By Charles Edwardson
November 09, 2007
A visitor form Idaho, or Iowa or something like that, wrote Sitnews and would like us local residents to set up shop on the front streets of our little town to sell local... something.
I know of three spaces available,
now would be the time for one of the year round vibrant businesses
to establish themselves in downtown Ketchikan. The only problem
I would see if I wanted to open a business in Ketchikan is there
would be very few customers in my store. Even if I could find
a spot for a thousand a month. Utilities and oil, would add another
thousand or so a month , plus wages for myself or a worker -
that would have to be a minimum of $2,800 to $3,000 thousand
a month. This is bare minimum just to survive until some foot
traffic arrives when the tour boats start up again. This total
of 5000 thousand dollars per month excludes inventory, merchandise,
sales tax, Workman's comp, 941 taxes, and maintenance. Also to
find a place for $1000 a month is not very realistic. So add
it all up and I can see at least 6 to 7 thousand a month cash
flow required to survive through the winter. What would we sell,
and who would we sell it to in order to generate 6 to 7 thousand
a month minimum?
We are dependent on the visitor
industry and the shops that cater to the industry at this time
are the Jewelry shops that are closed for the winter. I for one
look forward to them opening up again.
Received November 08, 2007 - Published November 09, 2007
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