[Jewelry making - Article 01296] - [Orchid] Retail Vs. Office Space

[Pete]

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Hi all,

    I would like to poll everyone on their opinion Re: opening a shop in
    an office building. 

    I am considering a repair shop, both trade and walk-in (retail).
    This would be a one-person shop. 

    I live in a fourth-tier suburb. I am aware of no one doing this
    (office space) out here. I am aware of one trade shop in an
    industrial area. In the cities downtown area, there are many
    jewelers in office spaces, clustered within a couple of traditional
    old office buildings. 

    The biggest obvious differences are these: little-to-no walk-in
    traffic in office buildings as compared to retail spaces; and, the
    office space is probably around 1/3 to 1/4 the cost of retail
    spaces. Another thing, it's difficult to find retail (outside of a
    large metro area) that is small enough - the typical strip mall
    store is around 1200 sq. ft. I would only need around 500 sq. ft. 

    As a separate opinion entirely, I would like to hear the
    conventional wisdom these days of opening a retail repair shop at
    all. It's usually been considered a poor option as a business start
    for goldsmiths. But I wonder with the changing landscape in the
    jewelry industry, has that changed? 

Thanks,
Pete
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