How Much Does It Cost To Open A Small Store

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How Much Does It Cost To Open A Small Store
How Much Does It Cost To Open A Small Store

Video: How Much Does It Cost To Open A Small Store

Video: How Much Does It Cost To Open A Small Store
Video: How to Start a Retail Shop | Retail Business in India | Grocery Store business | Mini Mart 2024, April
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Opening a small store can generate profits, protect savings, and create jobs. However, without drawing up a business plan, calculating expenses "for the first time", your undertaking is doomed to failure.

How much does it cost to open a small store
How much does it cost to open a small store

The property

It is advisable to use the rental of real estate at the initial stage, because the business may not turn out to be profitable enough. If the lease fails, you reduce the risks - you can always terminate the lease. If you buy a premise, then you will have to look for a tenant for a long time (as is often the case with commercial real estate).

The cost of renting commercial visits is purely individual. The price depends on the city, region, cross-country ability, neighbors. It can even be influenced by the character of the owner. You can find a number of interesting offers yourself on the Olx and Avito services. You can also use the services of real estate agents. They will have to pay a monthly rental price, but they can get the most "tasty" retail space at an attractive price. In a provincial city, you can find small areas for 10 thousand rubles a month, areas in shopping centers are much more expensive (from 100 thousand).

Interior

The cost of furnishing the interior may seem overkill when renting a room with a good finish. However, it is the design of the store that distinguishes it from all the others, it is the corporate identity that makes regular visitors find their way to the store again and again. Basic expenses: tables, counters, cash desks, flooring. On average, repair costs can be considered equal to the cost of one month of rent.

Who is selling? What is selling?

A varied assortment is costly. Note that the assortment of a newly opened pharmacy should be complete, including all the variety of medicinal products. Shoe, tea shop can afford to trade in the most demanded goods. You have to pay for the assortment, because the goods take up space, participate in the accounting, you need to buy them, not knowing when they are actually needed.

Vendor fees are a major fixed cost. Usually, shopkeepers are faced with a common question: whether to hire a ready-made salesperson or train them on their own. If you manage to find a good salesperson, he is almost guaranteed to be able to "recoup" his salary and bring you a profit. The seller's salary can range from 20 to 50 thousand rubles (depending on his skills).

Additional expenses

Once a quarter, you have to submit tax financial statements. Tax laws are regularly updated, and you need to monitor the work of the store. Therefore, the best way out of the situation is to hire an accountant.

Shop advertising also does not tolerate savings. In addition to signs and advertisements in mass media, it will be important to use non-standard sources and conduct a marketing campaign.

You must ensure the comfort of each of your visitors. A hot / cold water cooler is an additional cost item but can influence the buyer's decision. Sweets, coffee, handouts, celebrations - all of these cost money, but can pay off because of the customer's disposition, customer loyalty.

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