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Old 11-16-2012, 12:09 AM   #1
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Coral Farming

So I was looking for any and all input available from our long time reefers all the way down to our soon to be reefers on the matter. I'm currently in a situation which may allow me to start a small business with a partner and his brother as the majority investor for financing the business. My plan is to rent a local building that's roughly 1000sq.f and set up a system completely dedicated to propogating corals in house selling all aquacultured corals locally and nationally over the internet. My goal is to provide high quality corals at cheap-reasonable prices with the best customer care possible (since we know a lot of places lack some in that area). I've already put a few local surveys out a month ago to get some feedback of frequency of corals purchases as well as estimates of how much they spend per purchase (which I would love your feedback on this as well) to get a feel of my local market which I see as my main source of income in the starting months. Well I could drag on and on with this post so ill end it here and leave it open for more discussion, questions, or advice (much needed haha). Thanks for reading guys, always love hearing from you!
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Old 11-16-2012, 12:38 AM   #2
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Sounds like you have it planned out pretty well brother. What did your surveys say?
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Old 11-16-2012, 12:46 AM   #3
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Locally I'm looking at a huge want for a larger variety of zoas. I was hoping to focus more on acans and favias though (bet you can't guess why lol). The pricing seems to be in the $40-$80 range per purchase. There actually doesn't seem to be much of a market at all for any sps which I hope if I can get a site launched with enough traffic it would allow me to dive into that part of reefing because I love millis and acros and they are very easy to propogate and grow/recover pretty quickly.
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Old 11-16-2012, 12:50 AM   #4
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My main concern is if shipping will even be worth it when I start and at what point it will be worth doing. I know that this gonna be the only way to turn it into a full time salary for myself which is the end goal. I have a lot of math ahead of me over the next few days as I figure out all the expenses, running costs, etc. : / ... Gonna be a lot of work but I can see the end picture and its totally worth it to me which is all that matters haha

Edit* I'm hoping to get together with my buddy (future partner) and pitch the whole plan to his brother in a few weeks to get a final decision and potentially the greenlight to rent the property I have in mind and start renovations to begin and get cycling asap as this will be a huge loss of time and money waiting.
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Old 11-16-2012, 10:41 AM   #5
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Wow! That's exciting! I hope it all works out for you! That would be a great job! You're really gonna have to figure out the shipping, though, for all of us who live no where near you! (Ahem) lol. And just to throw in my 2 cents for your survey, anytime I go to the store and buy corals, I'm lucky if I leave with less than $150 of stuff. That's about once every 1-2 weeks.
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Old 11-16-2012, 12:42 PM   #6
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If this actually happens, you know I'll order off ya dude! Hahaha
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Old 11-16-2012, 12:48 PM   #7
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Well, in dealing with Aquacare as their first shipping order things were murky at first and they had to figure stuff out. What started as 30 buck 2 day shipping is now 30 buck 1 day.
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Old 11-16-2012, 02:02 PM   #8
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Thats like a dream business! Hope it works out for ya! Where will it be located?
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Old 11-16-2012, 02:10 PM   #9
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I hope so to lol one of my previous customers for coral gos to school at WVU right down the road from me and all his roommates are hooked to the hobby to. With their help I can get someone very educated in business law to help out for some free corals and lifetime discounts as well as a web designer. It looks as though I may be able to do this without actually having to "pay" any employees until I hire my first in shop employee. If I get the property I'd like I would located in the heart of wheeling, WV
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Old 11-16-2012, 02:20 PM   #10
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Man, and with me being about a 2.5 hour drive away too...maybe I'll dangle some fire and ice and bam bams infront of you.
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