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Originally Posted by El Maestro
okay, "comeplay"...here's my last idea that has not been done - yet. i am going to start this, but i don't have a date yet. the reason is, i want to try something else before i go back to "brick n mortar" business. brick n mortar is difficult to start, but very profitable in the long run, especially when you sell them.
basically my last idea is to start a store that caters to food stamp receipients, kind of like my WIC-only stores, but this one accepts only food stamps. the premise is the same, but this is an untapped market. i know, i've researched it for a long time.
the only problem is, you need to more start-up capital - i figure about $200k to do it right.
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Dont think im against your idea but im just wondering what the benefit of having a foodstamp only store would be? maybe its different in other states but in maine they are given a foodstamp charge card which is refilled monthly then you use it in most any store unless they specificly stated on their door they dont accept it. And its for food items only non-candy alcohol and maybe even soda. So are you thinking of just putting every item that falls into the acceptable items list in this store so they just come once a month and buy everything and they know anything they pick up is covered or are you playing that maybe people dont want to be seen using them in regular grocery stores? if you want to discuss this in a non-forum setting hit me up on msn
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