My last local one - Fairview Video in Fairview Park, SA - has announced it’s closing down as well.
Went in there this afternoon. The store is apparently still profitable; I think it covers its operating expenses at least, but the owners have decided it’s time. They would prefer to sell it and keep it open of course, but there aren’t many potential business owners looking to invest in the video rental business these days.
I’ll admit, I seriously considered it. A profitable, still operating video store with a regular and diverse clientele? The last remaining rebranded Blockbuster in Adelaide? Where do I sign?
But it would, without a doubt, be a labour of love. You’d do it as something you enjoy. You’d need to downsize a little, reduce the floorspace and some of the overheads. Thinking longer term, perhaps diversify from being solely a video rental store and introduce other aspects of the business appealing to other niche demographics like pop culture, nostalgia and film aficionados as well.
Another one of those “if I had a couple o’ million dollars” kind of things. I’d buy it tomorrow if I did.
(Or a few thousand and a much bigger rec room. I’m already thinking about picking up some extra Blockbuster wall banners and fixtures.)