Work through the sections in any order that you want, except for the Executive Summary, which should be done last. Skip any questions that do not apply to your type of business. Starting a Consignment Business Business Consignment have sprung all over the place.
Go to original post Hi all! My husband and I are both college educated people and both have full time jobs and 3 kids. I work in the school system and am off in the summer, so am thinking now would be the perfect time to look at getting something started.
I live in a town of about 35, and we currently have 1 consignment shop that caters to kids and has recently expanded to include another store that caters to teens. It is very successful and I have been a customer there for a long time.
We also have several thrift shops in town that I hear are doing very well. People come from many of the surrounding smaller towns to shop here.
The next biggest cities are over 45 mts. However, there is a town about 15 miles away with a population of about 10, that looks to me like it is experiencing some growth- they just opened up a new dollar store there are now 2a new KFC and Taco Bell, as well as some other businesses.
There is one larger grocery store and a couple of smaller ones and only one large Department store, which happens to be a Shopko. To my knowledge, there are no consignment shops or thrift stores in the whole town.
There are also lots of rural communities surrounding this town and another bigger town about miles in the other direction.
My husband and I took a drive around and there are several possibilities for storefronts in high-traffic areas that are vacant- a brand new little shopping center right next to the Shopko as well as several vacant storefronts in the downtown area.
What I need to know is where do I go from here? A franchise seems attractive because there is so much help available in starting up.
However, I kind of shy away from a franchise because then you have to follow their guidelines, share the profits, etc. I do feel like I am pretty knowledgeable when it comes to this type of business just because I have been a loyal shopper at them for years and seek them out whenever I visit other places.
I know what items sell and what to look for. I kind of have a picture in my mind of how I would want to run things, organize, keep accounts, etc.
If so, how do I go about doing these things? Any help, tips, ideas, and suggestions would be truly appreciated!
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Business Plan The Small Business Administration offers an interactive Business Plan Builder, which can help you focus on your goals and how best to run your consignment business. Raising the Resale Bar, the official SimpleConsign Blog.
Subscribe for weekly posts to help you build the strongest resale & consignment business possible. A Sample Consignment Shop Business Plan Template Business Overview The consignment sector of the retail industry has been able to capitalize on the recession, but its performance has suffered with the recovering economy.
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