RunRyder RC
WATCH
 2 pages [ <<    <    ( 1 )     2     NEXT    >> ] 1527 views POST REPLY
Home✈️Aircraft🚁HelicopterHelicopter Main Discussion › Opening a hobby shop
06-01-2015 10:53 PM  4 years ago
Topic Vote0Post 1
YankieSole

rrApprentice

Lynchburg, virginia

MyPosts All Forum Topic
Opening a hobby shop
Just a thought I had. In my local area there are no hobby shops. None. The closest one is roughly 2 hours in either direction. I thought about getting a business loan and opening a hobby shop but have no insight or experience running a store. I think I could do it. What do you guys think about this. This is purely just a beginning thought but I think there is opportunity
Robert
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-01-2015 10:57 PM  4 years ago
kc8qpu

rrElite Veteran

sc

MyPosts All Forum Topic
Good luck. Hope it works. Remember a hobby should never turn into work. (Or so I have been told)Carpe Diem!!!
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-01-2015 11:22 PM  4 years ago
wrongler

rrProfessor

Brewerton, New York

MyPosts All Forum Topic
Tough business.......Bill Whittaker
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-01-2015 11:28 PM  4 years ago
jadams

rrKey Veteran

East coast USA

MyPosts All Forum Topic
Unfortunately with the speed of online shops many,myself included, don't go to the local shop any more. In my area it never really supported helis and the club's didn't either. So if I can sit home and get my stuff delivered to the door in 2 days, it's a no brainer.
If you have several club's in the area with strong support for the hobby, planes,cars,helis, then you might do ok. Problem is having what people want when they walk in the door. If you tell them you have to other it then they will do that from home.
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-01-2015 11:34 PM  4 years ago
YankieSole

rrApprentice

Lynchburg, virginia

MyPosts All Forum Topic
Yeah I thought about that to. It's so easy to just hop online and buy everything easyRobert
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-01-2015 11:38 PM  4 years ago
Wave

rrKey Veteran

Illinois

MyPosts All Forum Topic
The established hobby shops around here are long gone. One of them was in business for 60 years.

Better off selling pink elephants.
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-01-2015 11:44 PM  4 years ago
YankieSole

rrApprentice

Lynchburg, virginia

MyPosts All Forum Topic
Thanks guys. I appreciate your input. There was a shop here a long time ago. I barely remember it. But I'm sure that's why it closed. Hard to compete with the internet these daysRobert
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-01-2015 11:49 PM  4 years ago
gmcullan

rrKey Veteran

Southbridge, MA

MyPosts All Forum Topic
I previously owned and operated a hobby shop that catered to high end R/C racers. This was pre-internet. While the shop turned a profit, I had three break-ins during the 10 years I owned it. I got so fed up that I closed the business.

I currently work 20 hours a week at a local hobby shop, primarily doing repairs and helping with sales. I've become their "heli specialist". The shop does well and has a footprint of about 4,000 square feet. The shop stocks everything R/C. If it flies, floats, or rolls, we have it. We also have extensive railroading supplies and one of the largest selections of plastic kits around. Add in the arts and craft supplies as well as the kiddie toys, and pretty much all bases are covered.

We have something for everyone, and that is what keeps this shop humming 7 days a week. There is no way it would survive if it just covered one hobby.

To the original poster, you can make it work. But you need a wide range of products. Most of the time when one area of interest slows down, another will pick up. You have to have the right balance of products that fills the needs and interests of your projected geographic area and potential customer base.

Best of luck!
Gerry Cullan,
Gaui 200, 255; T-Rex 250, 450 SE & SA, Mini-Titan, Blade 450
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-02-2015 12:03 AM  4 years ago
Heli_Splatter

rrElite Veteran

USA

MyPosts All Forum Topic
Just in the 9 years that I have been in the hobby, I have seen 3 large hobby stores close. Now the closest one is 40 miles away and you have to really want it now to trek over there.

It is a tough business, requiring a lot of stock (capital) and employees. It is hard to keep up with the latest and greatest wants and whims of the customers.

You need to look at the number of customers available to shop and decide just what markets you are willing to support. I don't think that you will ever make it on helis alone. Too many brands not enough repairs because the guys purchasing high end are doing their own repairs.

What ever you decide, good luck to you.
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-02-2015 12:07 AM  4 years ago
carcrasher

rrElite Veteran

east coast

MyPosts All Forum Topic
A brick and mortar store is great to buy fuel or last minute items. If you have a rc car track nearby or a flying field you might do good. I went to a LHS not to long ago to get some items that I needed. I figured give a LHS some business for stuff that I didn't want to wait to be shipped and they should have anyway, WRONG! Everything I asked for he said, "don't have that but I can order it". I thought to myself, I can order this stuff myself online. Why do I need you to do that for me? Very annoying. Anyway, look at what's in your area. How many shops are there? How far away? What do they carry? Any desirable locations? What security will you need to have for that area?
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-02-2015 12:21 AM  4 years ago
jackp332

rrKey Veteran

Claremont, Nh USA

MyPosts All Forum Topic
Carcrasher, I agree with you 100%. I hate the 'we can order it for you' line. Gerry, you are correct about diversifying. We have a 'Toy' store in our are that continues to thrive because they sell everything from infant supplies/toys to railroad to comics/Magic to RC everything. It is very common on a Saturday to see mom's with little children shopping in certain sections while the dads are checking out the latest RC stuff. While they may not be the biggest or best rc shop, I am thankful for them being there when I do need something and I try to patronize them whenever I can.
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-02-2015 12:39 AM  4 years ago
Cobra 46

rrKey Veteran

Cambridge il usa

MyPosts All Forum Topic
If you have cash laying around that you can take a chance with that would be the way to do it , I wouldn't borrow money!
The hobby changes so fast that if you stock parts for a said item they will become outdated and you will still have money on the shelf. And everyone will say " I can get it online for X amount and want you to match it. then you add tax and they don't like that . Then they use a credit card and that costs you 2.5 to 5 % depending on your amount of monthly sales.
I could go on but. Won't . I read all the posts here and they mostly seem in agreement that it's tuff, and very risky . And although it's all the truth, it is very sad that it has come to this . Our LHS was a place to gather and learn , and shoot the breeze . I miss them ! Now we have online stores and RUN RYDER . ( I'm glad to have RR )
Good luck
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-02-2015 01:03 AM  4 years ago
mlevings

rrApprentice

Claremore, OK

MyPosts All Forum Topic
I've always heard that to make a small fortune in the hobby shop business, all you have to do is start with a large fortune.
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-02-2015 01:27 AM  4 years ago
EEngineer

rrProfessor

TX

MyPosts All Forum Topic
to make a small fortune in the hobby shop business, all you have to do is start with a large fortune.
LOL...true.
SHARE  PM  EMAIL  Attn:RR  Quote
06-02-2015 01:28 AM  4 years ago
Heli_Splatter

rrElite Veteran

USA

MyPosts All Forum Topic
Most of the stores that seem to be moving ahead, stock the beginner items to get you started. Once you get to the flying field... you learn that you need to get on-line to get the "cool" stuff.

I really don't know how retailers make it with Walmart, Target and big box stores to compete with.
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-02-2015 01:32 AM  4 years ago
carcrasher

rrElite Veteran

east coast

MyPosts All Forum Topic
None of those stores carry quality rc cars, planes, or helis. They don't carry parts, specialized tools or anything to support the hobby.
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-02-2015 01:37 AM  4 years ago
YankieSole

rrApprentice

Lynchburg, virginia

MyPosts All Forum Topic
Yeah I think I will pass on that idea. Thanks again. You definitely gave me the insight I needed.Robert
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-02-2015 02:24 AM  4 years ago
gmcullan

rrKey Veteran

Southbridge, MA

MyPosts All Forum Topic
Walmart, geez! There is a Walmart maybe 2 miles from the shop where I work. People go in there and buy a R/C item, then go back to Walmart for parts or accessories. Of course they don't have the parts and they send them to us. Then the people get all pissed off that we don't stock or have access to the parts and accessories that they need.

They just don't care that there is a difference between a toy grade and hobby grade R/ items, and they have no interest in learning either.
Gerry Cullan,
Gaui 200, 255; T-Rex 250, 450 SE & SA, Mini-Titan, Blade 450
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-02-2015 03:13 AM  4 years ago
Aaron29

rrProfessor

USA

MyPosts All Forum Topic
Good luck. You'll have stiff online competition. My LHS complains that people will literally walk in, get all kinds of buying advice about a product, but leave without any purchase. Then, by and large he'll see them at the field with the product he'd shown them. They'd gone to Tower to save $20 on a kit or something.

Good luck. I think ours operates at a loss for tax deduction purposes.
SHARE  PM  EMAIL  GALLERY  Attn:RR  Quote
06-02-2015 04:24 AM  4 years ago
EEngineer

rrProfessor

TX

MyPosts All Forum Topic
operates at a loss for tax deduction purposes
That won't last long, as you can only deduct a % of the price you paid for the merchandise you didn't sell.

The IRS will be "scrutinizing" such tax returns.
SHARE  PM  EMAIL  Attn:RR  Quote
WATCH
 2 pages [ <<    <    ( 1 )     2     NEXT    >> ] 1527 views POST REPLY
Home✈️Aircraft🚁HelicopterHelicopter Main Discussion › Opening a hobby shop
 Print TOPIC  Make Suggestion 

 4  Topic Subscribe

Monday, February 24 - 2:17 am - Copyright © 2000-2020 RunRyder   EMAILEnable Cookies

Login Here
 New Subscriptions 
 Buddies Online