Victoria LFS for sale
 

Blue World Aquariums in Victoria is for sale. This is a great opportunity for a hobbyist who wants to take it to the next level. Please send me a PM if you are interested.

All items for sale must include a price :)

Agreed :razz:

:BIG:

so… which category should this be under?? livestock or equipment?

mod.. please move to correct section

Walking out
 

Less than 5 years ago, blue world started as a bould idear of hobyists,

In the 5 years thy wiped out 2 of the 3 Local fish stoors on the island that have reef stuf.

Some hobyists prefer not to shop there, as less is offered on the island as they wiping out 2 competitors resulting in prices going up.

Now after wiping out 2 ( progressive reef and safari pets) leaving not much choise for hobbyists, thy are exploring to walk out.

Offering the store to other hobyists to pick up the mayhem.

I might be critesised to put it this way, but having the right to express myselve, i find this kind of practise verry, verry concerning.

Wiping out easteablisht stores, and then walking out

And, you have no idea what you're talking about -lol

Progressive was an over ambitious attempt to take a market that doesn't exist here. It was left to the care of a manager that didn't know much about business and had an absentee owner.

Safari had their lease come up at a huge increase, so owner decided that after 20 years, he wasn't into signing up for another 5 and retired.

Spencer's ambitions lie elsewhere, so he is aligning his priorities in that direction.

Nobody wiped out anyone. There is no secret agenda or underhanded practice going on. Just an adjustment in the current local market.

I merly put out that sinds thy started 2 caved, nothing more, nothing less

If the maret was there, a increas in leas should normaly not be such a bit of a proublem, or relocate, but if a market has been created that is harsh, and hard to com by, than a increase in lease becomes a proublem, i understand

That spencers abbitions are ells where, that could very well be, but than why start someting.

On the end, first we had 3 stores, and now gust one, and many go to vancouver, becouse a tiny damsel cost already $ 12 or a 3 inch naso $125

Be it nececerry or not to have these prices, it makes the hobby hard to come by with a local shop, and thus hard to survive when many locals go elswere to get there stuff

And befor you say, i.m not alone in this

Lets leave it what it is, i expressed my opinion, and so did you

I would love to see the math behind this exercise.

Methods of small business valuation:
http://sbinfocanada.about.com/od/sel...zvaluation.htm

Small LFS is a tough, tough business..., no volume, hard to maintain a decent margin, can be expensive overhead, and lots of work (cleaning tanks, etc). Anyone that can stay in business for any length of time has my utmost respect.

Agreed. I grew up in a family aquarium business. Each sale's contribution margins are good, variable costs are manageable, but the problem is the labor + overhead. I think folks can be surprised that the mark up on livestock can be 5x to 3x the cost, but it's the overhead of utilities, labor effort, lease & property etc that is not apparent. If there's not enough volume of sales/transactions, the overhead is not spread out enough on a per sale basis to keep each sale in the black.

In a city of about 80K people, it would be a very small niche market that would be marine focused. I'd think for any aquarium store to be sustainably profitable in such a small city, they'd have to be an overall good aquarium shop with lots of freshwater & specialty items to realize the life time value of each customer as they go from a starter 10 gallon freshwater tank... to their 3rd & 4th tank... to conversion to SW etc...