![]() ![]() For example, if you know the sweaters you want to sell normally retail for $80, you can assume that with a 25 percent margin, you’ll be able to purchase them from the manufacturer for $60. You need to be fully stocked with inventory on opening day and enough product to last at least four months. If you do not know the exact prices of your products, use an estimated markup assumption to back into the rates you are likely to see from your distributors. Depending on the type and size of your business, you may need shelving, display racks, cases, and furniture. These costs can vary from $200 to $2,000 depending on your business and the state in which you are operating. For example, an Employer Identification Number (EIN) for tax purposes, state, and local licenses as indicated by the SBA, a Resale Certificate (if you are not selling exclusively independent products), a seller’s permit, and a certificate of occupancy. ![]() Make sure you have enough capital to cover your rent for at least two years. ![]()
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