Law-Forums.org

[kendrix]

I want to start a video rental store in my town since there isn't any. So give me ideas on how to start it. Ideas and tips please. Don't worry about those law or license things. I just want to know on how to start it.

[werner72]

95% of all video stores have closed. Their used to be 10 withing 5 miles of my house. Now there are NONE. Now would be a terrible time to start one. You'd need at least $700,000. to get one started.
People are now getting their videos online from Netflix/Hulu/Amazon or from On Demand. In the next few years the few remaining video stores will close. Your idea would have been fine 20 years ago-but you are too late to the ballgame for this one.

[gwen]

I'd start with what pansyblue said, but really good luck with that. Video Stores are going on the away side, there only still have handful left that are open. There are not a lot of Blockbuster stores that are near me, I looked at their website and they figure 27 stores near me. Video stores are more closing or have closed. And in less you buy a building if you rent you have to pay every month until your rent is all paid up. And next you will have to get customers to come in, and even have loyal customers keep coming back, so some how you have to promote it. And next you will have to hire people to work in your video store, do you plan to work there for the time you open til you close in a day. And you have to make sure to have a lot of space. Think in a given week a lot of new movies might get released on blu ray and dvd, and somehow you have to get them to have in your store on the day that they are released, which normally is a Tuesday. Another thing comeption, some how you will have to find a way to compete with Netflx, Blockbuster's on-line website, and Redbox. Since you say that there are no video stores open in your area, you won't have to worry about competing with them, but say if there was, say if there was just a couple of Blockbusters video stores that are open, how would you compete with them? Even with your video store being an indecent or a one of a a kind video business, in less you were to open up even more. Somehow you are going to have to come up with a lot of money or $$$$$ to open up the place, and keep it open. And it is also weird that they are still called video stores, since video tapes have been done away with a long time ago, I mean how many video stores have you even see recently with actual video tapes still being rented? Your answer will be pretty much zero.

[orson19]

You'd have to find a building to borrow, buy or rent, and then shelves for the vids. Then you have to buy the vids. So you'll have to have capitol, money, to do all that. Most ppl have something for colateral, that is, something that is worth money, to borrow money on.
You say to the banker, I own a house, land, or whatever, and I'd like to borrow enough money for start up costs for a video rental store. I'll put up my house or my land for colateral.

I've done some research and I believe that our town would be a good location for one. I need, $______ to rent so and so building, or a shop at the mall or . . . . and I need $__________ to buy shelving, and _______ videos. I've done research and can get them here, for this price.

So the very first step would be to do a lot of research.

[shipley]

To be honest, I don't think starting a video rental store would be the wisest financial choice. Movie stores and rental stores are going on the decline. We don't even have any left in my area, most people have Netflix, or OnDemand, or just watch movies on their computers nowadays.

[bothan]

Buy a Red Box