Professional crafters and home hobbyists share many things, but their love for a great deal on supplies supersedes them all.

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.

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

While this chapter closes, the journey was a great one, and we will be forever grateful,” said the CEO. You still have time to go get another round of art supplies.

If you have a closet full of art and craft supplies your kids no longer use—whether they've graduated or moved onto other hobbies—don't toss it all in the trash.