I want to open my own B&M but im not sure where to start. Any advice? - Page 2

mosesbotbol · 03-28-2011, 11:13 AM

I think you'd be better off the have a store the sells something and cigars rather than the other way around. Lot's of items can coexist with cigars from clothing, wine, bars, sundries, guns... You name it, but to rely exclusive on cigars & cigar accesories could be restrictive.

I would also consider a franchise cigar "brand" opportunity as well like Davidoff, Dupont, Dunhill for instance. All of which are going to require some deep pockets, but I am making no assumption on your means at all.

stj386 · 03-29-2011, 01:29 AM

Thanks for all the feedback. Ive got a lot to think about. I think I'm going to brush up on my small business knowledge and look for a bit more capital.

mosesbotbol · 03-29-2011, 11:29 AM

How many B&M's are currently in Hawaii? How would you distinguish yourself from them?

Stinky · 03-29-2011, 10:49 PM

ninjavanish offered very sound advice! A cigar store/lounge is a business and must be run as such to be successful.

I'd also suggest you contact the IPCPR for advice too. They have a wealth of information on the business of operating a cigar store & lounge. Their successful members are happy to help and known to serve as mentors for you.

Location, Location, Location! A good location can aid in foot-traffic. Remember; the lowest rent is not always the best criteria to choose a location. A cigar store/lounge is a retail business which thrives on customers ability to see it . . . and/or find the store.

03-28-2011, 11:13 AM	#1
mosesbotbol That's a Corgi Join Date: Oct 2008 First Name: Moses Location: Boston Posts: 6,171 Trading: (6)	Re: I want to open my own B&M but im not sure where to start. Any advi I think you'd be better off the have a store the sells something and cigars rather than the other way around. Lot's of items can coexist with cigars from clothing, wine, bars, sundries, guns... You name it, but to rely exclusive on cigars & cigar accesories could be restrictive. I would also consider a franchise cigar "brand" opportunity as well like Davidoff, Dupont, Dunhill for instance. All of which are going to require some deep pockets, but I am making no assumption on your means at all. __________________ Port Wine & Claret \| British Cars \| Welsh Corgi's

03-29-2011, 01:29 AM	#2
stj386 Livin the life Join Date: Nov 2009 First Name: Sam Location: Hawaii Posts: 15 Trading: (0)	Re: I want to open my own B&M but im not sure where to start. Any advi Thanks for all the feedback. Ive got a lot to think about. I think I'm going to brush up on my small business knowledge and look for a bit more capital.

03-29-2011, 11:29 AM	#3
mosesbotbol That's a Corgi Join Date: Oct 2008 First Name: Moses Location: Boston Posts: 6,171 Trading: (6)	Re: I want to open my own B&M but im not sure where to start. Any advi How many B&M's are currently in Hawaii? How would you distinguish yourself from them? __________________ Port Wine & Claret \| British Cars \| Welsh Corgi's

03-29-2011, 10:49 PM	#4
Stinky Join CigarRights.org NOW! Join Date: Oct 2008 First Name: Stinky Location: Las Vegas, Nevada Posts: 229 Trading: (1)	Re: I want to open my own B&M but im not sure where to start. Any advi ninjavanish offered very sound advice! A cigar store/lounge is a business and must be run as such to be successful. I'd also suggest you contact the IPCPR for advice too. They have a wealth of information on the business of operating a cigar store & lounge. Their successful members are happy to help and known to serve as mentors for you. Location, Location, Location! A good location can aid in foot-traffic. Remember; the lowest rent is not always the best criteria to choose a location. A cigar store/lounge is a retail business which thrives on customers ability to see it . . . and/or find the store. __________________ Promoting the Enjoyment of Fine Cigars!

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