Morrey
Well-Known Member
I live in a SC market well underserved by local home brew supplies. My nearest LHBS is 65 miles away and the really good ones are 100 miles. My area is semi-affluent and the craft beer scene is up and coming. We are 3 hours from Asheville NC.
I was approached by a local brewery owner about adding a LHBS on the grounds of his spacious operation. Not that he wants to do this himself, rather he was hinting at an investment partner. Without much knowledge of this type of business....how many LHBS owners actually realize the potential for profitability? I realize there are well run as well as poorly managed LHBS businesses, but what is a typical success ratio for liquid hobby stores to make it compared to those who fail? Is this a business investment to avoid?
I was approached by a local brewery owner about adding a LHBS on the grounds of his spacious operation. Not that he wants to do this himself, rather he was hinting at an investment partner. Without much knowledge of this type of business....how many LHBS owners actually realize the potential for profitability? I realize there are well run as well as poorly managed LHBS businesses, but what is a typical success ratio for liquid hobby stores to make it compared to those who fail? Is this a business investment to avoid?