Oriental carpet stores are interesting businesses. I always wondered how they stayed open until I met someone whose family has been in the business for several generations.
Individual sales are in the thousands, so they operate more like high-end jewelry stores than a "normal" business. One sale a day is minimum 250K/year.
The store itself seems to be more of just a show room. There are other sales routes too. Selling into hotels would be an example. There are also maintenance services, so a high end rug in some sense can be seen as a recurring revenue source.
Individual sales are in the thousands, so they operate more like high-end jewelry stores than a "normal" business. One sale a day is minimum 250K/year.
The store itself seems to be more of just a show room. There are other sales routes too. Selling into hotels would be an example. There are also maintenance services, so a high end rug in some sense can be seen as a recurring revenue source.
It's a interesting little corner.