I tossed around the idea for a while, but once I looked at the numbers and the market in the local area went in as assistant director of my Dad's business. Getting financing for an LFS
is the first major hurdle and the folks I know that have been successful either came from a rich family that provided the financial backing or had previous businesses that they sold to fund the LFS
One friend of mine was a serious FW
hobbyist and got financing to start his own shop about 6-7 years ago. He calls the whole thing, "a total failure" and complains that not only is his shop unsuccessful, it has ruined his love of the hobby.
I have another friend who has a pretty successful SW
shop although he sells Hamsters, Rabbits, Reptiles, the whole 9 yards but tells me that his reef fish and corals are his main sellers and the heart of his business. Personally I think location and market are the keys. Wet Pets and Friends is a very successful fish shop fairly close to me. They have a great staff, two owners that work hard and know the hobby, and are situated close to Pittsburgh, PA so they have both wealthy and dedicated clients.
All in all opening a fish shop is something I would think long and hard on.