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Sportscard Investors $3,000,000 card shop

So is Geoff going to lose his shirt by investing 3MM in creating a card shop? I hope his wife is really wealthy. That is a big initial investment.

George Brett, Roger Clemens and Tommy Brady.

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    CardGeekCardGeek Posts: 400 ✭✭✭

    I'd think more like 50k.

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    coolstanleycoolstanley Posts: 2,458 ✭✭✭✭✭

    Who is Geoff?

    Terry Bradshaw was AMAZING!!

    Ignore list -Basebal21

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    craig44craig44 Posts: 10,524 ✭✭✭✭✭

    @coolstanley said:
    Who is Geoff?

    he is an "influencer" on youtube and socials. his moniker is "the sportscard investor" seems like a nice enough guy, but i sure wouldnt take any of his sportscard investor advice.

    George Brett, Roger Clemens and Tommy Brady.

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    stwainfanstwainfan Posts: 1,514 ✭✭✭✭✭
    edited October 9, 2023 11:11AM

    I think investing is risky? How many players who were supposed to be great. That it didn't turn out that way.

    I collect hall of fame rookie cards, https://www.instagram.com/stwainfan/

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    pdoidoipdoidoi Posts: 491 ✭✭✭

    @stwainfan said:
    I thin investing is risky? How many players who were supposed to be great. That it didn't turn out that way.

    Hype sells.

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    RufussCkingstonRufussCkingston Posts: 1,489 ✭✭✭✭

    What are the parameters? If it buys a lot of "wax" to resell in that amount, then it could be a quick churn...

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    craig44craig44 Posts: 10,524 ✭✭✭✭✭

    just think of the overhead on a 3MM dollar card shop. astounding.

    George Brett, Roger Clemens and Tommy Brady.

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    BLUEJAYWAYBLUEJAYWAY Posts: 8,018 ✭✭✭✭✭

    @craig44 said:
    just think of the overhead on a 3MM dollar card shop. astounding.

    Security being a main one.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
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    stevekstevek Posts: 27,727 ✭✭✭✭✭

    @vols1 said:
    They have already hired there first two employees.

    "Buy all the Tiger Woods rookie cards you can. Buy all the Tiger Woods rookie cards you can."

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    clarke442clarke442 Posts: 605 ✭✭✭✭✭

    @stevek said:

    @vols1 said:
    They have already hired there first two employees.

    "Buy all the Tiger Woods rookie cards you can. Buy all the Tiger Woods rookie cards you can."


    So much for early retirement.

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    stevekstevek Posts: 27,727 ✭✭✭✭✭

    @clarke442 said:

    @stevek said:

    @vols1 said:
    They have already hired there first two employees.

    "Buy all the Tiger Woods rookie cards you can. Buy all the Tiger Woods rookie cards you can."

    So much for early retirement.

    I recall those Tiger Woods rookie cards that Don West was constantly hawking. They were PRO graded 10's that depending on the show, were being offered for $10,000 to $20,000 each.

    To say that was a terrible hiss poor investment, would be a gross understatement. 💸

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    totallyraddtotallyradd Posts: 928 ✭✭✭

    He's going to have something like six or seven "breaking studios" so his employees can break packs all day. A kids trading area, a "sports book like atmosphere" , etc

    He has a vision to basically make a card shop as close to Disney World as possible. The fact of the matter is, a card shop isn't going to be a tourist attraction. I know there will be an online store that goes along with it, but I just can't see how something like this can sustain once the initial local hype dies down. I think he believes that everyday will be like a day at the National.

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    olb31olb31 Posts: 2,932 ✭✭✭✭✭

    They should put it in downtown philly. LOL!!

    Work hard and you will succeed!!
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    Nathaniel1960Nathaniel1960 Posts: 2,313 ✭✭✭✭✭

    Overhead is going to be a beast.

    Wonder if the complex will include warehousing and a vault? The breaking studios are interesting especially if open to the public. But just seeing the endless shelves of unopened new product at Wamart makes me wonder how he will differentiate.

    Frankly he may be well-heeled enough that he doesn’t need to break even the first few years and he may have some sponsors lined up to help.

    I think his “investment” advice sucks but he is VERY good at promotion and interviewing - and he has built up a very well regarded social media presence in a short time period. He is also very passionate about what he is doing - sweat equity should not be underestimated.

    Kiss me once, shame on you.
    Kiss me twice.....let's party.
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    vols1vols1 Posts: 764 ✭✭✭

    Breaking studios might be first smart idea Sportscard Investors had...

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    Stone193Stone193 Posts: 24,351 ✭✭✭✭✭

    @BLUEJAYWAY said:

    @craig44 said:
    just think of the overhead on a 3MM dollar card shop. astounding.

    Security being a main one.

    Wow, is that ever true.

    There's a shop near me - Sports Card Plus - been there for over 20 yrs.

    It was burglarized last year. I was talking with the owner and he had to add real time night security. He also told me his fire/theft insurance was well over 20K a year.

    Mike
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    craig44craig44 Posts: 10,524 ✭✭✭✭✭

    wow, 20K a year for insurance alone. that is no joke. I cant imagine what Geoff will need to carry for insurance.

    from what i have heard, margins on unopened is pretty tight. for his sake, i hope he does well buying singles and also sell a lot of supplies. We have a seller up here that sets up at all the shows and all he sells are supplies. he always has about 4 tables full of everything you can imagine. I have overheard him saying that when you buy in bulk the margins are not too bad on supplies.

    George Brett, Roger Clemens and Tommy Brady.

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