Im trying to get a ballpark idea of what it would take to open up a smoke shop in a certain town. This town is fairly inexpensive for rent, and is a college town. Ive found a place for $1800/month right in the main area of shops/bars next to campus that will be available late summer.What I envision is to find a couple of very good glass dealers and offer a variety of pipes, papers, cigarettes (including harder to find brands like dunhill internationals, etc) , hookahs, flavored tobacco, etc.There used to be a smoke shop in this town , but it closed a couple years ago, so there is not a single shop that caters to this large crowd of college students. To move into this new location, what is the typical procedure as far as: do you sign a year long lease? What is the penalty for breaking the lease if your business fails (one months rent?). How hard / much does it cost to get the business licenses and permits necessary? What legal things do I have to take into account because of controversy that goes with having such a shop? I have checked into it, and it appears this state allows for such shops, and I know of a few in a neighboring city, but if there are additional things to take into account here, besides making it 18+ only, that would help too.An additional reason for thinking I could do this would be that if the business does not catch on and eventually I have to close the shop, I am confident I could get rid of the inventory for equal or more than I paid for it via festivals and other outlets.The costs as I see it is the $1800 monthly rent, electricity costs, and $7 / h for someone to help me with the shop. I think that one employee would be enough to run the store. I also have a lot of experience with web design and could do that myself, and know the owner of the most read college paper, and might be able to get a good deal on advertising (its already fairly cheap).I would appreciate your thoughts, suggestions, and critique.
      Answer1:try/ search: Business Empire Magazineit messes up when I put a link but they have a lot of useful information related to business that should answer your questions. you can even submit press releases about your company for free and will help find answers to your questions among other things