Tuesday, October 11, 2005

New business venture!

Below are a few pictures of Addictions II, a satellite studio of Addictions. It is an interesting venture. Addictions is a well established studio located in Salem. Addictions II is located 45 minutes north in Beaverton (surburb of Portland). I have always wanted to have two studios but have not been able to figure out an effective way of monitoring both studios unless they are located one right on top of the other. A couple of months ago I was approached by friends who pierce and tattoo, their business practices and standards are similar to mine. They have a great track record in business ownership and management as well as being well respected in the industry. They wanted to use my name (Addictions) and the decor, to open a shop in Beaverton... I have no financial investment in this studio nor do I have to manage it. I will receive a monthy percent of their gross income and it will function much the same as a franchise... There is no risk to me and they get the benefit of having the name of a business already established. We will advertise that we have 2 locations in all ads in both Portland and Salem and we can split advertising expences for TV and radio spots that was unrealistically expensive for just one studio. It's really a win-win for all parties.
Here are some pictures of the new shop... it is scheduled to open in a few weeks. As you can see, there is still some work to do, but it's coming along nicely!
You can see the original Addictions HERE!

posted by addict @ 12:11 AM |

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