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Does anyone have a retail shop / business premises?

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OTTO
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2009/07/29 21:23:00 (permalink)
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Does anyone have a retail shop / business premises?

How much does it cost to actually have a retail shop on town or on the outskirts of town? 

I was passing by town and wondering how some shops survive , by that I mean make enough to cover overheads, rates, tax, advertising, etc etc..

Some shops I passed that I was suprised at;

Is there really a big enough market to just be selling sewing machines?

a clothes shop targeted at Goths? - is this niche enough to be making a good living?

 a Car Light bulb shop, selling bulbs at 50p each, - even 100 customers per day is only £50? (break lights, head lights, etc etc)

Lizard / Reptile pet food

What is your views? does having a shop, no matter what you sell really guarantee you some custom?




#1

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    markfj
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    Re:Does anyone have a retail shop / business premises? 2009/07/29 21:56:50 (permalink)
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    no

    My mum owns a pet shop/dog grooming business

    The dog grooming business side of things is great, we ran a competitior out of business 6 months after we opened, the retail side, is slow... so the grooming is what makes the money
    #2
    OTTO
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    Re:Does anyone have a retail shop / business premises? 2009/07/29 22:23:44 (permalink)
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    come to think of it, if a shop was for lease for £400, you would only have to make £20 per day to cover the rent, then you have the other costs on top of course. But it does put into perspective.
    #3
    markfj
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    Re:Does anyone have a retail shop / business premises? 2009/07/29 22:25:13 (permalink)
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    depends on the shop

    when my mum opened her shop, to convert it from how it was to a dog groomer she had to spend around 30k, therefore taking loans, which have to be paid on top of all the other bills... so its not easy, as yo would expect
    #4
    Drago
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    Re:Does anyone have a retail shop / business premises? 2009/07/29 22:31:00 (permalink)
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    OTTO

    How much does it cost to actually have a retail shop on town or on the outskirts of town? 

    I was passing by town and wondering how some shops survive , by that I mean make enough to cover overheads, rates, tax, advertising, etc etc..

    Some shops I passed that I was suprised at;

    Is there really a big enough market to just be selling sewing machines?

    a clothes shop targeted at Goths? - is this niche enough to be making a good living? I'd say this is too niche to make a good living from

    a Car Light bulb shop, selling bulbs at 50p each, - even 100 customers per day is only £50? (break lights, head lights, etc etc)

    Lizard / Reptile pet food

    What is your views? does having a shop, no matter what you sell really guarantee you some custom?


    also i depends on Location,location location
    #5
    OTTO
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    Re:Does anyone have a retail shop / business premises? 2009/07/29 22:31:21 (permalink)
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    yeah, I skipped that part.

    I can understand shops which are providing a service which is in high demand will do well, maybe I just under-estimated the kind of thing that consumers will buy.

    For example a shop that sells penny sweets, if the average customer bought £1 worth of sweets, I would imagine that would be at the very very most 70-80pence profit

    Wheras a shop selling designer clothing has a bigger outlay, but a guaranted return of at least £20 per customer.

    But both business are paying the same ( I assume ) as they are in the town centre
    #6
    Drago
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    Re:Does anyone have a retail shop / business premises? 2009/07/29 22:36:57 (permalink)
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    not sure on how much they would be paying,

    it would depend on the length of the lease- ie how old it is- there was a place in the town here that was apparantly signed up for a 99yr lease on something ridiculous like 1 quid a month (long gone now btw)

    Also who they are leasing it from- landlords in the city centre (pre credit crunch at least) had people lining up to rent the premises and could charge astronomical rates - again nearby one particular land lord has caused a furore by increaring his rates by 47% across the board (odd number I know)

    On another note- I didn't know you could get penny sweets anymore
    #7
    OTTO
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    Re:Does anyone have a retail shop / business premises? 2009/07/29 22:47:41 (permalink)
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    Drago 


    On another note- I didn't know you could get penny sweets anymore


    lol it was just an example relating to the car light bulb shop, but they do have sweet shops on the market, although I would imagine that would be a lot cheaper to run a stall in a Market.
     
    Another example, is a catering van (butty stop that serves bacon / egg / sausage / spuds etc... ) on a busy patch of road, usually near a motorway
     
    The one I went to recently had 4 people behind the hatch ,  so even if they were all on minimum wage and getting just £150 a week each, - that is £2,400 blown on wages per month.
     
    If you have something, anything and it is in the right place, I beleive it will work?
    #8
    Wheels
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    Re:Does anyone have a retail shop / business premises? 2009/07/29 22:52:48 (permalink)
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    There was a thread on burger vans not so long ago.  With the right spot you can make a good living.  Getting the right spot is, however, no easy matter.
    #9
    tac
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    Re:Does anyone have a retail shop / business premises? 2009/07/29 23:06:12 (permalink)
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    Wheels

    There was a thread on burger vans not so long ago.  With the right spot you can make a good living.  Getting the right spot is, however, no easy matter.


    with the right spot you can make a bloody fortune.....


    #10
    OTTO
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    Re:Does anyone have a retail shop / business premises? 2009/07/29 23:08:55 (permalink)
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    its getting that spot, I beleive the spot outside everton was sold for £15k . Not sure if there is any truth behind it, but it does seem feesable
    #11
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