Re: Opening a shop good move or bad?
Posted: 02 Feb 2014, 13:27
Charity shops are starting to think and trade like proper businesses - I see a few of them making themselves look more like boutique shops in how they're dressed, and buying in wholesale/trade crafts, nick-nacks and accessories to expand their quality and offer from just second hand clothes.
Obviously the margins are a lot higher on stock which is donated, but there is still money to be made on them trading bought in products like a normal shop too.
In terms of the recession, some areas were/are hit much worse then others. Where we are in the north east, the effects have been pretty dire, but when we were living in London (and still trading there up til Christmas just gone) there didn't really seem to be much affect at all in many areas, and our trading down there was up a few grand on last year.
This is my worry about opening a shop up here, yes there are some very cheap high street shops in this town, with zero rates to pay, but it's hard to guage what trade would be like - This used to be a thriving market town, in the middle of a rural area, where people from the surrounding areas - other smaller towns and villaes would come here for their main shopping. This doens't happen so much as they can order online and not venture out of the dale, and a new out of town shopping area 5 miles away with 3 supermarkets, and other outlets has sucked the town dry of shoppers, and some shops have upped sticks and moved out there - including M&S, and MacDonalds - still can't understand why MD's didn't stay here and open a new shop over there, as this high street must have been able to support a MDs!
The problem in this town is that as it was so thriving the main high street is very long, with a few other shopping area leading off it, unfortunately most of the units are empty, with the remaining open shops spread over too long an area to have any sort of critical mass of open shops.
Obviously the margins are a lot higher on stock which is donated, but there is still money to be made on them trading bought in products like a normal shop too.
In terms of the recession, some areas were/are hit much worse then others. Where we are in the north east, the effects have been pretty dire, but when we were living in London (and still trading there up til Christmas just gone) there didn't really seem to be much affect at all in many areas, and our trading down there was up a few grand on last year.
This is my worry about opening a shop up here, yes there are some very cheap high street shops in this town, with zero rates to pay, but it's hard to guage what trade would be like - This used to be a thriving market town, in the middle of a rural area, where people from the surrounding areas - other smaller towns and villaes would come here for their main shopping. This doens't happen so much as they can order online and not venture out of the dale, and a new out of town shopping area 5 miles away with 3 supermarkets, and other outlets has sucked the town dry of shoppers, and some shops have upped sticks and moved out there - including M&S, and MacDonalds - still can't understand why MD's didn't stay here and open a new shop over there, as this high street must have been able to support a MDs!
The problem in this town is that as it was so thriving the main high street is very long, with a few other shopping area leading off it, unfortunately most of the units are empty, with the remaining open shops spread over too long an area to have any sort of critical mass of open shops.