Whats the average day's takings in the London area of a small retail outlet/food outlet/other small,cash-based business?Are we talking £100's?
2006-09-01 20:42:04 · 12 answers · asked by Anonymous in Business & Finance ➔ Small Business
Location,Location, Location
This is the key to any retail business but the better the location the higher your overheads will be.
You must do market research before jumping in head first.
-Will the product I have sell ?
-Will it sell to the people passing through that area?
-How many units will I have to sell to cover my overheads?
-What is the competition like in the area?
-Is my offering different to my competitons?
-How can I make a marketing impact to let people know I am here?
-How much marketing is necessary and what is the cost
Answer these truthfully to your self and if your proposition still looks viable go for it but do it with Gusto no half hearted stuff
2006-09-01 21:08:39 · answer #1 · answered by philipscottbrooks 5 · 0⤊ 0⤋
It can dramatically vary from street to street, but so does the rent. In busier locations it is well into the hundreds, but at the other end it could be in the tens.
Basically pay a higher rent and earn more money. You should look at properties and see how the business's are doing on the same street and see if its viable.
2006-09-01 20:50:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
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2006-09-02 00:22:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It really depends where you are situated. It could be £100's or it could be £1000's. However your rent and business rates are likely to be in the thousands so make sure you've got a decent business plan.
2006-09-01 23:57:31 · answer #4 · answered by Crystal 3 · 0⤊ 0⤋
Business ? Risky move.
No, you are talking 1000's that may go into the drains if:
- Not business minded.
- Not allowing for financial risks.
- looking forwards to quick profit.
- Bad location.
- Big competition.
- drink your money.
Or eat plenty of Hamburger.
2006-09-01 20:50:06 · answer #5 · answered by shylock 2 · 0⤊ 0⤋
No Buying, No selling, Just Refering and Making Money
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2006-09-01 21:58:23 · answer #6 · answered by nagendra rai 2 · 0⤊ 0⤋
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Ken
2006-09-01 21:52:46 · answer #7 · answered by kenwoomk 2 · 0⤊ 0⤋
rent and rate london area would be roughly £15,000 min
2006-09-04 03:58:47 · answer #8 · answered by Anonymous · 0⤊ 0⤋
no yardstick really especially London its so varied and your experience would be the main prop
2006-09-01 23:46:42 · answer #9 · answered by srracvuee 7 · 0⤊ 0⤋
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2006-09-05 10:15:13 · answer #10 · answered by Anonymous · 0⤊ 0⤋