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Corbins in Buffalo Grove is closing

7 years 10 months ago #31119 by mikeg2929
The best way to end up with a small fortune in the fish / pets business? 


Start with a large fortune.

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7 years 10 months ago #31096 by Vipertek
Father inlaw cut off the money. Too much loss. There marriage is also on the rocks.

Something fishy around here

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7 years 10 months ago #31094 by Vipertek
They are both gone now, got some great deals though. 75-90% off every thing, I scooped up as much as i could.

Something fishy around here

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7 years 10 months ago #31090 by dragonkeeper
I talked to Mark and Jen before they closed and there were many factors. Mike mentioned a lot of the problems.

My opinion... They got way to big, way to fast. Hard to support the growth they went thru on a few thousand dollars a day in sales. It also seemed that Mark had lost interest in the business.


DragonKeeper
~Retired President~

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7 years 10 months ago - 7 years 10 months ago #31089 by mikeg2929
I heard they were paying anywhere from 4 - 7k per month in rent.  That seems pretty impossible to sustain.  

I work with startups and screwups - they biggest reasons businesses fail

Undercapitalized - they cannot sustain themselves why they build critical mass
Bad real estate decisions - every turn around I have ever worked on had a *** real estate situation
No real understanding about the business they are in.

Unless you are selling saltwater fish and corals and massive amounts of pet supplies I dont think you have a chance in the pet industry in Chicago.  

The enemy is us.  How many of you know people with one tank?  You know, just a decoration, not a huge hobby?  I do not know anyone.  A few stores, offices and Dr.'s offices, perhaps, but no individuals.  We buy all our stuff online, etc.  No one shops for equipment anymore at stores.  They are all on their way out, IMO.
Last edit: 7 years 10 months ago by .

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7 years 10 months ago #31088 by Proteus
Anyone know the reason behind why they closed down? 


I didn't know until I made a pit stop down dundee road the other night to find out the hours and was surprised to see that they no longer were there.

I remember the rent was quite pricy when I first heard Tropical world pets was up for sale, the rent was the only thing stopping me from even bothering to try to make a business venture. Call me cheap as it just meant countless hours/sales just to make the rent.

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8 years 2 days ago #30782 by bloonguy
The Corbin's store in Marengo is closing on the August 31st. Currently 60% off everything.

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8 years 1 month ago #30501 by WhiteDevil

This is just a shame and hate facing this reality.  Not to get overly philosophical, but LFS make decisions based on demand and I hate to say it, but few meet the demands of a typical member of a cichlid club.  So indirectly, or ultimately, we help perpetuate their demise.  What do we (cichlid club membership) want?  Stock that is healthy, of quality, at a reasonable price, and varied in species selection, from common, to occasional, to rare.  But why can't we get that?

We (cichlid club membership) are just a slice of the buying public, and the general buyer's demand is narrowing what LFS can and will supply.  The number of hobbyists are on the decline as the next generation has more hobby/entertainment options available to them, moving fishkeeping further down "the list" such that fewer are exposed to it.  And since our President has taken over (not a slam, just a timing reference), the economy has forced decisions on both current and potential hobbyists, further wounding this hobby, and the role LFS's can play, enough so that I believe the damage is permanent.  I appreciate now more than I ever have in the past the importance of developing, cultivating relationships with all participants - from fellow club members, to other cichlid clubs, LFS owners, Big/Box managers, Internet sellers, and potential fishkeepers.

This is EXACTLY why my 6 year old son got the approval for a 15g tank to start him off with.  I do agree fully that having a friendly relationship with people can take things a long way. I still drive from elgin to kildeer to see a manager at petsmart who years ago helped me get back into the hobby after a 17 year break. Now I am a signature away from being a lonely fish keeper but I enjoy every minute of this hobby from the leaks to the fry and everything in between.  Yes I do have those technological toys here but they are MINE, I had to wait till I had made enough money and was OUT of school(high school) before I could by a gaming system, ill be darned if my kids wont be raised the same way. I get much more enjoyment from my fish then I do my war games.

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8 years 1 month ago #30452 by baldtaxguy
Replied by baldtaxguy on topic Corbins in Buffalo Grove is closing
This is just a shame and hate facing this reality.  Not to get overly philosophical, but LFS make decisions based on demand and I hate to say it, but few meet the demands of a typical member of a cichlid club.  So indirectly, or ultimately, we help perpetuate their demise.  What do we (cichlid club membership) want?  Stock that is healthy, of quality, at a reasonable price, and varied in species selection, from common, to occasional, to rare.  But why can't we get that?

We (cichlid club membership) are just a slice of the buying public, and the general buyer's demand is narrowing what LFS can and will supply.  The number of hobbyists are on the decline as the next generation has more hobby/entertainment options available to them, moving fishkeeping further down "the list" such that fewer are exposed to it.  And since our President has taken over (not a slam, just a timing reference), the economy has forced decisions on both current and potential hobbyists, further wounding this hobby, and the role LFS's can play, enough so that I believe the damage is permanent.  I appreciate now more than I ever have in the past the importance of developing, cultivating relationships with all participants - from fellow club members, to other cichlid clubs, LFS owners, Big/Box managers, Internet sellers, and potential fishkeepers.

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8 years 1 month ago #30449 by WhiteDevil
I got this yesterday about marengo


Corbin's Exotic Pets
Frog Logo

STORE CLOSING
After 5 years, it is time to close our doors.

Corbin's Exotic Pets Marengo will be closing on July 31st.

Big sales throughout the entire month.

20% Off Products
(excluding dog/cat food and feeders)

My close buddy works with a 1st relative of either the husband or wife of Corbin's and I was upset to not get a personal response back from them after sending them an email asking if this was all true, I had the tip since the end of may and I got the above in an email telling me they are closing.  Jennifer and Mark Corbin are good people, they do alot of the hobby but sometimes too much of a good thing can be too much of a good thing. I will miss their shops and their conversations that is for sure. I just hate giving money to big business and I had to this morning to get my frozen foods in the quantity I usually buy off the shelf from the Corbin's


I am going to take a drive to Marengo but not holding my breath on having fish I can keep with the others I already have.

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