How much would it cost to open a small consignment store?

Question

I would want to deal with clothing, small appliances, some furniture, recreational stuff, jewelry, etc.
What would the costs be? How much minimum investment would you think I would need?

Answer 1

Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* Too Good to be Threw: The Complete Operations Manual for Resale & Consignment Shops by Kate Holmes
* Specialty Shop Retailing: How to Run Your Own Store Revised by Carol L. Schroeder
* How to Start and Run an eBay Consignment Business by Skip McGrath

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!