AM
DH and I have grandiose plans of opening a joint business... yarn and "girly things" on one side, and guitars and "man things" on the other. We got stuck when trying to come up with a catchy name though... oh well!

Nuno930
06-01-2005, 12:42 AM
I think it should be "Girl Stuff & Guy Parts" it's catchy.

KellyK
06-01-2005, 07:27 AM
"Hiz-N-Herz"

"Girly-Man"

"Sugar and Snails"
(You know, from "that's what little girls/boys are made of"? Sugar and spice and everything nice, snips and snails and puppy-dog tails...)

ekgheiy
06-01-2005, 07:31 AM
...We got stuck when trying to come up with a catchy name though... oh well! Mars and Venus :?? :oops:

roxyquiksilver34
06-01-2005, 11:33 AM
Plymouth Yarn Co. (based out of PA) has a great support system for those who want to open a LYS - I've spoken several times to the local rep, but alas I have no time right now to even consider leaving my current career to start another business! (used to be in business with Mom back in the mid 90's before she moved to the West Coast)

If anyone wants the info, pm me.

Hildegard_von_Knittin
06-01-2005, 03:40 PM
I think it should be "Girl Stuff & Guy Parts" it's catchy.

guy PARTS???? that just sounds... uhh... kind of anatomical :shock: everyone would think we run one of "those" stores... the ones where the windows are covered with black paper and items are placed in nondescript bags. Hmmmmmm, maybe DH and I have the wrong idea here....
:roflhard: :roflhard: :roflhard:

Nuno930
06-01-2005, 03:43 PM
guy PARTS???? that just sounds... uhh... kind of anatomical :shock: everyone would think we run one of "those" stores... the ones where the windows are covered with black paper and items are placed in nondescript bags. Hmmmmmm, maybe DH and I have the wrong idea here....
:roflhard: :roflhard: :roflhard:

Ahhh but just think of all the walk in traffic you would get. Sure, they'd be annoyed at first...