I need to know 3 things about operating a retail party-supply store (brick-n-mortar, not online). If you would, please share your knowledge or experience.
The store will be located in a primarily commercial area, so a lot of lunch & after-work business is expected. The building is a standard 20x50 suite (1000 square feet) with a small admin area in the back, leaving about 800sf of retail space. The inventory will be basics (solid-color paper plates, napkins, plastic table clothes, flatware, cups, etc) plus some specialty & seasonal.
I have everything worked out & plugged into the business plan's financials EXCEPT for the following:
- Initial (start-up) inventory costs
- Monthly inventory replenishment costs
- Average mark-up
With these 3 pieces of information, I can calculate monthly revenue, and finish the busines plan.
Thank you in advance...
PS: if you would rather, you can PM me the info.
Thread: Retail Party-Supply Store
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Retail Party-Supply Store –
03-25-2008,01:07 PM
"Well I guess they were wrong then, weren't they?" I-gor
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