starting your ow tack shop...

[ldlp111]

just out of interesthow much do you think this would cost for stock? and where do you buy it from at wholesale prices? from the manufacturers themselves??

thanks

 

[JanetGeorge]

just out of interesthow much do you think this would cost for stock? and where do you buy it from at wholesale prices? from the manufacturers themselves??

thanks

A lot! I know someone who was planning to do it but discovered that BASIC stock would start at £100,000+ The big manufacturers normally won't deal with the small shops - they have minimum order values often well in excess of £5,000! So you have to buy from a wholesaler - who has to add HIS margin onto the manufacturer's cost. And you face enormous competition from the Online shops and E-bayers.

 

[Bosworth]

Don't do it - I set my own up in 2003 - I put in over £100k of stuff, I had a large sucessful shop - until I got divorced. but then I needed more money to take it online, but the margins were low and I found I was basically providing a shop window for the ebay retailers, who pay no rates, no insurance etc. so I decided it was far more financially sensible to close shop, and clear all my stock on ebay. and it worked. I would not bother again, retailing is a mugs game when people come in check out the stock, find out prices then buy online cheaper and the shops cannot compete.