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Old 03-28-2011, 12:40 AM   #3
Trent0341
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Default Re: I want to open my own B&M but im not sure where to start. Any advi

Quote:
Originally Posted by emopunker2004 View Post
introduce self here http://www.cigarasylum.com/vb/forumdisplay.php?f=7

one thing you may want to do is find a few areas you'd want the shop to be in and find out what the rent runs. licensing costs. furniture, humidor being built, air filtration costs, cigar costs.

oh and..
http://money.cnn.com/2001/10/22/smbusiness/q_cigar/
Interesting read... Especially this part...
The very bare minimum, he estimated, that anyone would need to open a small shop would be $500,000. Gitts said anyone wanting to open a smoke shop should have at least $2 million to spend. Just the equipment to keep the humidors running can cost up to $20,000, said Gitts.

I wish you luck but hope you have a lot of capital to invest as that article was written almost a decade ago. Not a venture to enter in lightly these days. I hope you find success.
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