Author Topic: How much for a shop? (Read 2042 times)

apocalyptic_rabbit · « **on:** May 24, 2008, 08:57:57 PM »

I have been offered / asked if I would be interested in taking over thoe local proshop.

Currently it is run by 1 guy, who is technically a center employee, he only does the ball work, drilling, plugging, resurface, etc. sales are handled by the center.

Now, when I was given the offer I was told could would be taking over the sales, as truly there isn't much in terms of demand where I am.

Still, this would be done as a side project for me. I would be keeping my day job and spending my evenings / weekends in the shop. any concerns for time are slim considering this is what the current guy does.

No to my question:

With taking this over, how much should I be expecting to pay for a the tools in the shop

it includes a 15 year old drill press, scale, spinner, drill bits. it's pretty much fully stocked, but outdated to say the least..

what would you pay?
--------------------
In The Bag: http://www.putfile.com/rabbit69ca
Storm:
Paradigm, Tropical, Special Agent, T-Road Pearl
Lane 1:
Cobalt Bomb
Ebonite
V2 Strong
Brunswick:
Target Zone
This is our Paradigm

nextbowler · « **Reply #16 on:** May 26, 2008, 10:23:43 PM »

Lease--Do not purchase. Secondly, why would a 19 year old want to get
this involved in anything? Traditionally, there is very little money
to be made in the bowling industry--with a few exceptions. A large
percentage of posts on this site are about money, in one way or another.

Edited on 5/26/2008 10:25 PM

Edited on 5/26/2008 10:28 PM

apocalyptic_rabbit · « **Reply #17 on:** May 27, 2008, 12:16:58 AM »

Cause I am not actually doing it for money. I am doing it for pure love of the sport. Cause if I don't then there is no one else willing to. And truly to better myself.

I got a steady job right now. great money, but it isn't something very fulfilling. Bowling is just about the only thing I love doing, and am willing to go out of my way to do..

why not put in a little more time into it and see what I can make out of it?
--------------------
In The Bag: http://www.putfile.com/rabbit69ca
Storm:
Paradigm, Tropical, Special Agent, T-Road Pearl
Lane 1:
Cobalt Bomb
Ebonite
V2 Strong
Brunswick:
Target Zone
This is our Paradigm

Atochabsh · « **Reply #18 on:** May 27, 2008, 12:39:27 AM »

quote:
Thats the catch, there really are no prior debts.

You don't know that until you have a lawyer do a search. You don't know if the prior owner had their home and cars tied into payments made to this business. If they are in debt to their local distributor or not. If you buy that existing business, you also buy that debt. You also don't know if there are tax leins on the business or inventory existing in that location.

And NEVER operate a shop due to LOVE OF THE SPORT. You have to survive off this business (you have to make a living) and if you do not run it as such you will fail....its just a matter of time. You can love bowling as much as you want. But that will not pay your rent for the shop or your home mortgage (you probably don't have one of those yet) or apartment rent.

You have to take these responses in the good will they are given. But at `19 years old have you EVER been self sufficient? I ask this because at your age, most people your age are not exactly ready to fly on their own. And buying a business is a complicated process. It is NOTHING like working in a pro shop. Which you have not mentioned you have ever done.

I'm not kidding, you could inherit thousands of dollars of dept if you buy an existing business. Debt that you at 19, have not ever experienced before. And you never want to start a business at a negative operating cost.

A bad step here, at 19, could hurt your credit and financials for the next 20+ years.

Erin

stormerjip · « **Reply #19 on:** May 27, 2008, 02:02:18 AM »

best advice i ever got was if you truly love the sport and want to enjoy it than dont go into proshop business cause u will get sick and tired of looking at balls and bowling
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show no mercy, kill the wounded, eat the dead

Smash49 · « **Reply #20 on:** May 27, 2008, 09:38:53 AM »

Seems the more and more I get involved in other areas of the sport of bowling the less and less I actually get to bowl. I really like the other parts of the sport more. Things like being able to attend lectures with Carmen Salvino and Dick Weber in the class. Sitting down and talking with Bill Taylor about my book is so old it has turned chocolate brown.

The point is running a part time pro shop and working a full time job leaves little time for actually bowling. The good news is that there are many interesting things to do in the sport of bowling. I get to bowl 3 games a week! sometimes less sometimes more. Most of the time it is just 3 games. The knowledge that you can gain is truely amazing if you do things right.

Running a pro shop just because you like to bowl is normally going to fail. You need to love the sport of bowling AND understand and love the business of bowling. The toughest part will be getting the business knowledge. IBPSIA is working on this but it still needs some refining. There is a course called the Business of Pro Shop the Business. Also the HOTS Technical is a good place to look at. Even if you know how to do all the work a check on skills is good. Understanding margins, inventory controls, management relations etc etc. are also a must.

Smash49

P.S. We use Ebonite's Pro Shop Coordinator to tell us profit margins, cost, inventory levels, sales frequencies, and other information. Worth it's weight in gold.
--------------------
Smash49

Slick, tacky, wood or synthetic it does not matter your slide is correct with Bowlers Slide Sock. The Finest Slide Sock on the Planet!!!
www.bowlersslidesock.com
www.chisholmtraillanes.com

Author Topic: How much for a shop? (Read 2042 times)

apocalyptic_rabbit

How much for a shop?

nextbowler

Re: How much for a shop?

apocalyptic_rabbit

Re: How much for a shop?

Atochabsh

Re: How much for a shop?

stormerjip

Re: How much for a shop?

Smash49

Re: How much for a shop?