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Total value of a shop's inventory?
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<p>[QUOTE="LostDutchman, post: 763831, member: 16994"]In this buisness selling is the easy part. I can make a phone call and sell my entire shop inventory in a day. </p><p><br /></p><p>Buying is where you make your money. And you have to have the capital available to purchased the "big stuff" when it comes in as you make more money on that stuff. Don't get me wrong walk in sales are important but I would bet that our sales to the general public are far less then %20 of our total sales. Traveling show dealers make up the vast majority of our sales. Whether they come into the shop or I travel to major shows to see them. They have big pocketbooks and are not afraid to spend money moving the stuff is important. An example of the big stuff. Yesterday I had a mostly BU roll of St. Gaudens $20's walk in... You have to have $30-50k on hand at most times... or you'll miss out. </p><p><br /></p><p>Our shop expenses are dramatic. </p><p><br /></p><p>Advertising, Rent, Utilities, Employee pay, insurance, Subscriptions to publications... these are all necessary and reoccurring bills. I would guess that those expenses cost us alone more then $60k a year with advertising alone at more then $15,000 a year. Not to mention things like show fees if you do them... travel if you do it...[/QUOTE]</p><p><br /></p>
[QUOTE="LostDutchman, post: 763831, member: 16994"]In this buisness selling is the easy part. I can make a phone call and sell my entire shop inventory in a day. Buying is where you make your money. And you have to have the capital available to purchased the "big stuff" when it comes in as you make more money on that stuff. Don't get me wrong walk in sales are important but I would bet that our sales to the general public are far less then %20 of our total sales. Traveling show dealers make up the vast majority of our sales. Whether they come into the shop or I travel to major shows to see them. They have big pocketbooks and are not afraid to spend money moving the stuff is important. An example of the big stuff. Yesterday I had a mostly BU roll of St. Gaudens $20's walk in... You have to have $30-50k on hand at most times... or you'll miss out. Our shop expenses are dramatic. Advertising, Rent, Utilities, Employee pay, insurance, Subscriptions to publications... these are all necessary and reoccurring bills. I would guess that those expenses cost us alone more then $60k a year with advertising alone at more then $15,000 a year. Not to mention things like show fees if you do them... travel if you do it...[/QUOTE]
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