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Train Shop - SacramentoUnofficial story: Walmart wanted to open a Walmart market in the same strip mall. Owner of the strip mall increased the rent prices and Train Shop wasn't able to pay the new prices. Announcement about closing was almost three years ago: Aug 14, 2012. Closed about a month later.I also think that the owner was ready to retire and saw the writing on the wall. Train Shop was a great store and is missed.
Friend of mine worked at Nicky Smith's outside Phila. He endured that process continually. Customer finally begins to talk price and many times walks away proclaiming it can be purchased on the 'net for much less. He agrees with them then points out it isn't unusual for engines to not perform to expectations. (If the customer buys from the store, the engine is test run before ringing the sale.) "Try returning it to your internet seller" he tells them. And some have the brass cojones to buy from the 'net and if it doesn't work, bring it to the store for a fix.
Loved the original, often planned longer layovers at LAX and take a cab over.I recall the original owner posting the sale notice on Train Board about ten years ago. His blurb said the shop had averaged $3M in sales over the last XX years. I wondered if it was declining, as in $2.5M in the most recent years, etc. He answered a bit angrily and said it was constant. Either way, that was a LOT for an LHS to sell, and still is. Not sure what the final terms were, or if the norms applied (greater of one year revenue or 3X average profit) Was said to see an iconic place change hands, move across the street, and become basically another LHS, pretty good, but not worth laying over for any more.
Don't know if it's iconic.... but if ever in San Diego do stop in to the Frank the Train Man / JA Cooley Museum.