I will be opening a Thrift store for profit, will be selling used clothes, shoes, etc.
If you enjoy discount shopping or have a passion for vintage, retro, or high fashion items, a thrift store business could be for you. There are many directions for this business, but no matter what your focus, a strong business plan, quality inventory and great marketing skills are a must.
Create a business plan for your thrift store. Decide whether you will sell a variety of items, or focus on selling antiques, vintage furniture, used clothing or other items.
Consider whether your target market will be low-income families, affluent citizens in search of high-end vintage items or others. Visit or research other local thrift stores, determine who their target market is and whether they are meeting the needs of that market. Consider how you can differentiate your business from competitors through your inventory or prices.
Make a list of supplies and assess how much money you will need to get your store off the ground. Give your business a name that sends an attractive message to your target market and encourages them to shop with you. Incorporate what makes your store original into your name.
For example, if you will specialize in name-brand used clothing for less, try to get this idea into your business name. License and insure your business. Insure your merchandise against theft and damage, and take out liability coverage in case customers sustain any injuries while in your store.
Look for a great location.
Search for rental spaces in areas that get a lot of car and foot traffic, especially those in areas where your target market is likely to live or shop. Look for a spot that has large display windows to display attractive items.
Consider whether competing businesses are nearby: Many thrift shoppers like to shop at several stores per trip, but make sure your prices and offerings are in line with competitors if you open nearby.
Frequent yard sales, cheap thrift shops and estate sales to look for good deals on used items. Collect undamaged items from alleys and curbsides and fix them up before sale. Search online for wholesalers that may offer good deals on used clothing sold in bulk. Market your thrift store.
Create fliers and business cards to distribute to potential customers you meet. Include the types of items you sell and emphasize what makes your store original. Tack up fliers on local bulletin boards near retailers where your target market is likely to shop.
Plan a grand opening that will attract your clientele. Display a sign-up sheet where potential customers can sign up for your mailing list. Email customers on a regular basis with coupons or inventory updates.thrift store business plan sample pdf / doc A thrift store business is a business that involves the sale of mainly fairly used commodities and occasionally brand new goods.
Usually, this goods are sold at giveaway prices. "I found a format for a business plan and got some software where you punch in some financials and it does projections for you. So I did that, and I got a little presentation together." Thibault of Southwestern said Sarsfield explained in that meeting that there was a need for a thrift store in the area.
Non-Profit Thrift Store Business Plan – Executive Summary. Heart of Gold® Thrift Store, Inc.
is a standard and registered charitable organization that will operate a thrift store business in one of the busiest streets in Orlando, Florida.
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