Heh...I made it home, I just havent't had time to formulate my little opus. Here we go...I'll start with a little background first:
It all started back when I was about 10 years old (1983 if you're counting). I had begun collecting comics a couple of years earlier after a few friends had introduced me to the hobby. Obviously, I was hooked.
I had amassed a few good comics (X-Men 102-110, etc), and decided to sell a few (I was young, wasn't sure I still wanted to collect, etc). I called a number I found in the classifieds in the local paper and made an appointment (with my mother's consent) to have my books looked at as the person on the other end of the line was interested in what I had. This person proceeded to purchase the books from me at quite a low price, using the somewhat dubious tactic of making me feel bad about him having come all the way down to see the books, etc (I remember it all SO very clearly).
This was my first encounter with Gerry Ross.
Fast forward about 6 years; I was 15. My Grandmother had just passed away and my mother had just left her job. In the 6 years between, I had continued collecting comics and was a client of one of the 1,000,000 Comix stores. I had seen the ads around (in the #18 Overstreet, etc) offering comic store franchises...and the franchisor was local!
I talked to my Mom about this opportunity, and we decided to look seriously into the idea as she also liked the idea of being a small business owner. She had some extra money at the time (death in the family stuff). We called up Mr. Ross.
After a few meetings, we settled on a franchise purchase deal (let's just say the initial outlay was somewhere between $10000 and $30000 and leave it at that), signed the papers (without consulting a lawyer or becoming incorporated ) and started getting the location prepared.
The initial deal consisted of the complete store setup (shelving, bins, counters, painting the shop, the big point-of-sale register previously mentioned, etc), complete instant inventory (back issue and initial wall selection...all of a specific value that I do not remember), access at significant discount to his main inventory of back issues to sell to clients looking for specific issues, group advertising, and 50% discount on new comics.
The store setup began. The bins and shelving were being built inside the shop, and all the walls were painted fire engine red. Grey industrial carpeting over the 1000 square foot store. After the bins were done, the back issue stock arrived...some 30-odd long boxes of back issues. Not bagged or boarded. I got on the phone and asked a few of my high school friends to give us a hand bagging and boarding. Everyone came over, and we began bagging and bording thousands of books...in a freshly painted store...with freshly laid carpets...with plenty of carpet glue fumes floating around us. Let's just say that this was pretty much the "high" point of the story .
Everything done and put together, opening day came December 3rd, 1989. Things were going well...the Batman craze came (and went). Sales were good, things were okay. We were having trouble getting back issues from Gerry for clients, but we were managing.
Things then began to degenerate. We were ordering our new comics through the main store as per our agreement (not directly through the distributor). Besides new comics, we were getting no support at all from the "franchisor" as per our agreement. At this point, we had no choice but to threaten withholding franchise fees until the agreements were respected. This is when things really started getting interesting.
We were cut off from our new comic shipment. No warning...just no new comics. Back then, that was the majority of the store's income (remember the early 90's?). Luckily, I had a lot of good contacts with other LCSs and one shop really went way beyond the call of duty and piggybacked what we needed for our order on top of theirs that same week and for the following few weeks (Astro Books on St. Catherine St. here in Montreal...best shop in town from whom I've been buying all my new books from for years now) while we were forced to establish our own account while trting to figure out what the legal ramifications of all this was...
***end of Part 1
This has been a long post...digest this and I'll return (relatively) shortly and continue as the best (worst?) is yet to come...