Thrift shop business plan
Consequently, if you are looking to become an entrepreneur and do not have an inkling about how or what to start; then you may look at starting a thrift store. Thrift stores are a great way to make you do not know what a thrift store is, then here is what it is all about. A thrift store has to do with selling used stuff at a rate that is still competitive. However, it is important that you note that you must have a thrift store business plan and work hard to make your thrift store a huge success. The profit level at which you attain largely depends on the way you decide to run your business. Here below are those pertinent steps that would help you build your thrift store to profitability. Study about thrift storesit wouldn’t make any sense if you decided to start a thrift store and you embarked on it without a thorough foundation. This means that you have got to study all that you could possibly lay your hands on about thrift would be able to find loads of information on the internet. You may also consider spreading your tentacles by reading books on thrift store business and how they are run. See things for yourself if you already know someone who is in this line of business, then you may want to ask that you go to the shop to see things for yourself.
Business plan for thrift store
This would be a good step that would help you make an informed decision about your thrift store business in the long run. Here you would have the opportunity to get hands- on details on how much you can start your thrift store with, where you can look to start the business in, the kind of people who may be in need of this used merchandise and so on. Register your businessif you are looking to start this business on a small note for now, then you may want to consider just starting from the comfort of your house. On the other hand, if you are starting away from home and hope to get some used merchandise from the corporate world, then it is important that you go to the chamber of commerce or the corporate affairs authority office in your country to get all paper work your thrift store would be run for and by a charity, rather than for profit, the licensing and registration may differ. If on the other hand you choose to start away from home then a shop would do. Do ensure that your thrift store is located in a busy place where you can attract all and sundry. Decide on the type of merchandize most thrift stores can offer all sorts of products from baby clothing, adult clothing, to baby furniture. A thrift store could specialize on one kind of products- which may be used electronics for instance. This is because like other business, you would need to let potential customers into what you do. Also, to a very large extent, you would need a website where you can as well blog of issues and the business you do.
Business plan for a thrift store
So, you have to figure out what works best for you so that you do miss out on the deals your clients has to , you see that starting a thrift store is no big deal as such. 27,292+ people have started a business using our ideaswe promise never to share your email with anyone more on retail how to start a dollar store how to start a swap meet company how to start a coupon clipping business how to start a custom lanyards business how to start a flea video is queuequeuewatch next video is to start a internet thrift store business plan - using the internet cribe from onlinetakeover? Please try again rd youtube autoplay is enabled, a suggested video will automatically play thrift store haul + try on | britt to start your own thrift store - your starting how to make ridiculous amounts of money going to thrift much does it cost to open a thrift store? For-profit thrift t mistake thrift store owners make (why thrift stores close down after first year). Your ebay business with thrift store g a thrift store - to start a thrift store that will ng a thrift store haul video - * make money buying and selling used items* !! To finish your business plan in 1 a thrift store a good business to start - learn to start buy sell trade resale store update- open 1 week. In to add this to watch video is queuequeuewatch next video is to start a internet thrift store business plan - using the internet cribe from onlinetakeover? Your ebay business with thrift store g a thrift store - to start a thrift store that will ng a thrift to finish your business plan in 1 store haul video - * make money buying and selling used items* !! To start buy sell trade resale a thrift store a good business to start - learn store update- open 1 week. To start a thrift store that will ng your ebay business with thrift store g a thrift store - to finish your business plan in 1 ng a thrift to start buy sell trade resale a thrift store a good business to start - learn store haul video - * make money buying and selling used items* !!
Here is where the money to write a great business thrift store in progress, lots of work to do! Money - last updated november 17, 69 tweet7 pin231 emailshares 307the last few weeks i’ve been thinking a lot about opening up my own antique/thrift store some time in the near future. We drove by this awesomely old house for sale in this quaint little town, and on the property right next to it was a barn converted into some sort of antique shop. Own an old home in the countryside and then set up shop 10 feet away with your own store? I’d been going to yard sales and flea markets like crazy lately, and every time i stepped into one of them the idea of owning my own shop would pop right back into memory again. Especially this last friday when i came across some killer deals at our local thrift store. But i kept thinking that if i had my own shop i could totally scoop ’em up and then double – or even triple – the price to flip a profit! Kinda like how i did before blogging full-time: i’d wake up some work days and pretend all i had to do that day was blog and keep up with the business to gauge how i’d truly feel about it. I had told him it had been years since i’ve collected these kinds of things myself, but i want to “get back into the game” now, and i was kinda sorta thinking of opening up my own shop in the future. He was literally selling his kid’s artwork they had made 20 years when they were 5 :) only this guy didn’t set up shop on his front lawn all year long like in the movies.
This is what he shared with me:He hits up all local hits up as many yard sales, flea markets and thrift stores as he can (buying and selling). Partners up with other dealers looking for certain items and then goes searching for researches all values online, and then compares them to things up for sale on ebay to get a better idea on how much they’re worth on the free he tells everyone to come to him first when they’re looking to sell something – even if they think it’s crap – because there’s a good chance he could find a buyer for pretty much he shops all week to get enough inventory going, all the while grabbing the best deals before any others can get to them. You need to get , i’m in a totally different place than this guy who’s officially retired and running his business halfway to keep busy and halfway to strike it rich, but, it also doesn’t seem that far fetched either. Well, that and having some good business sense :) but i’d like to think i’m somewhat above average in that department with my track record? In particular, i googled “how to start a thrift store” to see what that would result. Here were a few of the things that i hadn’t really considered yet, even though they totally make sense:You need a business need a license for the business, and probably insurance need to find a location visible to both foot and car traffic, which is also affordable! I don’t know anything about owning retail shops, what the hell am i thinking?? Haha… it’s amazing how things change the moment you start getting more serious and do a little atives to starting a shop from scratch. Especially since i haven’t dipped my toes outside of doing a little shopping here and there (or again, having any experience whatsoever managing a retail store! All of this to say i started thinking of opening up my own antiques/thrift store, but i still have a long way to go if i ever want to make it a reality.
So i’ll continue learning and giving it more thought over the next few years as time passes, and in the meantime i’ll keep doing what i know best: finding good deals for myself and dreaming up the next venture :) i already pretend i own my own shop anyways, so at least i’ve got the fun part down! I used to work in a clothing thrift store and as you know, my old boss made a ton of 9, 2012 at 8:35 this is something you want to pursue, i think you should do a booth at an antiques store to start out. 8, 2017 at 8:44 you tell me where is this town with 17 thrift shops so i can visit to shop thank 9, 2012 at 8:40 interesting idea. I recently wrote an post on 5 businesses you can start for $50 or less and starting an ebay store was one of them. I do have a couple ideas that i plan on following up on once i am debt free and have enough capital to pull it off. Don’t see the appeal at all but my father owns a thrift-like store in utah and it’s been very successful for him. As a newcomer when you’re competing against others who’ve been in the business for 20-30 even 50 years! I’ve read a ton of blogs where that’s the entire business — sometimes internet and actual location, others just internet. You don’t want to miss the early years of your kid(s) life because you’re spending all your time running a small 9, 2012 at 1:04 sounds like a lot of work indeed but i’d shop at your thrift store! Think it could be fun to open a thrift store up, but i also don’t think it would be easy.
And when you don’t have customers in the shop, you can be selling stuff on ebay and/or working on your other online businesses. Sounds like the perfect gig for 9, 2012 at 1:27 to start a business: find a need and fill like scouring yard sales and thrift stores for undervalued items. As you said, one of the problems of running an antique/thrift shop is manning the shop yet needing to get new things to stock the store. You could get your business license and operate as a supplier, start learning the ins and outs of accounting and management. Once the little man comes out, you’ll have your biggest and most fulfilling project 9, 2012 at 9:10 ’t let the lack of a business plan stop you! Same with business insurance and the license, both should have minimal costs (i’d personally form an llc as well). Out with the best of both world by setting up shop at a flea market on the weekends, that way you’re not tied down to a store during the week thus freeing up that time for buying and taking care of little baby $, and you still get to connect face to face with people! Seriously, i found a mid-century buffet for my thrift diving blog, which i was going to paint, but decided to see if i could turn it out for a profit, selling it as i bought it: unpainted and in perfect condition. It was just a tester piece of furniture for me, and it proved that i could find aweso thrift deals and resell. Check out my thrift diving blog to see a 10, 2012 at 12:25 , not to mention, i also went to the thrift store on a day they were having a phat deal, and ended up walking away with a buffet that i got for free, that they had out on the floor, marked for $60!
Who knows, maybe with your blogging skills you’d make an excellent thrift store owner? Since you already have an online store, you can simply add these antique products to your store, or maybe create a new one for the thrift shop. Would definitely try online sales and then if that worked out, maybe buy an existing thrift store so it has a customer base built mentioned finding a working 1940 singer machine. Who knows if i’ll ever do it though – i got talking to a vintage clothes shop owner recently who was considering closing and just selling her stuff online. I’ve been hanging out a lot lately with my consignment shop friends and i have my days where i’m completely sold on the idea of starting my own, and then not even wanting to touch it – haha… it’s def. You’ll have to let me know if you get closer to making it a reality :) i’m trying out consigning and buying/selling at yard sales and thrift stores to get my toes wet still, and so far so fun! I think she runs most of her shop as consignment, but i know she loves what she does. I don’t know much about that industry, but seems like it’s not as liquid as, say, flipping silver or gold where plenty of places will buy it from you :( maybe you can connect with a business that can use a lot of it? I am currently a stay at home mom of three who is obsessed with finding deals at the thrift store! So just recently i told my husband i wanted to open a thrift store to supplement his income (which we totally need).
Yes – there is a looooot to think about when opening up your own thrift store/shop for sure. It’s a business after all so you really have to have the right mindset and expectations when going that route. That would seem to be the main expense, other than the purchasing of all the items to have enough to *open* the shop in the first 15, 2013 at 3:29 was fun to read. Depressing, too, since the reason i was reading it was an effort to find out about starting my own thrift store, and what i read pretty much warned me not to do it. I am in the process of researching and putting into action my opening of a thrift store. It doesn’t take a lot of money…i do not plan on giving up my day job…i love it and still have bills to pay. Lot of people keep equating flea markets , garage sales and thrift stores with antique shops. Do appreciate thrift shops, but the number that stumble on true antique items is really limited. Am all for more collectibles and thrift shops but call them what they 5, 2014 at 2:25 point :) you’re definitely right – there’s some sharp distinctions between a lot of these phrases being passed around, and i’m just as guilty as using them incorrectly. I still find and sell stuff on craigslist for thrills and a little money, but alas this thrift store dream will remain just that – something fun to think about every now and then.
M only 14 and i have been wondering if i should do a thrift gave me some good er 16, 2014 at 9:18 , i’m glad! And i’m impressed that you’re thinking about being a business owner at only 14 too :) whether it’s this, or something else, running your own show can be incredibly rewarding. Time to price every individual item, time to keep your store neat and clean, time to sell your business to the community, time to promote sales and special events, time to …. Very good thing to know, yes :) i’m glad you’re sharing this with us here too as anyone who hasn’t run a business before (whether in this line of work or another) surely needs to know about the time factor. I too as many apparently out there, have been dreaming about opening a thrift store. But just this past weekend i visited a cute thrift store located in a nice area. I hit it off with the owner who is a high spirited 70 year old lady and she wants to sell the business to me for 10k. I live an hour and half away, but thought about making my own hours and close shop earlier to be home with my family or i can hire a part time person to close for me. Whether thrift store related or any other type of storefront, a business is a business and requires all kinds of effort and avenues than just the fun parts you and me and others like :) (you have to market stuff, source stuff, deal with inventory, accounting (yuck), office management, staff management if you go that route, and on and on.. Or at least giving up nights and weekends to manage everything (even if the store’s closed there’s still business-stuff to do).
Another route is to find a business partner to share responsibility/profit/loss with, but that’s also a tricky one (though do-able, obviously). Just remember that no one will care about the business as much as you though, even if you have staff. And the reason i know all this is because i run multiple sites online and have been self-employed for 4 years running this as a business. 5, 2015 at 3:52 everyone thinking about starting one or any business, just do the thing you wanna do, period. You’re not gonna get it right the first time, or second or third… failure is necessary to be successful in any business venture and in life itself. But even better if you have a plan and some cash stashed before jumping all in. Not everyone’s cut out to be a business 25, 2015 at 3:16 sly i found this article in my own pursuit to open a thrift/consignment shop…. And i am a thrift store, second hand shop, garage sale, estate sale shopper on weekends and weekdays if work allows it. I don’t know if i’ll ever own a store but making your house look great with thrift store finds is becoming my specialty and i am very proud of myself for being different and trying out different things with my “trinkets” . My husband just told me last night, if that’s something i really want, i should start building up a business plan.
I agree having an online shop definitely makes business easier, but never forget, anything history may not be written on books. Having a brick and mortar shop allows you to talk to people and often time you see and learn new things. I’m not the most social person but a antique shop is more than just a business but a gate way for the present to meet the past. Pros and cons in either direction, but sounds like you’ve found the one that’ll work best for you/your personality :) i bet one day i open up some sort of in-person one too once i’m settled in an area for a long time and start prying myself away from online business, haha… it’ll be nice to get back to real life people again :).