Hi everyone.

Well, after thinking about it for the last couple years, I decided to start up a real life physical retail store selling lego. I’ve been working on getting the space ready for the last couple months, and will open the doors this saturday, October 20th. Starting out, I will be the only employee, but I’m sure that will change very soon. I’ll at least have to hire someone to host the birthday parties we will offer. Since i’m doing this independently, instead of joining a franchise like bricks and minifigs, i don’t exactly know what all to expect, but i’m sure it will be fun. If anyone here is in the rhode island area, come check out the store and say hi.

 

Well done man. Just well done. Looks great

Great job! It looks much bigger and more inviting than any LEGO store I've been in. Expect to retire a lot sooner than you think! ?

It looks great! If my business travels take me that way I’ll definitely stop in. Also, look into getting yourself into Google Maps. I looked you up and couldn’t find it.


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Love that brick wall! Great setup.

Congrats! You're living the dream!

Good luck. I would love to visit sometime. I don't live that far away.

Are you wholesaling the sets from LEGO? Or do you use the sets that other people sell to you as your inventory? 

Looks awesome! 

37 minutes ago, The Builder said:

Are you wholesaling the sets from LEGO? Or do you use the sets that other people sell to you as your inventory? 

Looks awesome! 

Lol. Add a bar to it. Sell liquor  

id be spending there my evenings if I lived close by and many others here I’m sure too lol

Last call! ...and everybody buys their last lego sets...

 

Actually Clintonjoseph, Lego does have a wholesaling channel! It's called ITD Orders. I'm dealing with them right now as a matter a fact, they wholesale Lego sets, mini-figures, watches etc. 

You have to fill out a business form they send you if you want to join, if your a brick and mortar store, like yours, you have to send pictures of your store as well. But that's just an idea if you want to wholesale sets from Lego. 

I would need to wholesale the products from Lego for my online subscription business, so it is possible to wholesale. Sense I'm doing  an online business and you have a brick and mortar store, the rules might be different. Not shore? 

I'm not allowed to give out their email, for some reason.  They want it to be private. 

BUT, go to Lego.com and ask customer support for more info on ITD. If your interested that is. 

Keep it up!  

P.S If you do decide to try out ITD Orders, they can reject you after you send the form.  But keep sending the business form and see what happens. I got rejected, so if you do to, don't worry, try again like I'm doing. 

11 minutes ago, The Builder said:

Actually Clintonjoseph, Lego does have a wholesaling channel! It's called ITD Orders. I'm dealing with them right now as a matter a fact, they wholesale Lego sets, mini-figures, watches etc. 

You have to fill out a business form they send you if you want to join, if your a brick and mortar store, like yours, you have to send pictures of your store as well. But that's just an idea if you want to wholesale sets from Lego. 

I would need to wholesale the products from Lego for my online subscription business, so it is possible to wholesale. Sense I'm doing  an online business and you have a brick and mortar store, the rules might be different. Not shore? 

I'm not allowed to give out their email, for some reason.  They want it to be private. 

BUT, go to Lego.com and ask customer support for more info on ITD. If your interested that is. 

Keep it up!  

P.S If you do decide to try out ITD Orders, they can reject you after you send the form.  But keep sending the business form and see what happens. I got rejected, so if you do to, don't worry, try again like I'm doing. 

Let us know if any of the following have changed recently regarding ITD:

1. have to have a brick and mortar store for minimum 2 years open

2. can't sell more than 50% Lego

3. online sales strictly prohibited

4. minimum order must include all product lines, no pick and choose

 

There's a reason why very few BrickPickers have ITD accounts.   In addition, I've been told that even if you are accepted, you can expect sets 3-6 months after general release.   They fill Amazon/Target/WalMart first before they bother with the ITD orders.

 

It would be nice to know what the wholesale prices are along with price breaks. I'm guessing that big players must be getting at least 70% discount to afford overheads, free P&P and yet still offer big discounts.

7 minutes ago, TabbyBoy said:

It would be nice to know what the wholesale prices are along with price breaks. I'm guessing that big players must be getting at least 70% discount to afford overheads, free P&P and yet still offer big discounts.

not even close

30 minutes ago, TabbyBoy said:

It would be nice to know what the wholesale prices are along with price breaks. I'm guessing that big players must be getting at least 70% discount to afford overheads, free P&P and yet still offer big discounts.

From what I've seen in the past, LEGO wholesale prices are a joke (unless something has changed).

2 hours ago, ravenb99 said:

not even close

 

1 hour ago, Jackson said:

From what I've seen in the past, LEGO wholesale prices are a joke (unless something has changed).

Any examples please?

It seems like LEGO doesn't do sale-or-return otherwise a lot would be going back if the wholesale discount was poor, right?

8 minutes ago, TabbyBoy said:

 

Any examples please?

It seems like LEGO doesn't do sale-or-return otherwise a lot would be going back if the wholesale discount was poor, right?

A local Mom & Pop toy store that closed down a couple years ago here had an account with Lego. They had a minimum yearly requirement that was pretty steep along with very little margins (10-15% off MSRP). I never saw them with sets that were >500 pieces, likely due to the price. I've talked to the previous owner a couple times this year as I've been working out my business details and her recommendation was to source anywhere else if possible.

12 minutes ago, TabbyBoy said:

 

Any examples please?

It seems like LEGO doesn't do sale-or-return otherwise a lot would be going back if the wholesale discount was poor, right?

they range based on set but go from 30-40% for the big retailers.   Most licensed sets 30,  unlicensed up to 40.  

 

In the US if you are Lucky enough to get a Wholesale Account,"You Cannot get the Exclusives" only the regular sets, and on a $120 set Lego lets you make about $20-30 on the set and you pay $10 a box shipping. These days you can get most sets cheaper. I had a wholesale account for about 8 yrs back in 2004 and up back then it was free shipping, and Lego wasn't doing that good, they would call me up all the time asking me what I wanted. But in 2012 they changed there wholesale policy, about having a real store,etc.    Ed

3 hours ago, The Builder said:

Actually Clintonjoseph, Lego does have a wholesaling channel! It's called ITD Orders. I'm dealing with them right now as a matter a fact, they wholesale Lego sets, mini-figures, watches etc. 

You have to fill out a business form they send you if you want to join, if your a brick and mortar store, like yours, you have to send pictures of your store as well. But that's just an idea if you want to wholesale sets from Lego. 

I would need to wholesale the products from Lego for my online subscription business, so it is possible to wholesale. Sense I'm doing  an online business and you have a brick and mortar store, the rules might be different. Not shore? 

I'm not allowed to give out their email, for some reason.  They want it to be private. 

BUT, go to Lego.com and ask customer support for more info on ITD. If your interested that is. 

Keep it up!  

P.S If you do decide to try out ITD Orders, they can reject you after you send the form.  But keep sending the business form and see what happens. I got rejected, so if you do to, don't worry, try again like I'm doing. 

Sounds real easy.  Where can I join?  

Y’all wrong. Builder is right. 

24 minutes ago, Lordoflego said:

Y’all wrong. Builder is right. 

 

1 hour ago, Ed Mack said:

Sounds real easy.  Where can I join?  

For a small commission, TB will coach you both on how to talk to the CSR and fill out the form. Typos at no extra charge.

1 hour ago, Ed Mack said:

Sounds real easy.  Where can I join?  

Now accepting new applicants 

 

5 minutes ago, Bold-Arrow said:

Now accepting new applicants 

 

I think what I am trying to say is that I need a "life coach."  I need someone to show me the way to fame and fortune.

4 hours ago, TabbyBoy said:

It would be nice to know what the wholesale prices are along with price breaks. I'm guessing that big players must be getting at least 70% discount to afford overheads, free P&P and yet still offer big discounts.

Last order form I seen, on Star Wars, markup was about 18%.  Most licenced products was between 20-25%.  City and Lego owned themes (Ninjago, Friends, creat or 3-in-1) was still less than 40%.

 

And that didn't even include freight to have shipped/delivered to store location.