What are the calculations before opening a store? An entrepreneur should draw up a business plan for a sports nutrition store, allowing him to understand how much money he needs to invest at the start. In addition, it will be necessary to know how profitable the activity will be, as well as the amount of monthly expenses. Let’s calculate the amount of one-time investment for opening a store, which includes:
- rent of the area (minimum for 6 months);
- repair work;
- purchase of equipment;
- purchase of the first batch of products;
- advertising campaign;
- registration of documents;
- other expenses.
Mandatory monthly payments:
- Salaries of employees;
- Tax deductions;
- Utility payments.
It should be taken into account that it is necessary to spend a certain amount for the purchase of goods. It depends on the sales volume of the store, the number of regular customers and trade margin, which is usually about 50-60% for each category of goods.
The cash flow of a promoted sports nutrition store brings in at least $500 per day. As the customer base and the scale of the business, earnings will increase significantly. To summarize, we note that the content of the store selling sports nutrition is a promising line of business, which can be scaled up, increasing the customer base correctly thought-out marketing. Before you start, you should conduct a qualitative analysis of the market of competitors in your city, to assess the disadvantages and advantages of their work to successfully occupy your niche.