Victoria LFS for sale

[Aquattro]

All items for sale must include a price

[ponokareefer]

Originally Posted by Aquattro

All items for sale must include a price

Agreed

[apexifd]

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

mod.. please move to correct section

[KevinK]

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

[Aquattro]

Originally Posted by KevinK

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.

[KevinK]

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

[Skimmerking]

Originally Posted by KevinK

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

Buds with all due respect coming on here with out the proper info can open up for a huge debate and comments that we would not like to see on this board I understand that you may hear a few things but maybe In the future sometimes asking a question can save face and a lot of headache then the mods are going to have to work overtime.
With that being said, I know that we don't have a spell check board, but please in the future. Copy and paste into word document and then touch up the spelling mistakes. makes for a hard read and a miscommunication conversation. just saying hope I didn't offend ya just giving ya some heads up.

A little hint for ya if you right click on your mouse over a word that is highlighted. it will give you a option to do spell check.

[Reef_Geek]

I would love to see the math behind this exercise.

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

Originally Posted by Aquattro

All items for sale must include a price

[Reef Pilot]

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.

[Reef_Geek]

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...