Is this a stupid idea?
pizzafrenchfries · 11/03/2017 00:07
How easy is it to setup a shop?
My dream is to set up a baby clothes/ toys shop- we live in a fairly affluent town but there is a dearth of shops like the one I imagine!
Is it really stupid to think it's possible? I would try online but I really think our area is missing what I'm envisioning so it might be easier to make it work by having a physical shop front!
My background is in web design/marketing and my dh works in retail...
I've found a cheap shop to Rent i just need the push to go for it!
beachbodyunready · 11/03/2017 00:12
Check out the rates - the rent could be artificially low just to get a tenant and the rates could be tens of thousands of pounds a year. I work in this field and see so many shops open and fold within 2 years due to the fact that the tenant hasn't factored in what a burden the rates could be. My advice would be to get the smallest possible shop up you can and try and get one with a rateable value of less that £6k so that no rates are payable.
pizzafrenchfries · 11/03/2017 00:17
Thank you! The rates are 4000 (it's quite a small unit but I thought small would be better as wouldn't need loads of stock to fill it?
beachbodyunready · 12/03/2017 19:08
Small is good for a start up, but £4000 per year is a lot, don't forget the rates are payable regardless of how much you sell.
Astro55 · 12/03/2017 19:12
Can you start at baby shows or garble top sales - eBay etc and generate some interest?
What's your unique selling point? Quality secondhand or new? Expensive new or unique or basic?
NSEA · 12/03/2017 19:14
I say go for it!!
Sounds interesting and if you think that you are filling a gap in the market then have faith in yourself.
Another possibility could be to find the local Facebook group in your area, especially a parents and baby page and pose the question on there.
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