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Opening a musical instrument shop

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  • 18-09-2014 9:40pm
    #1
    mahonsurfer
    Registered Users Posts: 5 ✭


    Hi. Thinking of opening a music shop selling instruments, mostly guitars. Do music shops do well these days? I dont have any research done but just wondering in general if any one knows? It would be in a large town with one there already but its pretty small


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    #2
    Saipanne
    Closed Accounts Posts: 4,882 ✭✭✭Saipanne


    mahonsurfer wrote: »
    Hi. Thinking of opening a music shop selling instruments, mostly guitars. Do music shops do well these days? I dont have any research done but just wondering in general if any one knows? It would be in a large town with one there already but its pretty small

    Do you think you could compete with Thomann?


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    #3
    mahonsurfer
    Registered Users Posts: 5 ✭mahonsurfer


    Just wondering with the online market these days would it be worth it?


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    #4
    mahonsurfer
    Registered Users Posts: 5 ✭mahonsurfer


    No idea.Do you recon it would be a big risk?


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    #5
    youtube!
    Registered Users Posts: 1,265 ✭✭✭youtube!


    There were two in Navan for a while...and then there was one.


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    #6
    endacl
    Registered Users Posts: 22,309 ✭✭✭✭endacl


    If you want to go into retail, think about what would sell. Not what you're interested in selling. Since the boom days, X-music have given up half their floor space. I personally know one well established shop owner in DCC who had to let his staff go and is working a seven day week solo to keep the shop going.

    The markup on cheap instruments is SFA. The Irish market is too small to make it worth a shop's while keeping an interesting range of high end stock. Your average punter looking for a beginner guitar for their kid will go to Walton's, because that's "the music shop".

    I'd be a potential customer, but I wouldn't buy from you. It's nothing personal. I just know that if I wanted a new pro standard guitar, for example, I'd find a better selection in NY. I'd find it there at half the price you could afford to sell it to me for, And I'd have a weekend in NY as a bonus!

    Retail, maybe. Why not... Instruments, no. The numbers just don't add up any more.


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    #7
    mahonsurfer
    Registered Users Posts: 5 ✭mahonsurfer


    I want to start up my own business..Just dont have a clue what in! Have a surf school but its just for the summers, so have a feel for running a buisnessany ideas?


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    #8
    endacl
    Registered Users Posts: 22,309 ✭✭✭✭endacl


    mahonsurfer wrote: »
    I want to start up my own business..Just dont have a clue what in! Have a surf school but its just for the summers, so have a feel for running a buisnessany ideas?
    If I'd any ideas I'd start one meself!


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    #9
    Saipanne
    Closed Accounts Posts: 4,882 ✭✭✭Saipanne


    mahonsurfer wrote: »
    I want to start up my own business..Just dont have a clue what in! Have a surf school but its just for the summers, so have a feel for running a buisnessany ideas?

    DVD rental.


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    #10
    daviecronin
    Registered Users Posts: 447 ✭✭daviecronin


    Music shop.. I'm not sure. There used to be one in my town and its a fairly big town and it went. And in Cork City there is only one proper one I can think of and that does good business. I would look on getting a deal with R.I.A.M (Royal Irish Academy of Music.) and see if you can sell those books as they cost a fortune. I recently bought my grade 8 (highest grade) book for piano and it was 30 something euro! for a few sheets of music. I say there is a nice mark up there. Also maybe second hand scores of pop music as nobody can afford those new books up to fifty euro! Good luck! :)


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