I'm not good at business but, given as Brazilian Archibald is on a rant I'll bump this so more people will see this. Best of luck for whatever action you see through
Depends on what else is nearby. A coffee shop with lounge area and rentable conference room for meetups could do well.
Thanks for the bump>>354
Still in operation is a salon, two restaurants, a dog groomer and some lawyers office. A coffee shop isn't a bad idea, I could set that up very cheaply in the smaller of the two units. Would still have 90% of the space unused at that point.
For further info, the location was originally a grocery store. It was divided into two smaller stores later. There is a ton of storage in the back, close to 4000ft2 and has a second floor with a service escalator that was in the middle of being converted into an apartment.
Is there any outdoor space (back lot or yard of any kind), can you set tables on the sidewalk, and could you get a liquor license?
Assuming you live in a normal area and not some shitty dry county I would highly suggest a beer/wine bottle shop. No hard liquor (licencing and rules are a lot more strict) but lots of hoppy IPAs and other beers as well as some wines and sparkling stuff for the ladies.
As a store format bottle shops are really easy to set up since you just need some refrigerator cases and maybe a few tall tables and TVs if you want to let people drink on site. If you have any kind of outdoor space that would help too but most of your customers would probably be people heading to the pier.
If not that then I would suggest a vape or weed shop if it's legal for recreational use where you are. If you just focus on weed vape you don't need a lot of stuff, just seed money to buy inventory. Only downside is security can be difficult since pot shops sometimes get robbed a lot. But you could also grab a nice espresso machine and some coffee pots and do a weed vape and coffee shop which would get morning and evening business pretty easy. Potheads call weed and coffee a "hippie speedball" so you could reference that in your business name or something and also sell CBD products for boomers.
Grow mushrooms, unironically.
I have been a USDA indoor mushroom farmer since 2005. My buildings produce 1/2lb/ft^2/week of mushrooms (shiitake, oyster, lions mane). With the 4,000 square feet of storage you have your building has 428,000$ in production equity, plus whatever the land and building are worth. If the building is worth 200,000, and land worth 25,000 then you have 653,000$ in equity with the one store front alone that you can borrow on. The loans interest is subsidized to 1.5%, and you can service your note with first time farmer grants from both state and federal sources.
The best part about the faggot ass USDA is you loan is guaranteed 95%. This means if you fuck up, default, whatever, you only owe 5% of your loan, with the FEDS covering the other 95%. You can fuck up a loan every 5 years with no impact on your credit, as the USDA will refi you or forgive a portion/issue another loan with little to no interest so you can pay the first one off (or get a grant to pay off your balance).
The state of Texas pays me 10k/year in grant money for the Young Farmers Program, and that 10k goes towards note servicing and equipment costs.
I copied the business plan of the largest producer of mushrooms in the US. So large they got hit with antitrust lawsuits from the government (phillips mushroom farm kennet square pennsylvania).
Lastly, my shrooms go for 4.50/lb for oysters, 6.15/lb for shiitake, and 18$/lb for lions mane.
If you want to see balance sheets/etc, lmk, I will blur out all the info that will ID me so you can see how literally retarded the USDA is, and how you can make more money than you ever thought of doing little to no "work".
Also with the waste stream I produce 112gallons/ton of lignocellulosic ethanol that is turned into hand sanitizer, and something called chitin/chitosan that every biotech company pays top fucking dollar for since its fungal based(as opposed to crustacean)
The back of the stores has a large lot that I own but the restaurant next door has some access for dumpsters and what not. Unfortunately, it has very uneven pavement and is in a bad state due to some construction. I remember ten years ago a lawsuit with the city to repair the damage they caused.
As for alcohol possibilities, I think this may be a suitable option. I don't recall anything like that in the area. I'm not sure how well wine sales would do at this time, it's pretty blue collar. I'll have to look up the median income for the area.
I'm moving from Colorado and have spent the last 9 years growing. 5 of which are as lead. I plan on using this space for a dispensary and grow site if the laws passed will allow it. Just a waiting game and hoping the space fits whatever requirements they set. I like the weed and coffee idea but that will have to wait at least 5 years.
Funny you mention this. I have put a bit of thought into it as well and recently began learning about and growing a few varieties. I ca. Use the space in the back for projects like growing mushrooms but I still don't know how to utilize the store fronts.
I will have to look I to the farmers grant for more information.
I would love to see any info you have on balance sheets regarding this subject. As I said before, I just began due to my own interests and the immediate success made me think about possibly scaling up.
I should note, this is in texas on the coast so weed in illegal. They did just allow hemp and hemp flower recently though. Somehow the city has remained mostly white. It is
also generally pretty poor but that has been changing the last 5 years. Most of the income in the area comes from oil, factory and fishing. I think beer alcohol would do fine here as well as weed. The area could potentially support a stand alone coffee shop but I would think it would do fair at best u til the area is revived.
Seeing as you are in texas, I would be very interested to know more about your business model. Do you sell online only or do you sell to local shops and restaurants as well? Do you sell kits or spores or just fresh and dried mishrooms? Where have you found the most success? What are the some of the biggest challenges you have run into? As it stands, I have successfully grown oysters and lions mane only but I have shitake coming along slowly. Everything has been for personal consumption but I find the skillset and equipment for growing mushrooms is very close to that of my previous business so should translate well. I'm excited to hear from a mushroom grower in texas since I was already kicking around this idea.
Picrel is a 5 gallon bucket of blue oysters that has been yielding very well. I eat mushrooms with just about every dinner now and have enough to give to nieghbors.
>>395>My first contract was through one of the 2 main mushroom farms in Texas. They wanted 800lbs/week oyster 600lbs/week shiitake.
Why do mushroom farms buy mushrooms?
Isn't the whole point to produce and sell them?
Do they have so much overhead that it's cheaper sometimes just buying some of them wholesale from smaller farms and reselling to their distributors?
This sounds like a cool idea. I'm sure I'd be able to pull it off if I had the funds. It's not rocket science, though I'm sure there's a lot of easy ways to fuck it up and ruin everything.
Where do I go to get funding? My state doesn't have any Young Farmer grants available, just unsubsidized (((loans))).
Do you have to have an agriculturally zoned property to grow these? Or can I just grow them in any commercially zone property? Do you need to have your facilities inspected? How much is business insurance?
Thanks for sharing fren, nice to hear about one of us making it happen
what can't you do with them. people are tired of being at home, online shopping just to return things because the pictures were crappy…
do research of similar towns in similar geographic locations and see what your location is missing, replicate success, simple as fren
similar size/demographic/comparible towns
anons asking about nearby businesses that are up are spot on. lets say you wanna open a pizza shop. do you go close to competitors and lose business to them? the answer is actually yes. because while some people prefer pizza hut, and some people prefer donatos, if both are in the same location it makes sense to just go there and figure it out on the way. now imagine theres some tiktok trend or something and pizza becomes a hot commodity. but instead of just 2 pizza shops in a place, there are 5. people will know this as the "pizza spot" and you wont have to advertise. people will also come from further away than usual because the chances are higher that they will walk away with what they need.
5 is a little high for pizza shops, as they offer mostly the same product, but this is why outlets and shopping plazas succeed and why clothing stores (which are entirely about variety) are right next to each other. if there is an existing dog groomer in business, its also proof that that a dog groomer business can exist there.
dogs and nail salons=middle aged women? a clothing store might be good. flowers or pottery or home decor also seem popular. homegoods or marshalls type stuff. think of a karen going "oh my god isnt this cuuute?" women account for 80% of consumer spending. maybe a photography/family portrait place? i think a "container store" would be very cool. wonder if a vetinary would do well if leasing, with all the backroom?
id offer to help but i am permanently susceptible to shin splints after too many warehouse jobs.
middle aged women…upgrade from coffee to alcohol so that anon is onto something. coffee would have to be a morning thing. but a pet store might be a devilish idea. like how tractor supply and rural king have baby chicks? i love going to see the baby chicks and im a 24 year old guy. maybe im just soi but an "alternative" pet store like reptiles fish chickens sounds cool and you would defnitely get foot traffic from families.
ive always wanted to do aquaponics and maybe have a restaurant where people literally get their food live. its a bit ambitious but maybe hydroponics and a salad place is a good start.
based and incredibly pragmatic
Also, Op, just make an "escape room" or several of them with interesting, unique challenges and different themes for each escape room.
The mushrooms seem like a great idea. Especially if you can ship the products to people with demand.
Have you had a count of how many people walk by your establishment? Like their demographics of sex, age, etc?
You could target a demographic of middle aged women with gardening supplies if they already dont get that with amazon. Other than that I think an actual production environment would be the best choice. Making a physical product like wooden pots or art.
I am really fascinated with the mushroom business. I dont know if I could get into it myself but I would love to know the details.
late reply, but you may consider a coffee shop that infuses cbd, kava, cratom, etc. All the ones in FL i've been to seem to do rather well. Could them be expanded to dispensary-like pending law changes.