As a previous store investor, don't quit your day job, have a good complete business plan and enough capital to run the store for at least 1 year. In the Tucson area, there used to be 4 homebrew supply stores, now there is one! The internet has made the price of ingredients fungable and the only thing a local store can offer beyond the virtual store is brewing expertise and "I need it now" supplies.
Hope I am not too negative, but the statistics on small storefront businesses are not good. Checkout the Small Business Administration web site to see for your self.
Originally Posted by lgraham
My current location is lacking in a good homebrew store. There's one in the area but it's very poorly managed. A friend and I are thinking about opening one up. Does anyone have any advice for me? Any store owners out there who'd be willing to give me some tips?