Originally Posted by Phyl
They aren't going to pay more than wholesale for it. Can't really blame em, can ya?
Kinda my point. It depends on the item, and whether it's fresh or saltwater. Freshwater fish are typically marked up 4-5x wholesale cost. As wholesale price increases, the markup multiplier decreases. Saltwater items are typically marked up 3x - mainly because of the higher wholesale cost. If it's something that we don't usually carry or hard to get, I may be inclined to offer more to the customer bringing it in. I'm not going to buy something from someone if it's going to cost more than I can get it wholesale - there's no point.
Plus, we are the only LFS
within an hour that will even give store credit (or cash, in some circumstances, though less than the amount of store credit). I also have to weigh in the likelihood that it will sell in a reasonable amount of time. I'm not going to sit on (for example) twelve 18-20in japansese koi that this lady wanted me to buy from her for $50 each. Granted, they are worth $150 each, but my area of town doesn't have the market for these fish.
There's also the inherent risk that the fish is a carrier of a multitude of diseases. If the fish looks injured or diseased, I simply tell the person we won't take it. This obviously doesn't go over too well, when they just spent an hour trying to get their 12in oscar out of whatever tank they had that was way too small for it. If it looks good though, it goes in solitary confinement, just in case.