ORIGINAL: bigcountry
ORIGINAL: Rick James
ORIGINAL: BowTech_Shooter
A lot of money and thick skin are pretty essential...
Don't forget to get very good liability insurance and a tax I.D. Number from Uncle Sam..
No doubt. I was going to sayroughly $200,000, no need for an income for at least 12 months, a great location, and 2 major bow lines.
200K? Really. I was going to go in business with a friend and backed out and we put together all the equipment, and 20-40 top of the line bows and came up with 100K max.
With 4 complete apple benches, your talking 5K max. 15K accessory inventory, and 40 top end bows at 30K max. 5-10K max arrow inventory.
What about the building your are going to put the business in (location does matter), modifications that will need to be made to it including display cabinets etc, and utility/insurance/salary/lease/mortgage bills you have to pay until it gets off the ground?
What about some advertising, a webpage, or an indoor/3D/techno hunt system to get people through the doors during the slow season?
I speak from a bit of experience. I had direct access to the books at the shop I used to help at and we started (over again, purchased a previous business that had closed for 4 months at that point) and it was roughly $200k to startup when it was all said and done. We cut a lot of corners too.