I am the one that donated the miracle piano. Glad you were able to make use of it. My family came from Peoria il on our way to see family in Arkansas. Really nice store and a fun stop.

Thanks for being so upfront about your costs its great to get that sort of insight that people rarely share, you and your team put a serious amount of work in to that store every month, keep the vids rolling 🙂

“Good day to be a business owner!” *throws marker and walks off* 😂

@TheRoxy671

Ай бұрын

😂😂😂 that is true...

I would like to say that seeing what people buy from time to time would be interesting. It’s great to see the community buy things they are excited about. Just a thought 😊

$2770 left in the $5 video game collection

Love seeing the breakdown of what it actually takes to run a small business.

@markusaurelius4015

Ай бұрын

I was blessed to be raised by parents who owned a business so I saw what it takes and largely decided I don’t want to do that 😂 This doesn’t even include risk reduction costs that I HOPE he’s always going! Like insurance, busniness savings, etc so things don’t have to be sacrificed when bad stuff happens. The average person should be more educated in this kind of stuff in my opinion.

The fact you can operate that type of business and be in green after expenses is impressive. I'm assuming that's actual profit after you pay yourself.

@bbgarnettTotallyNotABot

Ай бұрын

He also has another Full time or assuming full time job as a worship pastor so he he could be using that income to feed his family and other things like that and then be using any income he earns from the store to help the store grow and keep it going.

@Chronis67

Ай бұрын

If he's doing it right, he is an employee of the business and should include himself as personelle to be paid. If he's paying himself with the profit, then that has a high risk to it.

@TheGebs24

Ай бұрын

Amazing video Rick. Catch you in ONE MONTH 🇬🇧 🇺🇸

@snipesxiii9188

Ай бұрын

most his personal income is probably from his two youtube channels. There is no way his pay was included in that 15000$ a month personnel expense.

@VanillaaDelight

Ай бұрын

@@snipesxiii9188 Based off the videos he has between 6 and 8 employees that we can see. Lets say 6 employees only, if they each get an equal share that's only 2500 a month, or 30k a year. So yes $15k a month in labor cost is plausible. Id also guess there might be an few employees that are either part time or dont want to be filmed. But yes it would be interesting to see how his YT dollars translate into funding the business.

people forget that he runs whatnot two KZread accounts and other side hustles. he's living good I'm sure otherwise he wouldn't do it, he's his own boss around what he loves and seems happy. happiness is more important than money

@snipesxiii9188

Ай бұрын

exactly, he clearly just runs the store for the love of it because he doesnt need it to be successful.

@armastus1474

Ай бұрын

I told that to the IRS, “Happiniess is more important than money”. They were not amused and I still had to pay 😭

@brentsalassi5245

Ай бұрын

I don’t feel like anybody forgets that.

@elmechetv3093

Ай бұрын

Other thing people forget is that wall of expensive stuff he has in his office.

@snipesxiii9188

Ай бұрын

@@brentsalassi5245 did you read the other comments on the vid?

His profit is in the KZread channel….the store is just the platform…..

@opaqueentity

Ай бұрын

Yeah it would be good to know that

@THROWBACK_Sports

Ай бұрын

he also probably pays himself a wage which is added into the personel budget

@pnut3844able

29 күн бұрын

Yup

@rschmidt9495

26 күн бұрын

Even with YT profits, he ain’t rich by a long shot. And with all the hours he puts into it he probably makes an average salary.

Really digging your videos, keep it real!

$4500 is awesome for that size of space. I pay that much for 1200 sqft ice cream store in CA.

@greggperez2124

Ай бұрын

For real! In Central Florida that gets you a 2000 sq ft space lol

I bet it'll feel good when that loan is paid off, extra $8k at the end alone for that

I think people forget about both of your KZread channels, as well as your whatnot stream, playing with the band in the church, your day job, your family, life, and everything else all at once. I think you're doing a great job, my friend.

Now you know why GameStop offers $20 for a PS5 😂

@retroordis

Ай бұрын

@@poa2.0surface77 Just to give a little more context on this - Yes, GameStop (bigger chain game stores) pay far less in printing etc. - however, I was a GameStop Store Manager for many years and when it comes to new games (like the pre-order games) GameStop still pays high for the games - for examples... if they sale the game for $69.99 - GameStop purchased the game for around $60 - all these use to hit my P&L each month and could see the cost of product. Just some insight on the new games.

Good stuff Rick! LOVED how you kept it transparent as a business, people really have no idea how profits, taxes, breakdowns, marketing, etc work. Hope you have a good next month Sales wise at the store! 🔥💪☺️✨

legit love the transparency on this type of stuff rick, honestly i would love to hear more about this on good months or bad months really gives a perspective on on things really work bts

Thank you so much Rick for you honesty and transparency, I never said anything, but had thought it. And now we can all move on, refer to this video anytime anyone asks, and enjoy this awesome Content Creator making videos that give us a home for our happiness.

$8k monthly loan is crazy. you've basically rebuilt the entire store, changed the store name, and restocked entire shelves twice over by now lol.

Thank you for showing the reality of owning a business in this space. You need to keep the shelves full. Its very easy to get behind on inventory or taxes if you do not know what you are doing.

Dude. Such an awesome day. So cool to finallly meet you. You’re so nice and down to earth. Just. Keep. Gaming.

michael low key the funniest guy. He's hilarious to me.

@beardsloan

Ай бұрын

💯

It's pretty good for the first year of business. It's only going to get better homie. Keep it up. I live vicariously through your channels.

Loving this video! like how you explained the actual cost of running your business.

Great video ! Loyal viewer from Canada

Glad you explained the costs of owning a gamestore. I talked to the previous owner of GP a few times about wanting to get into the video game store business and you really need to have a lot of money and games to invest up front. It ain't cheap.

Nice! Good to see you guys making some money and able to put some of it back into store upgrades

The green is good, love to see it! That doesn’t include all of the other things you do like both channels and such, congratulations on your success!

Love the channel, love you guys ❤ Much love from Canada

Love the P&L breakdown. 3% bottom line profit, would love to see your Q4 (Christmas) breakdown.

I appreciate the transparency of this channel while operating a small business. Have you considered a video where you talk about working with the company who made your logos? You may have in a past video, but just throwing the idea out if you haven't already :)

A set of those McDonald's Hercules plates sells for $100+ on ebay surprisingly quickly. All 5 sets I've sold have sold within 3 days or less of listing them. 👍

I am not surprised that he is not making much money. Physical stores have a high costs and you just can't get around online selling these days. The only way physical might still work is either the investment costs have already been made back or it offers an unique experience that's worth visiting.

Love the transparency - keep up the great work!

That final number was in the black and not red, so awesome job to you. That's a solid W. I'm always fascinated by these types of breakdowns. Thanks for sharing.

I dig the sunken ship background music playing in the store.

Really hope that's after you paid yourself. Thank goodness your channels, shirts and side deals probably supplement a lot of your take home and AK is a LCoL state. You're not getting rich but you're providing jobs and nostalgia

@Painmaster212

Ай бұрын

Probably doesn't pay himself with the store money as he kept his other job and side hustles. I figured he'd wanna pay off that business loan first and then maybe start paying himself.

Packing heat... @ 00:13

I really appreciate the transparency. Note Rick did not include any stress, sleepless nights and other sacrifices in that list

@PeperonyChease

Ай бұрын

He also didn't include other income like youtube revenue.

@angrybirdbob2881

Ай бұрын

@@PeperonyCheasebecause that has nothing to do with the store. Store ≠ KZread, separate business’. He just wanted to show what running specifically the store is like

@PeperonyChease

Ай бұрын

@@angrybirdbob2881 you think this channel has nothing to do with the store? Get a clue.

That’s one of Ron’s best scenes in the entire series!!

Congrats on the sales number! It's crazy when you think about all the little costs and business steps that come in between the sale and profit margins. I won't say where for privacy sake, but I know a local game shop owner who I've been giving business to since my early high school years. About 2 months ago, he told me he did over 1 million dollars in sales for the year of 2023 and I believe him (he does a LOT of online based business too in fairness). What most people don't realize though is that doesn't mean what his profits ended up being. After factoring in costs and overheads you'd be surprised how little that number shrinks in the end.

THANK YOU for sharing your #'s!! As a business owner myself, it's crazy how much per month I spend on dozens of different things! Crap, I spend over $20,000 per year JUST ON lease/rent and our phone system.....ALONE! I love owning my own business, but it's CRAZY expensive!

@MrJcoupe96

Ай бұрын

Let's not forget the revenue this channel also brings in. The profits are higher but we can't expect him to really share ALL the details. That's none of our business.

@b-man1232

Ай бұрын

@@MrJcoupe96 - 74,000 subscribers isn't much. I'm guessing he makes maybe $20,000-$30,000 per year off of YT...maybe another $5,000-$10,000 per year off of merchandise???? It's the YT channels with a million + subs tgat make the good money. Then again, I could be dead-ass wrong??😂

Loved the low key Rescue Rangers NES music playing in the background during a part of this vid. One of my favorite games as a kid!

Great content as usual!

After owning my own business, you learn real quick about the expenses. People don’t realize how much money you have to pay to keep everything moving forward it gives you a new perspective on prices at the store when you go to the stores and try to lowball the prices. Keep in mind that when they give you a deal at a lower price, they have to make it up somewhere else because all these expenses are already incorporated in the price.

By The Looks of Your Office Walls......I'D SAY YES!!

I raked leaves and mowed grass in my neighbor hood one summer to buy that exact play it loud clear gameboy brand new at toys r us when I was a kid. It was $80. I also bought Links awakening.l that day.

Beautiful Kurzweil keyboard ❤ You can do a lot with it when you plug it into a computer and trigger by MIDI virtual instruments 💕 Best regards from AmpleSound virtual instruments!

i respect the knowledge, thank u....i always wanted to open a games/fries and burger store...or sell games at home or gamestore. but i get scared of $$$$$$$$ not making money

Rick, if you put your store and inventory online to order from, hired a picking and online order fulfillment department that just did that from open to the close of mailing cut offs...You'd be doing incredible numbers and moving a ton of product/inventory. Whatnot and Ebay on the side seem like such gambles.

this is the part about working at a game store seeing all the cool stuff that randomly walks through the door

how many employees is that 15K divided to? part/full time?

LOVE YOUR CONTENT RICK

Hyped that you actually mentioned ‘Dreamcast’. Out of ALL the KZread resellers, you’re the first to show the console love. Would LOVE to see more Dreamcast content in the future!

@christopherjames5770

Ай бұрын

Chech out the Arkansas Picker. He's livin the Dream. Cast. I like his channel too

It would be cool to see/show what customers buy!

Damn that Hercules plate takes me back. Had it until a few years ago when it broke.

6:00 Rick, I have an extra Miracle Piano in the box, almost CIB. Missing the foot pedal.

Retro rick is my favorite teacher! Wow what an eye opener

Some of the main memories I have of GameCube are Serious Sam. Super random but only ever played like 5 games on that system, funny how the gaming journey is different for everyone.

Always love seeing these small business reality checks. There are so many costs people don’t anticipate. I am interested to know how COGS is calculated. Does that number include Store Credit that you gave out but hasn’t yet been used by the customer? Or just straight cash outflow?

I understand your pain. Owner of Gaming Therapy in Holland, MI.

Great analysis for running a brick and mortar video game store. He should get a mom and pop accountant at $300-500 month rate, cap Misc. expenses (or petty cash) at $100-200/month and pay off that nasty $8,000/month loan expenditure!

Im glad people are scooping up Dreamcast games fast. It's my favorite console and has sooooo many hidden gems 💎 Im a weirdo who owns the complete north american library and I still keep coming back to play it (especially the fighting games)

I appreciate the business breakdown! Glad youre in the green but hopefully you can find a way to get that profit % up a bit.

@angrybirdbob2881

Ай бұрын

Once his loan drops it should help a lot

@Helthurian

Ай бұрын

@@angrybirdbob2881 Certainly!

Yall coming to SFGE in Atlanta? Great stuff!

I miss your old vids , retro game hunting in old stores and stuff

Yooo I remember eating off the Pegasus plate when I was a kid!

At least you have the population to support it, my expenses would be close to the same, but without anyone to come in and buy things.

You forgot to include random ephemera that you buy, like McDonald's signs and other stuff that isn't for sale that adds to the "overall experience".

It’ll be really hard not to keep all the cool stuff that comes in for the collection the temptation would be so real.

you're doing AWESOME

That first trade was extra minty

You got insurance on your list? Love your channel.

You gotta write it ledger style with debits and credits

Funny i just sold a sealed zelda collectors edition, hadnt seen it before got it for super cheap at a thrift store

The miracle piano is a beast accessory for the NES

I would say you are doing pretty well overall being that all your sales are local. Some shops only see success by offering online sales as well. I'm sure there will be some costs you will be able to reduce over time. But hey at least you are still in the green.

Always good to the be in the black.

I thought about buying a building for storage for 4K but I don't make enough to justify the 2500 for yearly property taxes.

I’d be curious how a store live stream would do for you guys. Just set up a camera near the registers and let it roll.

Mad props to keeping it going for 3k a month lol - that wouldn’t get me out of bed lol

@klwarhouse

Ай бұрын

Lol, I was thinking the same.

Heckin Steve will still find a way to complain about this like you’re spending HIS money 🤣🤣🤣🤣

@briand2136

Ай бұрын

Biggest loser i've ever seen, trying to get clout by bitching about people is the lowest form of scum on the internet lmao

@mfinite689

Ай бұрын

Can't stand that guy. Wants people to buy games to enjoy the hobby, but in order to do that someone has to be around to sell them to the people that want to buy them. Rick's taking a huge gamble for people to enjoy the hobby.

You can sell the same online for a fraction of the cost

Insurance? Work comp?

Daamn. You guys have god Taxes. Here in Sweden we have 30% Taxes on everything then moms and shiiiit! =D

So does Rick live off the 2 grand?

@120ventures7

Ай бұрын

KZread + another job

@theretrosaberguy

Ай бұрын

KZread, whatnot

that is insane lease price for Arkansas, my god

That aint bad for Arkansas, could also dramatically reduce a lot of those costs quite easily.

Those $50k per month on cost of goods is excellent. Your inventory will grow in the long run.

Whats the loan like 2 millie??

I know Rick's store is 100% above board since he's pretty well known online, but I would be curious how many game stores out there are actually mainly money laundering fronts? I feel like reselling video games has a lot of potential for placing funds in different ways that would be really hard to actually detect and find evidence of.

I’d buy some plates in a heartbeat

i still have a 90s Mcdonald’s kids plate the Halloween McNuggets

Positive cash flow and net income in the green. Sounds like a good day to me! Well done!

Its 2 N's and if you didn't have this channel it wouldn't be sustainable. Thank you for what you do we Gen Xers really appreciate your channel and store.

ITS A MIRACLE!!!

Why not create a webpage (online store)? You have a huge following. I understand whatnot for perhaps the more affordable options and quick flips.

I just have a couple of questions. Why aren’t you doing balloon payments on those loans ? Of those salaries, are you included in said salaries ?

@120ventures7

Ай бұрын

That’s what I want to know too! Profit is awesome… if you are also getting a paycheck

Rick, you either have balls of steel or enjoy sleepless nights. All that risk to clear less than $3k a month. I tip my hat to you and your efforts to keep the hobby going.

that’s actually insane if you only make 2k a month.. actually sad damn :( you deserve way more lol

hooked on phonics didnt work lol