Should I buy an existing running or outdoor gear store or open one?
Neither route is better in general. Buying gives you existing supplier accounts, stock and a customer following, but you inherit its stock and commitments. Opening gives you a clean start and your own choices, but you must win supplier accounts and customers from nothing. Weigh both against your savings, skills and patience.
People who love running or the outdoors often think about owning a store long before they think about the trade itself. Specialty gear retail depends on product knowledge, community ties, stock choices and seasons. Laying out what each route gives you, and what each asks of you, helps you decide with open eyes.
Supplier accounts
An existing store usually has dealer accounts with the brands its customers expect. Ask whether each supplier will continue with a new owner, because an account may depend on the owner or on sales history. A new store applies afresh, and some brands are choosy about who sells their products. Check each major supplier’s terms before you rely on either path.
Stock and the season
A store you buy comes with stock already bought for the season, some of it moving well and some of it not. Ask how old the stock is and how it is counted. A new store lets you choose every item, but you pay for it all before you have a customer. Timing matters: starting just before a slow season is a very different experience from starting before a busy one.
Community and online competition
A running or outdoor store with a loyal following, group runs, clinics or club ties is a feature to check, since those ties may not outlast the owner. Ask how much of it is personal to the seller. Every route also faces online sellers, so think about what in-person fitting, advice and events give a customer that a website cannot.
Related reading
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Buying
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Selling
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 03Business Development Bank of CanadaGovernmentWorking with a broker to find a business to buy
- 04Business Development Bank of CanadaGovernment13 terms you need to understand before signing your commercial real estate lease
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