Biggest markup you've seen at a LFS

Aquavaj

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Needed a large bottle of biospira asap so I stopped at a LFS that's on my way home. This goes for $12-16 online and I was expecting it to be around $20 but my jaw dropped when I saw it going for $35.

Their fish prices are reasonable so I guess insane markups on dry goods is how they make their money.
 
Not at the one I currently go to but I’ve seen “live rock” going for $18/lb. My LFS sold me mine at the time for $6/lb. and the base rock for $3/lb.
 
Most retail pricing models are around 100% markup from distributor pricing for drygoods, and 100-200% for live goods. If your LFS doesn't have "distributor pricing" on the Biospira then they are in a bit of a pickle. Either stick to their 100% markup, don't stock it at all, or stock it knowing there is little to no margin in it (thereby using up resources that could be spent stocking products that do make money). Personally, if it were my business, I would stock a limited amount and build in a smaller margin so that I was making "something" on it while still providing a benefit to customers (say $24ish).

With that in mind, many stores may not have actual "distributor" pricing structure, and are really getting a lesser "dealer discount" so their margins can start to get really skewed when compared to online pricing, which in some cases is already "dealer-type" pricing to the end user. This is why MAP, MSRP, and Manufacturer terms of distribution (no selling below MSRP, etc.) are critical in maintaining efficient sales structure.

Retailers need to constantly research pricing, otherwise they can end up looking foolish to their customer base and/or losing business (i.e. $35 Biospira that no one will buy).

-Ed
 
My lfs will price match so if I find something online cheaper he hooks it up even on Coral
 
There his this FS about an hour away from me, selling very fish at 800% markup. 1” blue tang is 350$, 1” Standard clown is 80$. Insane! I had to stop in for food as I was out of Rods food, I wanted one 6oz pack- 55$. They still have a lot of business though.
 
$5.99 for mollies that cost the LFS 7 cents each...

Was at a place in St. Louis some time back, guy was selling plugs with a few stems of pulsing xenia for $15 each, fresh broken 1-2" pieces of green Montipora Cap for $10... the kind of things you can get for free from any local club.

These kind of places are low volume. Without high markup, there won't be any LFS's anymore.
 
I know that my LFS is a bit higher then what I could buy online for, but I enjoy supporting their business, doesnt bother me spending the extra 10-20%.

I don't mind either especially if I need it right away but 100-200% mark up is a little tough to swallow.
 
I don't mind either especially if I need it right away but 100-200% mark up is a little tough to swallow.

Absolutely. I did just buy something which I felt like I cheated on my LFS with. I just got a new Hydra 26, BRS didnt charge me sales tax and were we are you get charged 3 seperate taxes which would have been an extra $40-50 on top of the $349 I was already paying.
 

IF YOU HAD TO TAKE A REEFING EXAM, WOULD YOU PASS?

  • Yes!

    Votes: 32 45.7%
  • Not yet, but I have one that I want to buy in mind!

    Votes: 9 12.9%
  • No.

    Votes: 26 37.1%
  • Other (please explain).

    Votes: 3 4.3%

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