How Much Does it Cost to Open a Dollar Store?

Many people think that it does not cost a lot of money to open a
dollar store because the items sold are quite cheap.  This is certainly
not the case since it can be quite costly to open one of these stores. 
Keep reading to learn about some of the expenses you can expect to
incur.

One of the major things you will have to pay for when you
start a dollar store is the lease for the building.  This will depend on
many factors such as location, surrounding businesses, and size. 
Obviously, the larger the building, the more you will likely have to pay
every month.  Do not forget the monthly utilities such as electricity,
phone and water too.

You will also need to buy the products you
will be selling when you start a dollar store.  The size of the building
will determine how many items you need to have on hand.  You will need
to buy a wide variety of items in addition to the core products that
everyone needs.

When planning to open a dollar store, you will
also need to take into account all of the equipment you need to operate
your business.  This includes cash registers, phones, pallet jack, hand
trucks, and office equipment.  You will also need to purchase fixtures
and shelves to accommodate the products.

One of your largest
recurring expenses each month will be for your employees.  Your highest
paid employee will be the manager.  However, you can cut out this
expense entirely by managing the store yourself.

There will be
plenty of other jobs which need to be done around the store, and you
will not be able to do everything yourself.  Therefore, when you start a
dollar store you will also need to hire employees to work the
registers, stock shelves, as well as unload deliveries.

Many
business owners make the mistake of trying to start a dollar store
without enough capital to work with.  It is vital for you to always plan
for tough times since you never know what is going to happen. 
Therefore, you should have enough capital to keep your store going for a
few months in case of emergency.

These are some of the expenses
you will need to plan to cover whenever you open a dollar store. 
Obviously, you will need to pay for products to sell in your store. 
Paying for the lease, utilitiesScience Articles, and staff every month will also be big
expenses.  You can cut down on the biggest employee expense by managing
your store yourself.

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