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Tile shop profits and trade accounts
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[QUOTE="Middlesex Tiles, post: 872323, member: 48498"] Having recently done this I know exactly how much there is to think about. You can call manufacturers and distributors and try to find out what prices they will charge you for supply. You then need to know how much local (and internet) competition sell similar products for. Your prices, and therefore margins, will be largely dependent on these two factors. As for minimum investment . . . so many factors to consider. Rent + deposit of premises. Fit out costs. Professional fees. Equipment. Levels of stock holding. Insurance. Signage. Stationary. The list is very long . . . This is only the start of it though. Who is going to buy from you and why? The shop is unlikely to hit the ground running, therefore can you afford for the shop not to give you an income (possibly not even cover it's own costs) for 12 months? Start making a list, some phone calls and a business plan. [/QUOTE]
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