petrie_ashley asked:
I am in the process of getting my degree in business management and am working on a business plan for this idea. I have asked some small boutiques in my area about their budget and such but non can give me a straight answer about what percent goes to what in reference to keeping the business running, the cost of the actual product and then the profit. I would love an answer! thank you
Theresa
I am in the process of getting my degree in business management and am working on a business plan for this idea. I have asked some small boutiques in my area about their budget and such but non can give me a straight answer about what percent goes to what in reference to keeping the business running, the cost of the actual product and then the profit. I would love an answer! thank you
Theresa
Tags: Boutiques, Love, Straight Answer
cost depends upon where you source products from.
markup is your choice as there is no tag to designer creations and boutiques take advantage of that fact. but keep a tight check on quality of the stuff you source.
your cost would include:
- rent in your area (easily available, calculable)
- salaries of 3-4 employees (easily available, calculable)
- utility expenses (easily available, calculable)
- inventory cost - this would vary on the range you intend to keep. if few items for each range of item, then less cost. if more SKUs and more pieces per sku, then higher cost. you would also need to calculate rent cost for place where u wud store your inventory.
- telephone/marketing cost - depends on the scale you want to start with. if its only your community/vicinity of residence/shop, it should be around $1-$2 per customer who buys your product.
when you open your shop i wholesale all natural soy candles and aromatherapy as well as aromatherapy bath salts.
email for a free sample and brochure