Yep, I'd contact wholesale distributors before jumping in with both feet..
We recently had LQS close.. but this week... a new shop opened in the same location... Color me tickled!!! and she has a MUCH better selection.. she actually has some bright fabrics. and she was telling me some of her plans for the shop.. sounds WONDERFUL!!
One bit of advice I'd offer.. it's nice to stock what you love.. but remember, not everyone is going to have your same taste.. that was one problem with the other shop.. only bought what SHE liked.... ICK!!!