Reply
 
Thread Tools Display Modes
Old 05-30-2005, 09:56 PM   #1
Nuno930
Working the Gusset
 
Join Date: Dec 2004
Posts: 1,074
Thanks: 0
Thanked 5 Times in 3 Posts
Your own yarn store?
Has anyone though about opening their own shop?
__________________
Nik
It's better to be hated for who you are then be loved for who you are not ~ Van Zant
Nuno930 is offline   Reply With Quote

 

This advertising will not be shown to registered members. Join our free online community today!

Old 05-30-2005, 10:25 PM   #2
rebecca
Grafting the Toe
 
rebecca's Avatar
 
Join Date: Apr 2005
Location: Follow the Yellow Brick Road...
Posts: 7,620
Thanks: 189
Thanked 92 Times in 66 Posts
My DH thinks I already have one!
__________________
Addicted to the Knit is Becka

"I can do everything through Him who gives me strength."

Whimsical Knitting
Whimsical Knitting Designs

I'm Becka on Ravelry!
rebecca is offline   Reply With Quote
Old 05-30-2005, 10:53 PM   #3
Anne
Knitting the Flap
 
Join Date: Jan 2005
Location: Michigan
Posts: 257
Thanks: 0
Thanked 0 Times in 0 Posts
Rebecca. I wonder if Amy has thought about it?
Anne is offline   Reply With Quote
Old 05-30-2005, 11:38 PM   #4
MaryB
Turning the Heel
 
MaryB's Avatar
 
Join Date: May 2005
Location: Suburban Chicago
Posts: 606
Thanks: 36
Thanked 79 Times in 66 Posts
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.
MaryB is offline   Reply With Quote
Old 05-31-2005, 07:51 AM   #5
rebecca
Grafting the Toe
 
rebecca's Avatar
 
Join Date: Apr 2005
Location: Follow the Yellow Brick Road...
Posts: 7,620
Thanks: 189
Thanked 92 Times in 66 Posts
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!!
__________________
Addicted to the Knit is Becka

"I can do everything through Him who gives me strength."

Whimsical Knitting
Whimsical Knitting Designs

I'm Becka on Ravelry!
rebecca is offline   Reply With Quote
Old 05-31-2005, 09:05 AM   #6
Nuno930
Working the Gusset
 
Join Date: Dec 2004
Posts: 1,074
Thanks: 0
Thanked 5 Times in 3 Posts
Thanks Mary! After I ponder this more I may have some questions for you.
__________________
Nik
It's better to be hated for who you are then be loved for who you are not ~ Van Zant
Nuno930 is offline   Reply With Quote
Old 05-31-2005, 09:16 AM   #7
kemp
Grafting the Toe
 
kemp's Avatar
 
Join Date: Mar 2005
Location: Cincinnati, Ohio
Posts: 4,681
Thanks: 81
Thanked 107 Times in 84 Posts
Send a message via ICQ to kemp Send a message via AIM to kemp Send a message via Yahoo to kemp
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!
kemp is offline   Reply With Quote
Old 05-31-2005, 09:43 AM   #8
cheesiesmom
Turning the Heel
 
Join Date: Mar 2005
Location: michigan
Posts: 779
Thanks: 52
Thanked 35 Times in 31 Posts
Quote:
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.
cheesiesmom is offline   Reply With Quote
Old 05-31-2005, 10:03 AM   #9
MaryB
Turning the Heel
 
MaryB's Avatar
 
Join Date: May 2005
Location: Suburban Chicago
Posts: 606
Thanks: 36
Thanked 79 Times in 66 Posts
$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!
MaryB is offline   Reply With Quote
Old 05-31-2005, 10:09 AM   #10
Nuno930
Working the Gusset
 
Join Date: Dec 2004
Posts: 1,074
Thanks: 0
Thanked 5 Times in 3 Posts
Huge benefit to living in a small town is there are hundreds of small business grants & loans available!
__________________
Nik
It's better to be hated for who you are then be loved for who you are not ~ Van Zant
Nuno930 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Looking for Yarn Store in NY Arielluria How-to Questions 4 09-08-2008 08:15 PM
How do you store your yarn? SabrinaJL General Knitting 23 09-16-2007 10:52 AM
Yarn stores in CT MA? HELP Hubby says only ONE yarn store itsazoo General Knitting 6 09-20-2006 02:53 PM
SF Yarn Store: Yarn Garden ASAP!!! allegra918 General Knitting 0 03-11-2006 01:05 PM
Best way to store yarn?? wildforyarn General Knitting 3 07-28-2005 12:56 PM

All times are GMT -4. The time now is 01:29 AM.