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You only need $7,500 to open a Men's Wear Store in NYC?

Discussion in 'Classic Menswear' started by WestIndianArchie, Aug 16, 2011.

  1. YoungAmerican

    YoungAmerican Well-Known Member

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    I think the concern is that this is not microloans or microfinancing in the traditional sense. There's no equity or expectation of repayment.
     
  2. Gdot

    Gdot Well-Known Member

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    Oh! Guess that's so inconceivable to me that I didn't realize that part.

    So it's just send us money because we're cool and we deserve it?!??? :nodding:

    The crazy thing is they only need 1500 $5 donations to reach their goal. I guess it's conceivable this could happen - there are a lot of people out there with $5 to waste.

    Though they won't be seeing any green from me. :fistbump:
     
  3. davesmith

    davesmith Well-Known Member

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    i imagine rent in NYC would cost at least $2,000 a month if they are planning on setting up in a "cool" area... less than that and they will be miles away from their customer base.

    not that it's any comparison but i set up my website for FREE!! to get a bricks and mortar store and then to buy the stock i imagine would be closer to $13/15 K
     
  4. CharlesAlexander

    CharlesAlexander Well-Known Member

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    I've looked up a few places downtown that were over $7,000/month for 80 sqf on a non prime block.
     
  5. Cary Grant

    Cary Grant Well-Known Member

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    ^^ to open up 200 sq at a few places here in the Twin Cities was $2000-$4000 the last time I was pricing.
     
  6. davesmith

    davesmith Well-Known Member

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    Quote:
    that makes me wanna cry... how is it possible to pay that rent every month?
     
  7. burningbright

    burningbright Well-Known Member

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    Seems to make more sense developing their e-commerce first; get a customer base there, and then move to brick and mortar when they've got more capital to work with. Storage space for inventory is much more affordable than an actual store front and all the money that goes into one.
     
    1 person likes this.
  8. GHo

    GHo Well-Known Member

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    LOL. I was going to post that too. :satisfied:
     
  9. stevent

    stevent Well-Known Member

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    Check out kickstarter
     
  10. CharlesAlexander

    CharlesAlexander Well-Known Member

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    It's not, that is why a bunch of them go out of business.
     

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