Opening a Grow shop???
- Thread starter olddaffy
- Start date
No offense dude and I don't mean to talk down on you but aside from this subject has been beaten to death on here I can assure you the following (and am going to keep it short):
1st the large whole sale distributors olddaffy listed will NOT give you a retail contract if there's anyone who already has one with them in a more or less close proximity (depends on a few factors) to where you would be opening yours.
2nd you will need a fairly large amount of cash to open yours.
Below 50k - forget it.
Why?
You will need security & rent on a commercial lease.
Inventory
Insurance
You will need back-up funds since your shop won't take off from day one but you still will have all the expenses to pay.
Having someone else on stand-by to back you up in case you get sick is recommended. Employees like to steal though.
The already listed wholesale distr. (and a few more) have a price binding policy. You cannot sell for less than what they tell you. If you do - you lose the contract.
Ebay and online shops will likely beat your brick & mortar shop prices since they have no overhead.
Still want to open a shop?
No offense dude and I don't mean to talk down on you but aside from this subject has been beaten to death on here I can assure you the following (and am going to keep it short):
1st the large whole sale distributors olddaffy listed will NOT give you a retail contract if there's anyone who already has one with them in a more or less close proximity (depends on a few factors) to where you would be opening yours.
2nd you will need a fairly large amount of cash to open yours.
Below 50k - forget it.
Why?
You will need security & rent on a commercial lease.
Inventory
Insurance
You will need back-up funds since your shop won't take off from day one but you still will have all the expenses to pay.
Having someone else on stand-by to back you up in case you get sick is recommended. Employees like to steal though.
The already listed wholesale distr. (and a few more) have a price binding policy. You cannot sell for less than what they tell you. If you do - you lose the contract.
Ebay and online shops will likely beat your brick & mortar shop prices since they have no overhead.
Still want to open a shop?
this
bank's won't lend for this type of biz because they know if the place gets raided by the cops you'll forfeit all of the inventory until you prove yourself innocent.......
it's ALL your cash investment.
The three key things to a successful business are:
1. Location
2. Location
3. Location
These three things will also determine every other variable all these other people mentioned.
All the things strain hunter said can easily be overcame under the right circumstances in my opinion, but the thing no one has mentioned yet is the fed factor which could have serious possible consequences on your personal life.( once again it depends on location)
I would think Michigan is probably the place to do it right now....
1. Location
2. Location
3. Location
These three things will also determine every other variable all these other people mentioned.
All the things strain hunter said can easily be overcame under the right circumstances in my opinion, but the thing no one has mentioned yet is the fed factor which could have serious possible consequences on your personal life.( once again it depends on location)
I would think Michigan is probably the place to do it right now....
Oxygen_Man
Member
your better off running a internet website
That's exactly the problem.
Some are posting based on opinions, others are not.
Sounds to me like want to push your negative experiences on someone else, whatever they are/were.
I can guarantee you that I know other people have had other experiences.
Haha...keep on dreaming buddy!
I'm not dreaming of negative vibes at you bro- just saying I've had buddies go from renting a 500sf to owning a 5000sf in less than a year, and they definitely didn't have 50k. It all depends on where you're at . That was here in Colorado, during a boom. You are just acting like you're mr. hydrostore and saying that it's not possible to do it with less than 50k and I was just telling you it's been done more than once.
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In~Plain~Site
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Grendelkhan
Member
Your going to need money for inventory. Having the product on the shelf is a must and you need to have the products that are going to move, not just what you like. Location. If your thinking about one of the medical states your looking at alot more people there already. In my area there are about 14 different shops. With so many shops, your mark up on goods isn't much. Hunter is correct about many of the hydro companies not offering you a account if they already have one in the area. As an example Canna won't even talk with you unless you have had a shop open for 2 years and they want proof with picture and records. Try getting House and Garden without having to deal with Humboldt Wholesale and your going to be shit out of luck. Another thing to think about is security. As pretty much every shop in my area has been ripped off at least one or twice. Some even more. Camera don't mean that they won't rip you off but at least you will have it on tape! Its a cool life to lead running a hydro shop but if your planning on getting rich I would suggest looking at a different aspect of the hydro industry. Good luck.
T
thefatman
No hydro or grow shops in Alaska. Just a few local green hose supply stores and all they carry is a line of GH and AN and a few Sodium Vapor and MH lights. The old marijuana law allowed MJ in amounts below 4 ounces and less than 24 plants and if the mj or plants are found during the investigation of another crime it is then a separate misdemeanor. The right to possess mj in your own home has been determined by the Superior court and up held by the appeals court to be a Constitutional right. How ever Sarah Palin changed the law so that you can only possess the same amount of mj and plants as that allowed for medical mj. However the state law makers did not them selves submit a bill to the Governor in order to change the existing laws so the state statutes (law books) have not been changed.
Strange permit system for medical mj growers. A care giver (grower) can possess only A) one ounce of marijuana in usable form; and (B) six marijuana plants, with no more than three mature and flowering plants producing usable marijuana at any one time. You can only carry one care giver permit at a time and it is only a permit to grow for one patient with a doctors prescription for medical mj in order to apply for a state permit.
i.e. it is legally better not to be a medical mj grower in Alaska as your more restricted in how much you can possess and how many plants your allowed to grow and bud at one time.
The only advantage to being a permitted grower, (versus unregistered/permitted) is if your investigated (search warrant or reason to enter your home (domestic violence etc) or busted for another crime and they find the medical mj grow they can not add that to your other charges. Whoopee they can't charge you with a misdemeanor.
Strange permit system for medical mj growers. A care giver (grower) can possess only A) one ounce of marijuana in usable form; and (B) six marijuana plants, with no more than three mature and flowering plants producing usable marijuana at any one time. You can only carry one care giver permit at a time and it is only a permit to grow for one patient with a doctors prescription for medical mj in order to apply for a state permit.
i.e. it is legally better not to be a medical mj grower in Alaska as your more restricted in how much you can possess and how many plants your allowed to grow and bud at one time.
The only advantage to being a permitted grower, (versus unregistered/permitted) is if your investigated (search warrant or reason to enter your home (domestic violence etc) or busted for another crime and they find the medical mj grow they can not add that to your other charges. Whoopee they can't charge you with a misdemeanor.
Imagine the late night TV ads.... RESULTS SHOWN ARE NOT NORMAL... MOST PEOPLE FAIL OR DO NOT RECOUP THEIR INVESTMENT...
So yeah, the OP is kind of smoking? opening a hydro store is like opening up any other store that sells niche goods. Sure, if you're in the middle of a 'gold rush,' selling $1 widgets for $5 b/c of the 'rush'.... well those aint optimal conditions, your bros were in the right place, right time.
Right place, right time = do not use as an example as its an anomoly. Shit son, you got to have your crap together to put up a shop!
So ask yourself - How easy is it to start up a retail store? Not easy at all!
- have to secure/lease a location. thousands of $$$
- build space out, buy shelves n shit $$$$
- stock inventory, $$$$$$$$$$$$
- insurance and legal shit $$$$$$
- having a business built on selling overpriced BS nutes and tube fixtures = risky
Oxygen_Man
Member
we just don't want you to loose out on 50,000 dollars. Put that into a hydro store online with SEo techniques and youd be better off.... free shipping on most items
I got a little anecdote:
Someone opened a hydrostore.
It was going well regarding the amount of sales but the profit was rather marginal - because a LOT of his stuff was getting stolen.
So dude had two choices:
to either hire a 2nd person so when he was busy the other person could keep his/her eyes open.
Or install a tricked out security system with camera.
He opted for the 2nd choice (He was thinking: why pay someones salary? if he can do it with a one time investment!)
Even though theft went down, within 6 more months he had to close - because none of his regular customers wanted to be recorded by a security system within the store!
Someone opened a hydrostore.
It was going well regarding the amount of sales but the profit was rather marginal - because a LOT of his stuff was getting stolen.
So dude had two choices:
to either hire a 2nd person so when he was busy the other person could keep his/her eyes open.
Or install a tricked out security system with camera.
He opted for the 2nd choice (He was thinking: why pay someones salary? if he can do it with a one time investment!)
Even though theft went down, within 6 more months he had to close - because none of his regular customers wanted to be recorded by a security system within the store!
