See where else to shop for crafting, art, and DIY supplies now that JOANN craft stores are officially closing.

The investment required to start an art supply store will be in the range of $25,000. However, the profit potential is very good as art supplies are often marked up 100 percent or more.

(We’ll also let you in on some hidden gems.) When I was a boy, my sister and I used to beg my mom to buy us new art and classroom supplies before each school year. New college-ruled notebooks ...