GREY:CHOOF - Post by User
Post by
NewChooon Dec 21, 2019 10:05pm
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Post# 30480747
retail and cash flow is what we need right now ...
retail and cash flow is what we need right now ... We have (I'm told) approximately 32 stores either open or in development right now - can anyone confirm this?
I see 21 stores on the website, and they look great - but one thing concerns me when I see dulition as we've had lately ($1m recently) at this low price (relative to earlier this year).
Choom has a great brand, and I love the model, with one exception. When I look at the Niagra store, it's amazing and all, but the problem with 'amazing' is that it's extremely expensive to build a store of such high quality. Hey, I'm not suggesting junk, but I'm also not sending the ol' lady off to the spa - you know what I mean.
At this point in the game, I think we should be focused on quantity, not so much quality - but let me explain what I mean.
When you goto the company website and look at the pic's of that store, it's hard to ignore how much money that must have cost. Anyone that knows anything about commercial renovation costs will understand what I mean.
Rather than spend $500k on renovations to open one store, how about spending $100k and open five?
It's all securing locatoins at this point, forget about making it quite so fancy. Nobody cares right now - we're all still blown away that we can walk into a store and buy weed... just make sure it's good weed.
- NewChoo -