KITE SHOP NYC HOW TO

“Bankers love charts, and so we worked up quite a presentation,” Mrs. To do so they took a college course in managerial accounting.

KITE SHOP NYC HOW TO

The Skwareks had to learn how to do their prework with the banks, they said. “But I have the feeling that banks just don't take kites very seriously, They don't think of kites as a viable business.” “I don't remember exactly why they wouldn't give us more,” she said. “We tried three different times,” Mrs Skwarek recalled. The Skwareks' summer store in Vineyard Haven on Martha's Vineyard has opened for the fifth consecutive year, and last month another Go Fly a Kite started operations in Southhampton, L.I., on Job Lane. Kite Day is a nine‐yearold event sponsored by Boston's Committee for Clean Air. “We figured we would have to do about $300 a day to break even, and we were running quite a bit above that.” On Kite Day in Boston early in May their store did more than $2,000 that day alone. “When we got the first week's results, we were delighted,” said Mrs.

In April, they opened a new store on Newberry Street in Boston. Those who do in a small business are deluding themselves,” he said. We never think of taking profits out of the business. “When we have a profit, we plow it right back into the business. Skwarek, a quiet‐spoken and informal figure. Mark and Andrea, the company's president, agree that their enterprise has to keep growing to stay alive.Īt present, Go Fly a Kite occupies two floors in a four‐story building where they pay $1,770 a month in rent. This year, the Skwareks say that about 80 percent of their business will be wholesale to department stores here and in other major cities. Their kite business is more than lust retailing, however. Custom‐built kites -such as kites built for meteorology -cost as much as $1,000. They range in price from a plastic delta‐winged kite for $1.29 to $14 cloth kites that stand six feet tall. Go Fly a Kite carries as many as 300 different models. Three years before, the business grossed only $90,000 and profits were less than $10,000. The year before, sales at Go Fly a Kite were $320,000 and profits about $15,000. Their sales gain for fiscal 1976 was better than 50 percent. The Skwareks each draw a $300 weekly salary before profits are calculated. Profits for the year came to $35,000, he estimated.

That meant that about 200,000 kites were sold at an average of $2.50 each. Mark Skwarek, vice president of Go Fly a Kite, is reluctant to disclose exact figures but said that sales for the fiscal year ended last Aug. But unlike many others, Go Fly a Kite is clearly getting off the ground. Like many other small businesses, Go Fly a Kite seems to live from hand to mouth and is chronically undercapitalized. Like most small entrepreneurs, the Skwareks, who own all the shares in their 11‐year‐old company, spend 10 to 12 hours a day nurturing their business.

Kite shop nyc