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My new brick&mortar retail store has netted over 100k in opening 80 days My new brick&mortar retail store has netted over 100k in opening 80 days

06-24-2016 , 01:16 AM
Quote:
Originally Posted by HiDhere
Do mattress vendors front you the inventory? In a previous post he said he got a 2nd warehouse and has 100k inventory so this seems contrary to what you are saying. Hell if vendors front me inventory for an extended time I'll go into this business also.
We have credit with all of them, usually up to 90 days. Nobody gave us credit at first, though, we had to flip several rounds first and then were granted more and more credit as trust was built.
My new brick&mortar retail store has netted over 100k in opening 80 days Quote
06-27-2016 , 10:57 AM
What's the industry fail rate?

What's the average ROE/ROA?
My new brick&mortar retail store has netted over 100k in opening 80 days Quote
05-01-2021 , 12:21 AM
BUMP

A lot has happened if anyone's interested:

- We've grown the store to two locations and plan on locations 3 and 4 for the end of this year.

- Our annual revenue / cash flow is now in the multiple millions of dollars

- We have more than 10 full-time employees now

- We're partnered with another start-up of a close friend/associate of ours and we now develop and wholesale our own sleep products and are growing that company, selling products all over the country

- I have a girlfriend and a son, and I finally quit gambling and I haven't placed a bet for 1.5 years now. I quit 3 weeks after my son was born. I sold a portion of my equity in the business in the 6-figure range to get out of debt
My new brick&mortar retail store has netted over 100k in opening 80 days Quote
05-01-2021 , 01:04 AM
I've read only your first post and this last post, very cool
My new brick&mortar retail store has netted over 100k in opening 80 days Quote
05-01-2021 , 11:18 AM
Great thread, congrats OP
My new brick&mortar retail store has netted over 100k in opening 80 days Quote

      
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