Dear Friend,
'How much does it cost to start a mall cart business?'
One of the big advantages of a mall cart business is that
the start-up costs are extremely low compared with many
traditional businesses.
You can often be up and running for a fraction of what it
would cost to start-up a franchise, or a standard brick and
mortar store.
Typically there are three major expenses you incur when
starting up your cart:
a) Rent; b) Inventory; and c) Miscellaneous Expenses.
There is another major expense you incur AFTER you
are open. That's your staffing. This expense is mainly
incurred after you are open. Not at start-up.
Here is what you can expect from these three major expenses
at start-up.
***
1) Starting Inventory.
A typical starting inventory might run you $5K, give or
take a few thousand... depending on the product.
You generally need enough inventory to stock your cart, and see you through the first couple of weeks of sales.
Sometimes you can get by with less when you first
open... if you are on a shoestring budget. But you are
best off having on hand what you need.
***
2) Rent and Security Deposit.
Your mall will typically ask you for a security deposit
and first month's rent before you open for business.
The security deposit might range anywhere from $500
to a few thousand dollars.
The actual rent is entirely dependent upon the mall. A
month's rent - January through October - can range from
$1000 to $4000 per month.
Holiday rents are generally much higher. If you are opening
for the holidays, you'll need to plan for higher expense.
***
3) Miscellaneous Costs.
This covers everything else you need to start up...
For example... the expense incurred to create and build a
display for your cart. A cash register and credit card machine.
Phone line and insurance. Advertising for staff. Shopping bags.
Basic office supplies.
A few thousand dollars is generally sufficient to cover these
expenses - unless the circumstances are extra-ordinary.
It's also helpful to have some extra cash on hand to cover
expenses you might incur during the first few weeks you
are open.
***
Have you been thinking about starting your own mall cart
business?
For $15K or less - perhaps just a little more during the
holidays - you can get started with your own mall cart
business.
Of course... what you do with your profits are up to you!
***
Are you looking for a product to sell? Be sure to register
for my Product Profile Email List. You'll receive occasional
profiles of proven sellers via email. Register here:
http://www.kioskexpert.com/cmd.asp?ad=280489
***
Best,
Brady Flower
P.S. Just a reminder that you can get a copy of the 2006
Retail Resource Guide for only $59. That's $120 off the
original price. Get your copy today:
http://www.kioskexpert.com/2006rrg.htm
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