Hello! My name is Elena. I am new here!
I am a stay-at-home mom and have degrees in music and bilingual education. (I`ve worked in both fields.) Recently my DH and I were discussing our dream jobs, and I said I`d like to own/run a children`s bookstore. Surprisingly, he was all for it.
Here is the concept-- a children`s bookstore that would sell toys (local craftspeople and higher quality/unusual toys). There would also be a free but small play area, as well as a cafe. I could possibly have an online component that would push the toys/unique items. I know people will use Amazon for books!
In my area (a suburban location 20 miles from a major city) there is no chain bookstore or independent bookshop (other than a Christian one) in the actual suburb. The closest major chain is 4 miles away, so not that far. 23% of the pop. is under the age of 18, and the suburb is growing as people get priced out of the city.
People I`ve talked to (parents and teachers) have thought a bookstore would be great here. However, everything I`ve read says that bookstores are a dying breed, and pretty much impossible to keep afloat.
Funding possibilities are a local grant (suburb is trying to revitalize the downtown area) and maybe other grants since I am a female and DH is part of a minority group. We`d need loans, too. I may have a few friends willing to invest, but I would worry about this!
I would not be in this to make a fortune (everyone`s idea is different on the actual figure!) but I could obviously not do this to LOSE money in the long term. I know initially I`d be lucky just to break even.
I don`t have a business plan yet, but I don`t even want to embark on that if there is a close-to-unanimous vote that a business of this nature would fail.
So, what do you think? Is this something that could work if done well, or is there really no chance for success?