Opening a department store would be sheer insanity and throwing your money down the drain. A single store can t compete with the Wal-Marts, Targets, Dollar Generals and other chains. They have so much more buying power than a one store operation, you would never be able to compete on price. And consumers don t care about personal service anymore, price is what matters.The product variety required in a department store would be almost impossible to manage in a store that small. You would have a lot of overhead administrative/office labor needed.
You ve got to crunch the numbers - If you were able to get 10% of townspeople to buy at your store - that s 850 new customers. How much would each customer have to spend for you to pay your overhead - including rental wages and advertising and stock? In order to get more than 10% of townspeople - you would have to offer better than other store terms, or offer something they couldn t buy elsewhere. (maybe dollar store?) Small prices big turnover. Balls in your park!
me , no i would not.you are asking a very big question with only giving us small info,have you exp freehold or leasecompetition250K would that cover stockfirst year you prob make a loss can you cover thatgood luck
not retail, especially in this economy. I would start one of the 100 home-based businesses I have dreamed up here recently out of my home.
No, too much of a risk and not enough people!!;-)
no, i would invest in bricks and mortar
