My friend has outlasted 6 stores closing. Only one other remains open and they send customers to each other because neither one hardly ever has the big items. They sell out fast.
I will tell you the truth. Her husband has wanted her to close it since the first year. She makes a profit and she would take home more if she worked for someone else. She makes most of her profit when she convinces people to trade in things for store credit which they spend on really overpriced items($3 minimum). Jeans up to size 6X run at 8.95 which is ridiculous. I don't even shop there unless she is paying CASH.
She can't afford help so she has 2 relatives who work for free occasionally.
The other owner strictly pays cash. I take all my big items there and she gives me a check on the spot. She is the one everyone goes to first.
Her store is larger, more organized, and also barely making a profit.
Both their husbands told me their wives would make more money in less time working for someone else.
Do you know someone who would let you use a property for free and just pay costs? Can you fix the building up yourself?
DO NOT BUY INTO A FRANCHISE. You will lose in every way.
These women have 10 and 24 years experience with no help from anyone.
One does have set prices for how much she charges for the usual things
(play kitchens 35/sell for 70).