How Do You Calculate Start Up Costs For A Clothing Store?
Clothing stores are part of an enormous industry. Everyone needs clothing and everyone buys it. The problem is clothing stores are often expensive to open and complicated to run. Knowing the costs of a clothing store in advance can help with the decision to open one. Figure the cost of the physical space. This will largely depend on whether you buy or rent. Calculate the average costs for each in your area and compare them if you aren’t sure which to do. Calculate the approximate insurance costs. This will also depend on whether you buy or rent. All of the store inventory must be covered by insurance, as well as any equipment. The computers, cash registers, clothing racks, price guns, office equipment and more will have to be covered. In addition, a clothing store needs liability insurance to cover customer accidents. If you own the building, you will need insurance on the building itself. Find out the cost of your inventory. You will need to call the distributors of the clothing label
